In 2023, the Crucifix Sea Catfish production in capture fisheries in France stood at 118.2 metric tons. The forecast for 2024 is 131.3 metric tons, representing an increase of 11.1% compared to the previous year. Looking ahead, the production is expected to rise to 145.7 metric tons in 2025, increasing by 11% year-on-year. By 2026, it is projected to reach 160 metric tons, reflecting a 9.8% yearly increase. Further growth is anticipated with production climbing to 174.3 metric tons in 2027 (8.9% increase) and 188.5 metric tons in 2028 (8.1% increase). The compound annual growth rate (CAGR) over the period from 2024 to 2028 is estimated at approximately 9.58%.
Future trends to watch for include:
- Potential environmental impacts and regulatory changes that could influence capture fisheries.
- Technological advancements in sustainable fishing methods that might affect production efficiency.
- Shifts in consumer demand and global market dynamics that could reshape the industry framework.