The production of food and beverages in France saw fluctuations over the years 2013 to 2023. Annual growth rates varied, from highs in 2017 at 4.94% to lows in 2020 at -4.22%. Importantly, 2023 stood at 169.95 billion euros, reflecting a 0.89% year-on-year increase and an average annual growth rate (CAGR) of 1.07% over the last five years. Looking ahead, the forecasted CAGR through 2028 is 0.71%, with a 3.61% overall growth rate.
Future trends to watch for:
- Technological advancements in food production
- Increasing consumer demand for sustainable and organic products
- Potential impacts of regulatory changes and economic fluctuations