The milk-based drinks production in France has experienced a robust upward trend from 2013 to 2023, ascending from 51.01 to 74.8 thousand metric tons. In 2023, production volume stood at 74.8 thousand metric tons, marking a stable performance with a 0.29% year-on-year variation and a CAGR of 3.01% over the past five years. Historical variations reveal periodic fluctuations, significant growth in 2021, and a notable decline in 2020.
Looking ahead, the forecast from 2024 to 2028 suggests a steady increase, projecting production to reach 79.41 thousand metric tons by 2028. This anticipated growth equates to a five-year CAGR of 0.95%, implying a more moderated pace compared to the past decade but still indicating positive momentum.
Future trends to watch for:
- Potential impacts of health and wellness trends on consumer preferences for milk-based drinks.
- Influences of environmental policies and regulations on production methods and sustainability practices.
- Technological advancements in dairy production and processing that could enhance efficiency and product innovation.
- Market dynamics and competition from alternative beverages, including plant-based milk alternatives.