The dairy processing and cheese processing production value in France has exhibited a general upward trend from 2013 to 2023, with fluctuations in between. As of 2023, the production value stood at 36.13 billion Euros. Year-on-year variations indicate notable changes, such as a significant increase of 20.71% in 2017 and more moderate increases in recent years, including 2.55% from 2022 to 2023. Over the past five years, the compound annual growth rate (CAGR) was approximately 1.44%, reflecting steady, if modest, growth. Future growth from 2024 to 2028 is forecasted to continue at a similar CAGR of 1.81%, with an overall growth rate of 9.36% over five years.
Future trends to watch for include:
- Innovation in dairy product formulations and processing technologies.
- Increasing consumer demand for plant-based and alternative dairy products.
- Regulatory changes related to food safety and sustainability.
- Potential impacts of global economic conditions on production costs and pricing.