1、 France plant-based food retail market insights 2021 to 2023 with initial insights into the 2024 market Executive Summary This report shows the trends in retail sales of eight plant-based product categories (meat,ready meals,milk and drinks,cheese,yoghurt,ice cream,dessert and cream)in France betwee
2、n 2021 and 2023,based on data from Circana.It also presents initial insights into how the 2024 market is developing.We find an acceleration in growth,with the total value of plant-based retail sales increasing by 18%between 2021 and 2023.However,this increase can be attributed largely to inflation a
3、cross the food sector.Despite rising prices,demand for plant-based food remained steady and even increased slightly:unit sales increased by 0.9%and the volume sold increased by 2%between 2021 and 2023.Sales volume grew in five out of eight plant-based product categories between 2021 and 2023,while s
4、ales value grew in seven of those categories over the same period.Plant-based cheese is experiencing particularly striking sales growth.Although still a small and emerging category,more than twice as much plant-based cheese was sold in France in 2023 than in 2021.Plant-based meat is also experiencin
5、g ongoing growth,with an increase of 3.4%in sales volume and 18.2%in sales value between 2022 and 2023.Across all categories for which data is also available for pre-packaged animal-based products(milk,cheese and yoghurt),the plant-based category experienced greater growth in sales volume between 20
6、22 and 2023 than the animal equivalents.The French retail market for plant-based food was valued at 648 million in 2023.The total annual sales value of plant-based foods in France grew by 18%between 2021 and 2023.Total unit sales of plant-based foods in France grew by 0.9%between 2021 and 2023.Total
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