The forecast for the number of enterprises in the fur apparel sector in France shows a declining trend from 2024 to 2028. Starting at 43 enterprises in 2024, the number is projected to decrease to 37 by 2028. This represents a year-on-year decline of approximately 4.5% between 2024 and 2028. The compound annual growth rate (CAGR) over this five-year period is a decrease of roughly 3%. As of 2023, the actual number stood at 45 enterprises, indicating a continuing downturn into the future.
Future trends to watch include the impact of changing consumer preferences towards sustainable and cruelty-free fashion alternatives, which may further influence the declining number of enterprises in this sector. Additionally, regulatory changes and international market dynamics could also play a significant role in shaping the industry's landscape in coming years.
