As of 2023, the forecasted production value of whole fresh two-banded seabream in capture fisheries in Italy is progressively decreasing. Starting from 2024 with a value of 5.5 thousand euros per metric ton, a year-on-year decline is evident: 15% by 2025, 17.8% by 2026, 20.6% by 2027, and 25.3% by 2028. This translates to a compound annual growth rate (CAGR) of approximately -20.2% over the five years. Market trends suggest this decline may be attributed to overfishing, regulatory constraints, or a shift in consumer preference resulting in reduced demand.
Future trends to watch for include:
- Regulations impacting fishing quotas and sustainability practices.
- Adoption of aquaculture as an alternative to mitigate declines in capture fisheries.
- Changes in consumer preferences favoring sustainable seafood options.