The red wine PDO market volume in France exhibited notable fluctuations from 2013 to 2023. In 2023, the market stood at 1020.1 million liters, demonstrating a slight increase from 2022. Notably, the year-on-year variation was marked by a high in 2015 and subsequent decline in 2016, followed by minor fluctuations up to 2023. The compound annual growth rate over the last five years showed a marginal decline at -0.32%.
Future trends to watch for:
- Continued modest growth with a forecast 5-year CAGR of 0.18% up to 2028.
- Potential impacts of climate change on production and supply chain stability.
- Changes in consumer preferences and international trade policies affecting demand for French PDO wine.