As of 2023, the total production of giant red shrimp in Italy for human consumption stood at 59.484 million euros. From 2024 to 2028, forecasts suggest a continuous increase in production reaching 62.139 million euros by 2028. This indicates a steady year-on-year growth varying from 0.95% to 0.91%. The compound annual growth rate (CAGR) over the five-year forecast period is approximately 0.89%.
Future trends to watch:
- Technological advancements in fisheries improving efficiency.
- Environmental policies impacting sustainable fishing practices.
- Market demand shifts due to changing consumer tastes and trends.
- Impact of climatic conditions on shrimp habitats and yields.
