Between 2011 and 2021, the price per unit of frozen bovine meat in France rose from 5.5 to 7.49 Euros per kilogram, reflecting a compound annual growth rate (CAGR) of approximately 3.04% over the last five years. Prices showed an initial increase until 2013, followed by slight fluctuations, and a steady rise from 2019 onwards. From 2020 to 2021, there was a noticeable increase in pricing by approximately 3.3% year-on-year. As of 2023, prices are expected to maintain an upward trajectory.
Future trends to watch for include:
- Potential impacts of market disruptions on pricing stability.
- Increased demand from emerging markets, potentially influencing global supply chains.
- Shifts in consumer preferences towards alternative protein sources possibly affecting demand.