The prepared meals market in France experienced notable fluctuations from 2013 to 2023. From a low point in 2014, the market size increased significantly, peaking in 2019 before experiencing a temporary decline in 2020, likely due to the impacts of the COVID-19 pandemic. The market rebounded in 2021 and has continued its growth trend up to 2023, reaching a value of 9.97 billion Euros. The year-on-year growth was 4.24% in 2023, with a Compound Annual Growth Rate (CAGR) of 2.81% over the last five years. Looking ahead, forecasts suggest a steady growth rate with a projected CAGR of 1.49% from 2024 to 2028, which implies a market growth of 7.67% over the next five years.
Future trends to watch for in the prepared meals market in France include:
- Increasing consumer demand for convenience food items as busy lifestyles prevail.
- A growing preference for healthier and organic meal options.
- Advancements in food technology and packaging innovations.
- Impact of inflation and economic fluctuations on consumer spending patterns.
- The expansion of e-commerce and online food delivery services.
