The French bakery products sector has demonstrated gradual growth over the past decade. From 2013 to 2023, production value increased from 16.34 billion to 22.91 billion Euros, reflecting a compound annual growth rate (CAGR) of around 3%. Year-on-year growth showcased periods of stability and fluctuation, with notable rises in 2014 (11.26%) and 2018 (8.32%), and a significant dip in 2020 (-8.91%) likely due to the COVID-19 pandemic. The subsequent recovery is evident with positive trends from 2021 onwards.
Looking forward, the forecast for the years up to 2028 projects modest, steady growth with a 5-year CAGR of 1.75%, indicating a more stable but slower upward trend.
Future trends to watch for:
- Enhanced consumer preference for healthier and artisanal bakery products.- Technological advancements in production and logistics.- Potential impacts of global supply chain disruptions and economic uncertainties.- Increasing competition from international and local brands.
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