In 2023, the production of whole fresh velvet belly in France's capture fisheries stood at approximately 0.8 metric tons. Forecasts show steady growth in production, reaching 1.2 metric tons by 2028. The year-on-year growth rate increases gradually from a stagnant 0.0% in 2025, to 11.1% by 2028. The compound annual growth rate (CAGR) from 2024 to 2028 is approximately 6.2%, indicating a healthy upward trend in production capacity and demand.
Future trends to watch for:
- Potential changes in environmental regulations that may affect capture fisheries practices.
- Shifts in consumer demand for velvet belly and associated species.
- Technological advancements in fishing techniques that could impact production efficiency.