In 2024, the number of enterprises in France's fur article industry is forecasted to be 43, with a gradual decline expected through 2028, where the number is anticipated to drop to 37. The data reveals a consistent downward trend, with the number of enterprises reducing by approximately 5.78% over the five-year period. In the next five years, the compound annual growth rate (CAGR) indicates a yearly average decline of about -3.05%.
Looking ahead, key trends to monitor include shifts in consumer preferences towards sustainable fashion, potential regulatory changes affecting the fur industry, and the impact of economic conditions on luxury goods markets. These factors could further influence the trajectory of the sector.
