In 2023, the demand for butter and ghee in France stood at an estimated value of slightly below the 2024 forecasted value of 512.0 thousand metric tons. From 2024 to 2028, the demand is anticipated to grow steadily, with year-on-year increases of approximately 1% each year. This consistent rise translates into a compound annual growth rate (CAGR) of about 0.8% over the five-year period. This trend indicates a modest but steady increase in consumer demand for these products.
Future trends to watch for:
- The influence of health and wellness trends on butter and ghee consumption.
- Potential shifts towards plant-based alternatives in response to sustainability concerns.
- Economic factors and their impact on consumer spending ability in the nutrition sector.