In 2023, the actual value for fresh shrimp production in capture fisheries intended for human consumption in Germany stood at a baseline benchmark, which is critical for assessing future forecasts. From 2024 onwards, projected data suggests a consistent upward trend with an average annual growth rate (CAGR) across the five-year forecast period of approximately 0.82%. Year-on-year variations show incremental increases in production value, reflecting steady market demand and potential improvements in capture techniques or shifts in consumer preferences.
Future trends to watch for include:
- Technological advancements in capture methods that could increase efficiency.
- Changing consumer preferences towards sustainable seafood impacting demand.
- Potential regulatory shifts in fisheries management affecting production capabilities.
- Economic conditions influencing pricing strategies and market dynamics.
