The Soups and Broths and Preparations Thereof market in France experienced a notable decline over the past decade, with the market size progressively decreasing from 824.64 million euros in 2013 to 591.85 million euros in 2023. This decline translates to a compound annual growth rate (CAGR) of -2.01% over the last five years. The annual year-on-year variation indicates consistent negative growth, peaking at a drop of -11.1% in 2016. In more recent years, the decline has slightly mitigated but remains significant, with a -3.22% decrease in 2022 and -3.29% in 2023.
Future trends to watch for in the Soups and Broths market include potential shifts in consumer preferences towards organic and health-focused options, the impact of innovation in product offerings, and the influence of economic factors on consumer buying power. Additionally, monitoring competitive landscape changes and advancements in supply chain efficiency could also play a crucial role in shaping the market's trajectory.
How does France rank in Soups and Broths and Preparations Thereof Market Size Value?
| # | 15 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 896,290,000 | 2023 | +0.43% | +1.22% | View data |
| 2 | 2 United Kingdom | 852,310,000 | 2023 | -0.48% | -0.64% | View data |
| 3 | 3 France | 591,850,000 | 2023 | -3.29% | -2.01% | |
| 4 | 4 Spain | 342,600,000 | 2023 | +4.64% | +6% | View data |
| 5 | 5 Poland | 116,750,000 | 2023 | +0.3% | -0.64% | View data |
