Forecast: Household Expenditure on Food Services in France

From 2013 to 2023, household expenditure on food services in France has demonstrated a steady increase, moving from 58.08 Billion Euros in 2013 to 72.16 Billion Euros in 2023. With actual values showing continuous growth, the year-on-year variation indicates fluctuations between modest growth rates, peaking at a 5.35% increase in 2016, and a minimum of 0.73% in 2013. Over the last two years, the rates show slight deceleration with a growth of 1.52% in 2023 and 1.58% in 2022, while the five-year CAGR from 2018 to 2023 stands at 1.64%, reflecting a consistent, albeit slowing, upward trend.

Looking forward, forecasted data from 2024 to 2028 continues to project a positive trend with household expenditure expected to grow from 73.22 Billion Euros in 2024 to 77.26 Billion Euros in 2028. The forecasted five-year CAGR of 1.08% and a forecasted five-year growth rate of 5.52% indicate moderate but steady expansion.

Trends to watch for:

• Structural changes in the food service industry, including technological advancements and shifts towards sustainability.
• Potential impacts of economic fluctuations and policy changes on consumer spending patterns.
• Emerging consumer preferences for convenience, health-focused food options, and dining experiences.