Milk - France

  • France
  • Gross production value in Milk market is projected to amount to US$0.95bn in 2024. An annual growth rate of 2.53% is expected (CAGR 2024-2028), resulting in gross production value of US$1.05bn in 2028.
  • The import value in Milk market is projected to amount to US$78.3m in 2024. An annual growth rate of -10.20% is expected (CAGR 2024–2028).
  • The export value in Milk market is projected to amount to US$222.0m in 2024. An annual growth rate of -8.09% is expected (CAGR 2024–2028).

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

 
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Analyst Opinion

France is known for its love of cheese, wine, and bread, but milk is also an essential part of the French diet. The Milk market in France has been developing in recent years due to various factors.

Customer preferences:
French consumers are increasingly turning to organic and locally produced milk. They are becoming more aware of the environmental impact of their food choices and are willing to pay a premium for milk that is produced sustainably. Additionally, there is a growing demand for plant-based milk alternatives, such as soy and almond milk, which are seen as healthier options.

Trends in the market:
One of the major trends in the Milk market in France is the consolidation of the industry. The market is dominated by a few large players, who are acquiring smaller dairy farms and processing plants. This trend is driven by the need for economies of scale and to meet the growing demand for organic and sustainable milk.Another trend is the increasing use of technology in milk production. Farmers are using sensors and data analytics to monitor the health and productivity of their cows, which allows them to optimize their operations and improve the quality of their milk.

Local special circumstances:
France has a long tradition of dairy farming, and many of the country's dairy farms are family-owned and have been passed down from generation to generation. This has created a strong sense of community and pride in the industry, which has helped to drive innovation and quality.

Underlying macroeconomic factors:
The French government has implemented policies to support the Milk market, such as subsidies for dairy farmers and regulations to protect the quality of French milk. Additionally, the country's strong economy and high standard of living have allowed consumers to prioritize the quality and sustainability of their food choices.In conclusion, the Milk market in France is developing in response to changing consumer preferences, industry consolidation, technological advancements, and government support. These factors have created a dynamic and innovative market that is focused on producing high-quality, sustainable milk.

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.

Overview

  • Revenue
  • Trade
  • Key Players
  • Analyst Opinion
  • Global Comparison
  • Methodology
  • Key Market Indicators
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