Between 2013 and 2023, the production value of solid raw cane and beet sugar in France showed fluctuations, peaking in 2014 at 128.48 million Euros and dipping to a low in 2018 at 100.53 million Euros. Specifically, in 2023, the production was valued at 119.68 million Euros, showing a slight year-on-year decline of 0.51%. The 5-year compound annual growth rate (CAGR) till 2023 is calculated at 3.55%, indicating relatively stable growth after a period of more significant fluctuations earlier in the decade.
Looking ahead, forecast data indicate a steady decline in production value, with an anticipated value of 116.7 million Euros by 2028. This suggests a forecasted 5-year CAGR of -0.4% and an overall forecasted 5-year growth rate declining by approximately 1.99%.
Future trends to watch for include global market dynamics affecting sugar price and demand, agricultural productivity and policy changes within the European Union impacting sugar production. Additionally, shifts in consumer preferences towards healthier alternatives could influence market demand for traditional cane and beet sugar products.
