The Cheese and Curd market in France showed significant annual fluctuations from 2013 to 2023, with a general upward trajectory. In 2023, the market stood at 11.715 Billion Euros, reflecting a year-on-year growth of 1.8%. Over the last two years (2022-2023), the market showed steady growth with average year-on-year increases. The CAGR over the past five years (2019-2023) was 2.97%, indicating moderate expansion during this period.
Looking ahead, forecasted data suggests a continued positive trend. Between 2024 and 2028, the market is projected to grow at a 5-year CAGR of 1.31%, resulting in an overall growth rate of 6.73% by 2028. This suggests ongoing but slightly slower growth compared to the previous period.
Future trends to watch for:
- Increased demand for premium and specialty cheese varieties.
- Rising consumer interest in plant-based alternatives might affect traditional cheese sales.
- Impact of economic factors and price inflation on consumer purchasing power.
- Adoption of sustainable and eco-friendly production practices in response to consumer preferences.
