The volume of the fresh bovine meat market in France has shown a declining trend from 2013 through 2023, reducing from over 1 billion kilograms to 0.730 billion kilograms in 2023. The year-on-year percentage variation confirms a persistent decrease, with significant reductions particularly noticeable in recent years. Overall, the compound annual growth rate (CAGR) indicates an average annual shrinkage of around 2.76% over the past five years. Forecast from 2024 to 2028 anticipates a continued decline, with a projected five-year CAGR of approximately -2.86%.
Future trends to watch for:
- Growing consumer focus on sustainable and ethical sourcing of beef may further impact demand.
- Potential shifts toward plant-based diets could accelerate the declining trend.
- Technological advancements or policy changes promoting local beef production may influence future market dynamics.