Milk production in France reached 25.84 million metric tons in 2023, showing a consistent increase year-over-year with a 0.2% rise for each of the last two years. Over the past five years, the Compound Annual Growth Rate (CAGR) is calculated at 0.25%. Future forecasts indicate a moderate but steady growth with a forecasted CAGR of 0.16% and an overall growth rate of 0.81% by 2028. This trend aligns with historical patterns of mild fluctuations and gradual increments.
Future Trends to Watch For:
- Technological advancements in dairy farming techniques and processing.
- Changes in consumer preferences towards sustainable and organic milk production.
- Global market dynamics and trade policies impacting export opportunities.
- Impact of climate change on pasture quality and milk yield.