In 2023, the cooked shrimp production in capture fisheries for human consumption in Germany stood at an undisclosed baseline value. The forecasted data from 2024 to 2028 shows a consistent decline from 5.95 to 4.27 thousand metric tons. Year-on-year, the industry is expected to experience a contraction, with rates declining progressively from 2024 to 2028. This reflects an average compound annual growth rate (CAGR) over the five years with a decreasing pattern.
Future trends to watch for:
- Impact of alternative protein sources gaining popularity on shrimp consumption.
- Environmental policies affecting capture fisheries.
- Technological advancements in aquaculture potentially replacing capture fisheries production.
