Production of Food, Beverages, and Tobacco in France has exhibited fluctuating growth from 2013 to 2023. While periods like 2016 showed a decline, other years, such as 2019 and 2020, managed to secure positive year-on-year growth. In 2023, the sector stood at 170.4 billion euros, marking a modest year-on-year variation of 0.9% from 2022. The CAGR over the last five years remained relatively stable at approximately 1.07%, signaling steady, albeit slow growth.
For future trends, forecasts indicate a gradual but continuous increase in production, with the sector expected to reach 177.55 billion euros by 2028. The forecasted CAGR for the next five years is around 0.65%, translating to an overall growth rate of 3.29% over this period.
Future trends to watch for include:
- Impact of technological advancements in food production and processing.
- Changes in consumer preferences towards healthier and sustainable food options.
- Potential regulatory changes affecting the food and beverage industry.
Monitoring these variables will be crucial in providing more precise predictions and adapting to upcoming shifts in the market.