In 2023, the pelagic fish market size volume in Denmark stood at 55.2 thousand metric tons. According to the data, the forecasted values from 2024 to 2028 show a steady decline in market size volume. Specifically, the market size is expected to decrease from 54.68 thousand metric tons in 2024 to 52.8 thousand metric tons by 2028. This represents a year-on-year decrease of approximately 0.90% in 2024, 0.89% in 2025, 0.87% in 2026, 0.88% in 2027, and 0.84% in 2028. The compound annual growth rate (CAGR) over the five-year period is roughly -0.87%.
Future trends to watch for:
- Potential shifts in consumer preferences towards alternative protein sources.
- Impact of sustainable fishing practices on supply and market dynamics.
- Regulatory changes and their influence on fishing quotas.
- Technological advancements affecting fish harvesting and processing efficiency.
- Global economic factors influencing trade and demand for pelagic fish.
