Between 2013 and 2023, the production value of dairy products in France demonstrated fluctuating growth, standing at 36.6 billion euros in 2023. The most significant fluctuation was in 2017 with a 19.25% increase. Over the last two years, growth is evident with a 2.39% increase in 2023. The five-year annual growth rate (CAGR) is 1.25%, showing modest growth.
Forecasts predict a slight rise in the production value, reaching 40.75 billion euros by 2028, with a forecasted 1.7% CAGR and an overall growth rate of 8.81% over five years.
Future trends to watch for include:
- Potential shifts in consumer preferences toward sustainable and plant-based dairy alternatives.
- Changes in international trade policies impacting dairy exports and imports.
- Technological advancements in dairy processing boosting efficiency.
- Impact of climate change on dairy farming practices and milk production.