The dairy products market in France experienced modest growth from 2013 to 2016, peaking at 10.606 billion kilograms in 2016. However, starting in 2017, the market began a steady decline, with volume decreasing annually. By 2023, the market had shrunk to 8.2559 billion kilograms, reflecting a year-on-year decrease of 3.21%. Over the past five years, the compound annual growth rate (CAGR) has averaged -3.61%, indicating a significant market contraction.
Future projections suggest this downward trend will continue, with the volume expected to reach 6.9263 billion kilograms by 2028, equating to a forecasted five-year CAGR of -2.8% and a cumulative decline of 13.25% from 2024 levels.
Factors to watch in the future include:
- Shifts in consumer preferences towards plant-based alternatives.
- Regulatory changes impacting dairy farming and production.
- Technological advancements in dairy processing and distribution.
- Economic conditions affecting consumer spending power.
- Sustainability and environmental concerns influencing market demand.
