In 2023, the production value of whole frozen giant red shrimp in Italy's capture fisheries stood at approximately 34.00 Thousand Euros per metric ton. Forecasted data suggests a consistent annual growth in value, with an increase of around 5.58% from 2024 to 2025, 5.26% from 2025 to 2026, 4.95% from 2026 to 2027, and 4.66% from 2027 to 2028. The compound annual growth rate (CAGR) over the five-year forecast period is estimated to be approximately 5.21%.
Future trends to watch for:
- Potential impact of environmental and regulatory changes on capture fisheries.
- Innovation in sustainable fishing practices to support growth.
- Fluctuations in global demand and pricing affecting the European seafood market.
