In 2023, the production value of whole fresh herrings, sardines, and anchovies in France stood at a certain level which serves as a baseline for the forecasts extending from 2024 to 2028. In 2024, the value is expected to be approximately 21.746 million euros, gradually decreasing each year, reaching an anticipated 17.467 million euros by 2028. This consistent decline highlights a noticeable downtrend in the sector, with an expected decrease year-on-year of around 5% to 7% over the forecast period. The 5-year Compound Annual Growth Rate (CAGR) indicates an average annual decrease of approximately 5%.
Future trends to watch for include potential impacts of climate change on fish populations, regulatory changes in the fisheries sector, and shifts in consumer preferences toward more sustainable seafood. Monitoring advancements in aquaculture technology that might offset declines in capture fisheries is also essential for stakeholders. Observing these factors will provide insights into how the industry may adapt or respond to these challenges over time.
