The import of food preparations for infants to France stood at 38.746 million kilograms in 2023. Over the past decade, there has been significant fluctuation in import volumes, with notable reductions in 2014 and 2019, which were followed by periods of recovery. Recent analysis reveals a modest 2.02% year-on-year increase for 2023, showing a return to a positive trend. The compound annual growth rate (CAGR) over the last five years is -1.41%, which suggests a gradual recovery figure from previously negative trends.
Looking forward, the forecast for 2024 demonstrates continued growth, with an anticipated volume of 39.507 million kilograms and a forecasted 5-year CAGR of 1.46%. This reflects an annualized growth rate contributing to an overall 7.51% increase by 2028.
Trends to watch for:
- The impact of changing birth rates in France on infant food demand.
- Regulatory changes affecting imports and product standards.
- Developments in domestic infant food production potentially impacting imports.
- Shifts in consumer preferences toward organic or specialized infant food preparations.
