In 2023, the total inshore squid production in capture fisheries for human consumption in France was valued at approximately 42 million Euros. From 2024 to 2028, the forecast indicates a consistent upward trend in production value, growing from 44.621 million Euros to 54.726 million Euros. This upward trend represents a steady year-on-year growth as follows: 5.75% from 2024 to 2025, 5.38% from 2025 to 2026, 5.06% from 2026 to 2027, and 4.76% from 2027 to 2028. The compound annual growth rate over this period is projected to be around 5.23%.
Future Trends to Watch For:
- Potential impacts of climate change on squid habitats and migration patterns.
- Shifts in consumer preferences towards sustainable fishery practices.
- Technological advancements in fishing techniques that may enhance squid capture efficiency.