The production volumes of food, beverages, and tobacco in France showed a steady increase between 2013 and 2023, with minor fluctuations. The value reached 164.74 billion Euros in 2023, indicating a general upward trend with a lower average annual growth rate in the latter years compared to the earlier ones. The year-on-year variations reveal a relatively stable growth pattern, especially in the past two years, with a slight increase of 0.38% and 0.37% respectively. Over the last five years, from 2018 to 2023, the compound annual growth rate (CAGR) stands at approximately 0.38%, showcasing a modest but consistent growth trajectory.
Looking forward, the forecast from 2024 to 2028 suggests a continued gradual increase with a forecasted 5-year CAGR of 0.27%. This indicates a stable, albeit slow, growth pattern, projecting a 1.37% growth rate over these years.
Future trends to watch for include potential shifts in consumer behavior, technological advancements in food production, and the impact of regulatory changes on production volumes. Additionally, global economic conditions and environmental sustainability practices could significantly influence future production trends.