The wheat groats and meal market size in France has been on a downward trend since 2013, with a value of 103.28 million Euros in 2023. Over the past decade, variations year-on-year have mostly been negative, highlighting persistent declines with occasional slight increases, like in 2019. From 2019 to 2023, the compound annual growth rate (CAGR) shows a steady negative trend, averaging annually around -1.48%. The forecast until 2028 indicates a continuation of this decline, with an expected average annual decrease of 1.83% and a cumulative reduction of 8.84% in market size.
Future trends to watch for include:
- Potential influences from global market forces such as commodity price fluctuations and trade policies.
- Changes in consumer preferences towards alternative grains and plant-based diets, which could impact demand.
- Technological advancements in agriculture potentially leading to productivity boosts or cost reductions.
- Impact of environmental regulations on production practices and costs.
