From 2012 to 2022, the Fresh Equine Meat Market in France demonstrated a consistent decline. In 2012, the market size was at 13.571 million kilograms, but by 2022 it had shrunk to 6.2214 million kilograms, representing an overall downward trend. The year-on-year variations further highlight the fluctuations, with notable decreases in several years: -13.06% in 2013, -16.07% in 2014, and -14.93% in 2016. However, there were minor positive increments such as in 2015 and 2018, but they were not enough to offset the overall negative trajectory.
Analyzing recent trends, from 2020 to 2022, the market continued to contract with year-on-year variations of -6.07%, -6.93%, and -7.3% respectively. The compound annual growth rate (CAGR) over the last five years (2018-2022) witnessed a steady decline averaging at around -5.57% per year.
Looking ahead, the forecasted data for 2024 should be carefully monitored as the market stabilizes or potentially continues to decline. Factors to watch include shifts in consumer preferences, regulatory policies, and potential substitutes impacting the demand for fresh equine meat in France.
