Analyzing the output of Food, Beverages, and Tobacco in France from 2013 to 2023 reveals a trend of gradual increases and occasional declines. Key variations include significant growth in 2017 (4.84%) and 2021 (3.86%), balanced by declines in 2015 (-2.09%) and 2016 (-1.53%). The output stood at 170.29 Billion Euros in 2023. The compound annual growth rate (CAGR) over the last five years is 1.06%, indicating steady growth with minor fluctuations.
Future trends forecasted until 2028 suggest a modest average annual growth rate (CAGR) of 0.68%, with an overall growth rate of 3.46%. Continuous monitoring is necessary to identify and adapt to market dynamics.
Future trends to watch for:
- Impact of regulatory changes on production costs
- Shifts in consumer preferences towards sustainable and healthy products
- Technological advancements in food production and supply chain
- Global trade policies affecting import and export dynamics