The meat processing sector in France has demonstrated fluctuating trends over the last decade. In 2023, the production grew slightly to a value of 34.33 billion Euros from 34.14 billion Euros in 2022, reflecting a year-on-year increase of 0.54%. Over the past five years, the production showed a modest average annual growth of 0.57%, indicating a steady but slow recovery from previous fluctuations observed in years such as 2019 and 2020.
Looking ahead, the sector is forecasted to continue its cautious upward trend, with production projected to reach 35.22 billion Euros by 2028. The forecasted average growth rate over the next five years is 0.41% annually, which suggests a stable but slow-paced enhancement in production levels.
Future trends to watch for:
- Consumers' shifting preferences towards sustainable and alternative protein sources.
- Impact of regulatory changes and trade policies on meat production and exports.
- Technological advancements which may streamline processes and drive efficiencies.
- Market responses to potential economic fluctuations and supply chain disruptions.
