Cereals - France

France

Gross production value in Cereals market is projected to amount to US$11.58bn in 2024. An annual growth rate of 2.25% is expected (CAGR 2024-2028), resulting in gross production value of US$12.66bn in 2028.
The import value in Cereals market is projected to amount to US$0.5bn in 2024. An annual growth rate of -1.67% is expected (CAGR 2024–2028).
The export value in Cereals market is projected to amount to US$10.7bn in 2024. An annual growth rate of 8.50% is expected (CAGR 2024–2028).

Key regions: Germany, Italy, Brazil, United States, United Kingdom

Market

Region

Region comparison

Currency

Analyst Opinion

France, known for its rich culinary heritage, has a diverse cereal market with a wide range of products available to consumers.

Customer preferences: French consumers have a strong preference for healthy and natural cereals, with a growing demand for organic and gluten-free options. Additionally, convenience and on-the-go options are becoming increasingly popular among busy French consumers.

Trends in the market: The French cereal market has seen a shift towards healthier options, with a growing demand for organic and gluten-free products. This trend is driven by consumers' increasing health consciousness and desire for natural and wholesome ingredients. In addition, the market has seen a rise in on-the-go products, such as cereal bars and single-serve cereal cups, as consumers look for convenient and portable breakfast options.

Local special circumstances: France has a strong agricultural industry and produces a significant amount of cereal crops, including wheat, corn, and barley. This allows for a diverse range of locally sourced cereals to be available to consumers. Additionally, French cuisine often incorporates cereals, such as bread and pastries, into traditional dishes.

Underlying macroeconomic factors: The French economy has been growing steadily in recent years, with low unemployment rates and a stable political environment. This has led to increased consumer confidence and spending, which has positively impacted the cereal market. Additionally, the French government has implemented policies to promote healthy eating habits and reduce food waste, which has further boosted the demand for healthier cereal options.

Methodology

Data coverage:

The data encompasses B2B. Figures are based on the value of gross production in the agriculture market, which values of production are calculated by multiplying gross production by output prices at the farm gate.

Modeling approach:

Market sizes are determined through a bottom-up approach, building on specific predefined factors for each market. As a basis for evaluating markets, we use resources from the Statista platform as well as annual financial reports of the market-leading companies and industry associations, third-party studies and reports, national statistical offices, international institutions, and the experience of our analysts. In addition, we use relevant key market indicators and data from country-specific associations, such as GDP, consumer spending, and consumer price index.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, the S-curve function and exponential trend smoothing are well suited for forecasting agriculture products due to the non-linear growth of this market, especially because of the direct impact of climate change on the market.

Additional notes:

The data is modeled using current exchange rates. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. The market is updated twice a year.