The sold production of cake and pastry products in France has seen various fluctuations over the past decade. Actual figures reveal that the production volume stood at 1.4174 billion kilograms in 2023. Between 2013 and 2023, the sector experienced a mix of growth and decline, with significant drops in 2019 and 2020. The average annual growth rate for the most recent five-year period was negative at -0.72%. However, from 2021 onwards, the market has shown signs of recovery.
The forecast data from 2024 onwards predicts a steady increase, with the sold production projected to reach 1.5436 billion kilograms by 2028. The forecasted 5-year CAGR is 1.35% indicating a moderate but stable growth rate.
Future trends to watch for:
- Innovations in health-conscious and dietary-specific products. - Increased consumer demand for premium and artisanal products. - Impact of economic conditions and consumer spending habits on the bakery sector.
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