The forecast for monkfish production in capture fisheries for human consumption in France shows a steady decline from 2024 to 2028, starting from 10.69 thousand metric tons in 2024 to 9.92 thousand metric tons in 2028. This represents a year-on-year decrease of 1.87% in 2025, 1.81% in 2026, 1.84% in 2027, and 1.88% in 2028. The compound annual growth rate (CAGR) over the five-year period is anticipated to be approximately -1.85%. As we are now in 2024, it is important to note the industry stood at a higher level before this decline.
Future trends to watch for include:
- Changes in fishing regulations and quotas that may impact supply.
- Environmental and climate changes affecting fish populations.
- Market demand fluctuations influencing fishing practices and consumption patterns.
- Technological advancements in fisheries impacting efficiency and sustainability.
- Potential shifts in consumer preferences towards sustainable seafood options.