The production value in Germany's seafood processing sector stood at 2.14 billion Euros in 2023, with a minor year-on-year increase of 0.19%. Over the last two years, the sector showed little fluctuation, growing marginally. The compound annual growth rate (CAGR) over the past five years was noted at 1.01%. Historically, the sector experienced varied trends, including a significant spike of 14.56% in 2017 and a notable slump of 12.89% in 2018, reflecting its vulnerability to market shifts.
Forecast to 2028, the sector is expected to exhibit a subdued CAGR of 0.15%, indicating a steady but slow growth trajectory. Given this projection, stakeholders should monitor:
• Sustainable seafood practices.• Supply chain disruptions.• Consumer demand for healthier options.• Impact of regulatory changes.• Technological advancements in processing.