Forecast: Turnover of Food and Beverage Services in France

The turnover of food and beverage services in France has demonstrated a resilient growth trajectory over the past decade, starting from 65.5 billion euros in 2013 and reaching 87.93 billion euros in 2023. This represents a robust recovery, especially following the significant dip in 2020 owing to the COVID-19 pandemic. Specifically, there was a sharp contraction of -28.54% in 2020, followed by substantial rebounds in 2021 and 2022 with growth rates of 23.53% and 13.29% respectively. The average annual growth rate (CAGR) over the last five years, ending in 2023, has been 3.06%. The forecast data from 2024 to 2028 anticipates continued growth with a modest 2.03% CAGR and an overall growth of 10.55% over these five years.

The projected near-term trends to watch for in the food and beverage industry in France include:

  • Technological advancements and digital transformation easing operations and improving customer experiences.
  • Sustainability and environmental considerations influencing both consumer choices and business operations.
  • The evolution of consumer preferences towards health-conscious and organic options.
  • Potential economic fluctuations impacting disposable income and spending patterns.