The Food and Beverages sector in France has exhibited modest fluctuations from 2013 to 2023, with value-added levels generally decreasing until 2017 and then showing a gradual increase from 2018 onwards. In 2023, the sector stood at 18.09 in Units of Total Manufacturing, reflecting a year-on-year growth of 0.59%. Over the last two years, the average year-on-year growth rate has been approximately 0.60%, and the Compound Annual Growth Rate (CAGR) over the last five years is around 0.62%. The forecast indicates continuous albeit slow growth, with a projected value-added of 18.59 by 2028, implying a future 5-year CAGR of 0.43% and an overall growth rate of 2.18% from 2024 to 2028.
Future trends to watch for:
- Increasing consumer preference for organic and sustainable food products
- Technological advancements in food processing
- Impact of potential policy changes on the food and beverages sector
- Fluctuations in raw material prices and supply chain dynamics
- Effects of global economic conditions on domestic market growth