The production of spirits in France saw varying trends over the past decade. From 2013 to 2016, production values increased steadily, reaching a peak in 2016 before experiencing significant declines. The year-on-year variations reveal sharp fluctuations, with a notable steep drop in 2017 and a continued downward trend through 2023.
Specifically, up until 2016, production grew robustly, showing remarkable year-on-year increases. However, a dramatic decline in 2017 set a downward path for the sector. The last two years saw modest declines, with both 2022 and 2023 recording a slight year-on-year reduction. As of 2023, the spirits sector stood at 4.01 Billion Euros.
Looking ahead, forecasted data from 2024 to 2028 predict a continuing decline in spirits production. The forecasted 5-year CAGR suggests an average annual decrease of -1.11%, with an overall projected decline of -5.41% by 2028.
Future trends to watch for include the potential impact of shifting consumer preferences towards lower-alcohol or no-alcohol beverages, potential regulatory changes, and market dynamics in the broader European spirits market. These factors could influence both production and demand in the coming years.
