From 2024 onwards, dairy products turnover in France has consistently shown positive growth. In 2023, the market value stood at 45.31 Billion Euros. We observed a relatively steady increase in turnover, with a year-on-year variation of 2.14% for 2023. Over the last two years (2022 and 2023), the year-on-year growth averaging approximately 2.18%. The compound annual growth rate (CAGR) for 2018 to 2023 was around 2.59%, suggesting a sustained upward trend over five years.
The forecast for 2024 onward predicts a continued rise, though at a slower pace. The five-year CAGR forecasted from 2023 to 2028 is around 1.54%, with an overall growth rate of 7.94% over these years.
Future trends to watch for include:
- Potential impacts of inflation on dairy product prices.
- Developments in alternative dairy products and their market acceptance.
- Consumer trends towards healthier and organic food options.
- Regulatory changes affecting dairy production and trade.
