The meat processing industry in France demonstrated consistent growth from 2014 to 2018, marked by peak increases of 6.1% year-on-year in 2018. However, fluctuations were observed subsequently, with a slight decline in 2019 followed by stable growth. By 2023, the industry stood at 90 thousand metric tons, with a year-on-year increase of 1.12%. The compound annual growth rate (CAGR) over the past 5 years was 0.68%. Future growth is modest, with a forecasted CAGR of 0.65% and an overall 3.3% increase by 2028.
Future trends to watch for:
• Technological advancements in processing methods• Growing demand for sustainable and ethically sourced meat• Impact of policies aimed at reducing carbon footprints in the meat industry• Potential uptake in alternative protein sources affecting traditional meat demand
