The forecast for total Great Barracuda production in capture fisheries in France indicates a consistent increase from 2024 to 2028. Starting at 3.84 thousand euros per metric ton in 2024, the value is expected to grow annually, reaching 4.51 thousand euros per metric ton by 2028. This growth reflects a steady year-on-year increase, suggesting a positive trend in the market value of Great Barracuda. The compound annual growth rate (CAGR) over this five-year period further emphasizes a healthy upward trajectory, driven by factors such as improved fishing techniques and potentially increasing demand.
Future trends to watch for:
- Changes in fishing regulations and environmental policies that could impact supply.
- Developments in sustainable fishing practices and their adoption across the industry.
- Market demand fluctuations influenced by consumer preferences and economic conditions.
- Potential competition from aquaculture and its effect on capture fisheries.