In 2023, the production value for gutted fresh European hake in France stood at an estimated €34.37 million. From 2024 to 2028, projections indicate steady growth, with the production value rising from €34.37 million to €36.44 million. This reflects consistent year-on-year increases with a 1.53% increase in 2025, 1.49% in 2026, 1.45% in 2027, and ending with a 1.42% rise in 2028. The compound annual growth rate (CAGR) for the 2024-2028 period is forecasted at approximately 1.5%.
Future trends to watch:
- Relationship dynamics between supply chain issues and market demands.
- Regulatory changes in fishing quotas impacting production.
- Innovations in sustainable fishing practices influencing overall market conditions.