The beef meat market in France experienced a slight decline from 1.42 million metric tons in 2014 to 1.37 million metric tons in 2023. Over these years, the market has shown varied year-on-year changes but generally declined slightly. The year 2023 saw a marginal decrease of 0.15% from the previous year. Observing the last five years, the Compound Annual Growth Rate (CAGR) also presents a decline of 0.22% per year. Forecasted data from 2024 to 2028 indicates a further steady decline with a forecasted 5-year CAGR of -0.16%. Overall, the market is projected to continue shrinking moderately in the coming years.
Future trends to watch for:
- Potential shifts in consumer preferences toward alternative proteins or plant-based diets, which may further impact beef consumption.
- Changes in regulatory policies regarding meat production and environmental concerns that could affect market dynamics.
- Evolving export and import policies within the European Union and globally, influencing the availability and demand for beef meat in France.
