The homogenised food preparations and dietetic food market in France has shown a declining trend over the past decade. In 2013, the market was valued at 1.3724 billion Euros and has steadily decreased to 0.89839 billion Euros in 2023. The year-on-year variation highlights intermittent periods of slight growth followed by declines, with significant drops in 2014 and 2017. From 2020 onwards, the year-on-year decline has stabilized at around -1.78% annually. The CAGR over the last five years indicates an average annual decrease of approximately -1.87%.
Looking forward to 2024 and beyond, the market is forecasted to continue its downward trajectory, with an average annual decrease of -1.58% over the next five years. By 2028, the market is expected to be valued at approximately 0.81318 billion Euros, reflecting a -7.64% cumulative decline from 2023.
Future trends to watch for include:
- Consumer preferences shifting towards organic and plant-based diet options.
- Technological advancements in food processing and preservation.
- Regulatory changes affecting dietary guidelines and food labeling requirements.
- Impact of economic factors such as inflation and disposable income on consumer spending in this segment.
- Competitive landscape changes with potential new entrants and innovation-driven growth.
