The alcoholic beverages processing sector in France showcased a declining trend in volume from 2014 to 2023, with a reduction from 901 thousand metric tons in 2014 to 801 thousand metric tons in 2023. The year-on-year variations reveal a considerable decrease in 2017 by -12.19%. However, 2018 noticed a significant positive shift with a 15.23% increase. In the past two years, the sector experienced a relatively modest decline, with -0.61% in 2021 and -0.74% in 2022. The most recent data from 2023 shows a slight year-on-year decrease of -0.62%. The Compounded Annual Growth Rate (CAGR) over the last five years illustrates an average decline of -1.3%.
Looking forward, forecasts predict a continual decline in the volume of alcoholic beverages processing, with the sector expected to reach 775 thousand metric tons by 2028. The forecasted CAGR for the next five years is -0.53%, indicating a slow but steady decrease.
Trends to watch for in the future include potential shifts in consumer preferences towards low-alcohol or non-alcoholic beverages, changes in regulatory policies, and the impact of sustainability practices on production processes. Market players should also monitor advancements in processing technologies that may enhance efficiency and product quality.
