In 2023, the production of fresh sandeels and sandlances for human consumption in France stood as a notable economic activity. Forecasts from 2024 to 2028 indicate a continuous decline in production value, starting at 89.41 thousand Euros in 2024 and decreasing annually to reach 31.3 thousand Euros by 2028. This represents a consistent year-on-year decline with significant percentage decreases, reflecting a substantial contraction in this sector. The compound annual growth rate (CAGR) over this five-year period highlights the ongoing downward trend in the market.
Future trends to watch for include potential regulatory changes affecting capture fisheries, shifts in consumer preferences towards alternative protein sources, and potential economic impacts due to environmental concerns. Monitoring these factors could provide insights into the market dynamics and possible recovery or further decline.
