Whole milk production in France witnessed notable fluctuations from 2013 to 2023, peaking at 383.84 thousand metric tons in 2016 and contracting significantly in 2023 to stand at 297.92 thousand metric tons. The recent trend highlights a persistent decline, with the last two years showing a year-on-year reduction of -1.15% in 2022 and -6.61% in 2023. The five-year CAGR leading up to 2023 is -2.28%, showcasing a consistent downward trajectory.
Future trends forecast a further decline in whole milk production, with projections indicating a -6.14% CAGR over the next five years, reaching 202.94 thousand metric tons by 2028. The overall forecasted growth rate until 2028 stands at a significant -27.14%.
Key trends to watch include:
- Economic factors impacting dairy farming sustainability.
- Potential shifts towards plant-based milk alternatives.
- Policy changes in agricultural subsidies and environmental regulations.
- Technological advancements in dairy production efficiency.