Since 2013, beef meat production in France has shown variability with both growth and decline periods. The highest production was recorded in 2016 at 1.4661 million metric tons, while the lowest was in 2020 at 1.3554 million metric tons. Between 2013 and 2023, the Compound Annual Growth Rate (CAGR) averaged -0.73%, indicating a slight decline in production over a decade. In 2023, the production stood at 1.4074 million metric tons, showing a -0.45% year-on-year variation from 2022.
Recent years have also seen a downward trend with a -0.45% drop from 2022 to 2023, and the forecast remains pessimistic with a forecast CAGR of -0.37% for the next five years, expecting continued decline through 2028. By the end of 2028, production is projected to have decreased to 1.3744 million metric tons.
Future trends to watch for:
- Shifts in consumer preferences towards plant-based diets and alternative protein sources.
- Potential impacts of regulatory changes aimed at reducing carbon emissions in agriculture.
- Technological advancements in livestock farming that may improve productivity.
- Economic factors such as feed prices and trade policies affecting production costs.
