The prepared meals sector in France displayed varying trends between 2013 and 2023, highlighted by a peak in production in 2015 at €4.63 billion and subsequent fluctuations. By 2023, the sector stood at €3.73 billion. Significant decreases occurred in 2017 and 2020. Recent fluctuations indicate a stable but slightly declining market with a -1.1% year-on-year change in both 2022 and 2023. The CAGR over the past five years (2019-2023) suggests a slight annual decrease of -0.33%.
Future trends forecast a gradual decline in production, with an anticipated average annual decline of -0.89% from 2024 to 2028, projecting the sector to €3.53 billion by 2028.
Future trends to watch for:
- Impact of inflation and economic shifts on consumer spending in the prepared meals sector.
- Influence of health and sustainability trends on product innovation and consumer preferences.
- Technological advancements in food production and packaging.
- Potential regulatory changes affecting the industry.
- Emerging competition from alternative dietary options such as plant-based and lab-grown meals.
