Germany's total seafood production in capture fisheries is projected to grow consistently from 2024 to 2028. The forecast implies an upward trend with a compound annual growth rate (CAGR) indicating steady progress in annual value increase. As we entered 2024, capture fisheries stood at a certain level in 2023, marking the beginning of this growth cycle. Year-on-year growth highlights resilience in the industry, responding well to global and regional market dynamics. The percentage increase each year signifies robust expansion, driven by sustainable practices and expanding market demand.
Future trends to monitor include:
- Technological advancements in fishing practices aiming to enhance sustainability.
- Regulatory changes affecting fishing quotas and practices.
- Shifts in consumer preferences towards sustainability and traceability.
- Impacts of climate change on marine biodiversity affecting fish stock availability.