The meat processing turnover in France has seen a decline from 18.57 billion Euros in 2013 to 16.0 billion Euros in 2023, indicating a gradual reduction over the decade. The highest turnover was in 2014 at 19.13 billion Euros, and the industry has faced continual decreases since. Between 2021 and 2023, year-on-year variations were minimal, reflecting a stabilization around 16 billion Euros. The CAGR over the last five years stands at approximately 0.32%, suggesting slight average annual growth.
Looking ahead, the forecasted turnover shows a minor decline year-on-year, with values nearing 15.66 billion Euros by 2028. The projected 5-year CAGR is -0.33%, indicating a cautious outlook with a slow downward trend in the meat processing market.
Future trends to watch for include shifts in consumer preferences towards plant-based diets, regulatory changes in the meat industry, technological advancements in meat processing, and economic factors impacting consumer spending power that could further influence these forecasts.
