The forecast for the Gross Value Added (GVA) of the seafood industry in Italy from 2024 to 2028 shows a declining trend. Starting from 728.4 million Euros in 2024, the GVA is expected to decrease to 642.1 million Euros by 2028. Compared to the actual value in 2023, which stood at 750 million Euros, the year-on-year percentage variations indicate a continued reduction in GVA. Specifically, there is a 6.8% decrease by 2025 and a 1.8% CAGR decline over the five-year period from 2023 to 2028.
Future trends to watch for include:
- Potential impact of regulatory changes in the European seafood industry
- Effects of climate change on seafood resources and production
- Advancements in sustainable fishing practices and aquaculture technology
- Shifts in consumer preferences towards alternative protein sources
