Between 2013 and 2023, France's output of food, beverages, and tobacco products demonstrated fluctuating trends, with notable peaks and troughs. After rebounding from declines in 2015 and 2016, the sector experienced significant growth of 15.78% in 2022, reaching €199.91 billion by 2023, and achieving a CAGR of 4.35% over the last five years.
From 2024 onwards, the sector is forecasted to continue its growth trajectory, albeit at a slower pace, with an average annual growth rate (CAGR) of 1% by 2028, reaching an estimated €212.91 billion.
Future trends to watch for:
- Impact of inflation and economic policies on consumer spending
- Shifts towards sustainable and locally sourced products
- Technological advancements in food production and supply chain efficiency
