The distilling, rectifying, and blending of spirits turnover in France has fluctuated significantly over the past decade. From 2013 to 2023, the industry saw notable highs, such as in 2016, followed by sharp declines, particularly in 2017 and the years that followed. As of 2023, the turnover stood at 4.38 billion euros.
Recent trends highlight a steady decline with slight annual variations, displaying a year-on-year decrease of -0.38% in both 2022 and 2023. The compound annual growth rate (CAGR) over the last five years has been -1.98%. Forecasts suggest a continued, although more gradual, decline, with a forecasted CAGR of -0.29% from 2024 to 2028, resulting in a projected turnover of 4.3 billion euros by 2028.
Future trends to watch for include potential shifts in consumer preferences towards lower alcohol consumption, increased competition from non-alcoholic alternatives, and regulatory changes impacting production and sales.
