In 2023, the production value of cooked aquatic animals in capture fisheries for human consumption in Germany was 46.344 million Euros. The forecast from 2024 to 2028 indicates a steady annual increase, reaching 49.765 million Euros by 2028.
The year-on-year growth from 2024 to 2028 shows a gradual increase, with percentage gains as follows: 1.49% from 2024 to 2025, 1.45% from 2025 to 2026, 1.42% from 2026 to 2027, and 1.38% from 2027 to 2028. The Compounded Annual Growth Rate (CAGR) over these five years is approximately 1.5%.
Future trends to watch for:
- Impact of climate change on aquatic ecosystems could influence capture fisheries.
- Changes in consumer preferences towards sustainable and ethical seafood products might affect market demand.
- Technological advancements in fishing methods and processing could enhance efficiency and production capacity.
- Regulatory shifts within the EU impacting fishing quotas and sustainability requirements.