In 2023, the frozen shrimps and prawns production in capture fisheries for human consumption in Italy was valued at 31.92 thousand Euros per metric ton. Forecasted data from 2024 to 2028 shows a consistent year-on-year increase, with values rising steadily from 32.92 to 36.91 thousand Euros per metric ton, indicating a positive growth trajectory. The compound annual growth rate (CAGR) over this period suggests a moderate increase, reflecting a stable market with potential for continued expansion.
Future trends to watch for include:
- Potential impacts of climate change on marine ecosystems affecting shrimp and prawn populations.
- Shifts in consumer preferences towards sustainable and locally-sourced seafood.
- Regulatory changes in fishing quotas and policies impacting production capacity.
- Technological advancements enhancing fishery operations and processing efficiency.