The import of protein concentrates and textured protein substances to France is expected to increase progressively from 2024 to 2028. In 2023, the import value stood at $56.1 million. For 2024, the expected value is $57.798 million, indicating a moderate increase. Consistent year-on-year increments suggest a steady demand for these products.
The projected year-on-year growth rates from 2024 to 2028 demonstrate uniform growth, with incremental increases approximately ranging from 2.1% to 2.3% each year. Over this five-year period, the compound annual growth rate (CAGR) averages at approximately 2.25%, reflecting a stable increase.
Future trends to watch include:
- Evolution of dietary preferences toward plant-based proteins.
- Regulatory changes impacting the import dynamics.
- Technological advancements in protein production that might affect the imports.
