The output of Food, Beverages, and Tobacco Products in France has witnessed varied trends from 2013 to 2023. The historical data illustrated initial stability in 2013 and 2014, followed by a gradual decline until 2019. A significant uptick occurred in 2020, but the production dipped again in 2021. Since 2022, the trend has shown minor fluctuations, ending 2023 at a stable level. The year-on-year percentage change varied significantly, with notable declines in 2015, 2018, and 2019 but a marked recovery in 2020. The compound annual growth rate (CAGR) from 2013 to 2023 remained modest, indicating an overall downward trend.
Looking ahead, from 2024 onwards, a slight decline is forecasted until 2028, with the CAGR expected to be -0.53%, indicating a gradual reduction in output. Future trends to watch include potential shifts in consumer preferences towards healthier and sustainable options, which could impact traditional food and beverage segments. Additionally, regulatory changes, economic conditions, and advancements in technology could further influence the market dynamics.