The forecasted sold production of malt in France is expected to show a steady growth from 2024 to 2028. In 2024, the production is predicted to reach 470.74 million euros, gradually increasing each year to 483.87 million euros by 2028. Compared to the actual production value of 466.10 million euros in 2023, there is an anticipated average annual growth rate (CAGR) of approximately 0.9% over the five-year period.
Both the industry and external factors could influence this trend:
- Changing consumer preferences towards craft beers could increase demand for malt.
- Potential fluctuations in barley prices, which may affect production costs.
- Environmental policies impacting agricultural practices involved in malt production.