The poultry meat processing turnover in France observed significant fluctuations from 2013 to 2023. Starting at €6.37 billion in 2013, the sector displayed a steady growth until a dramatic surge in 2017, achieving a turnover of €13.27 billion, nearly a 96% increase from the previous year. Following this peak, minor fluctuations characterized the years leading to 2023, reaching €13.42 billion, achieving a relatively high yet stable annual growth rate.
Year-over-year variation shows notable peaks and troughs, with sharp increases like 96.43% in 2017 and moderate growth rates such as 4.36% in 2023. The compound annual growth rate (CAGR) over the period highlights the sector's resilience and capacity for rapid recovery. For instance, the five-year CAGR from 2017 to 2022 stood at 15.36% despite macroeconomic challenges.
Future trends to watch for:
- Projected continuous growth with the forecast CAGR of 2.92% from 2024 to 2028, indicating a stable and improving market environment.
- Advancements in technology and automation within processing plants enhancing efficiency and throughput.
- Increasing consumer demand for high-quality and diverse poultry products driven by health trends and dietary shifts.
- The potential impact of regulatory changes and sustainability initiatives targeting environmental footprints of meat processing.
