The bottled water market in France experienced an overall increase in volume from 2013 to 2019, with minor fluctuations such as in 2016 and 2018. The market peaked in 2019 at 10.418 billion liters. However, a notable decline started in 2020, exacerbated by economic factors and possibly shifts in consumer behavior. As of 2023, the market stood at 8.9322 billion liters, reflecting a substantial year-on-year decrease of 3.57%. The CAGR over the last five years was -2.38%, indicating a contraction phase. Forecasts suggest a continued decline, with a projected 5-year CAGR of -3.17%, leading to an estimated market volume of 7.326 billion liters by 2028.
- From 2020 to 2023, consecutive year-on-year declines were observed, indicating a weakening market.
- The average annual decrease over the last five years was -2.38%, projecting a continued downward trend.
- Long-term forecast anticipates a 14.86% decline over the next five years, indicating significant market contraction.
In the future, it will be crucial to monitor economic trends, health concerns, and sustainability awareness, as these factors might drive further changes in consumer preferences and impact the bottled water market in France.