The labor cost per employee in the meat and poultry sector in France is forecasted to increase from 50.6 thousand euros in 2024 to 53.9 thousand euros in 2028. In comparison, this figure stood at 49.8 thousand euros in 2023. The year-on-year growth rates for the forecasted period are 1.58% in 2025, 1.56% in 2026, 1.72% in 2027, and 1.51% in 2028. The compound annual growth rate (CAGR) for the period from 2024 to 2028 is around 1.63%, indicating a steady increase in labor costs.
Future Trends to Watch For:
- Potential impact of automation and technological advancements on labor costs.
- Changing labor laws and regulations affecting compensation structures.
- Influence of global market dynamics and trade policies on the sector.
