Forecast: Agricultural Products and Livestock Output in France

From 2013 to 2023, France's agricultural products and livestock output in Billion Euros has experienced fluctuations. The period saw a dip in 2016, followed by significant growth in certain years like 2018 and 2021. As of 2023, the output stands at €87.06 billion, reflecting a year-on-year growth of 0.8% compared to the previous year. The trailing 5-year CAGR is at 1.08%, indicating moderate growth over the last half-decade.

Forecasting the future, from 2024 to 2028, the agricultural sector is expected to continue growing, reaching €90.42 billion by 2028. The forecasted 5-year CAGR is 0.6%, suggesting steady albeit slower growth. The forecast indicates a total growth of 3.05% over this period.

Future trends to watch for include:

  • Impact of climate change on agricultural yields and livestock.
  • Technological advancements in farming and livestock management.
  • Government policies and subsidies supporting sustainable practices.
  • Market demand shifts due to changing consumer preferences towards organic and locally sourced products.

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