The production volumes of food and beverages in France demonstrated fluctuations between 2013 and 2023. From a low of 153.91 Billion Euros in 2013 to a peak of 164.4 Billion Euros in 2023, the series saw varied growth. In recent years, production volumes bounced back from a significant dip in 2020 to show a steady recovery, registering incremental year-on-year growth rates of 0.39% in 2022 and 0.38% in 2023. The Compound Annual Growth Rate (CAGR) over the last five years up to 2023 is 0.39%.
Future trends to watch for:
- Continued growth momentum with a forecasted 5-year CAGR of 0.31%, pointing to a stable industry outlook.
- A forecasted growth of 1.55% by 2028, indicating a moderate but consistent expansion in the production volumes.