Forecast: Seafood Market Size Value in Italy

Between 2013 and 2023, the seafood market size in Italy exhibited considerable fluctuations. The market saw peaks, such as in 2015 with a significant 9.77% year-on-year growth, and troughs, notably with a 10.98% decline in 2017. More recent years showed a stabilization of the market with minor year-on-year variations, such as -0.44% in 2023, and an average CAGR of 2.33% over the last 5 years up to 2023. Looking forward, from 2024 to 2028, the forecast indicates a relatively stable but slightly declining market with a -0.34% annual average decrease and an overall 1.71% reduction in market size.

Future trends to watch for include:

  • Potential impacts of sustainable fishing regulations on supply chains
  • Shifts in consumer preference towards plant-based seafood alternatives
  • Evolving trade agreements and their effect on imported seafood prices
  • Technological advancements in aquaculture potentially increasing local production

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