In 2023, the value of fresh European smelt production in capture fisheries for human consumption in France held steady, setting a foundation for subsequent projections. From 2024 onwards, the forecasted trend indicates a consistent annual growth in economic value.
Year-on-year growth from 2024 to 2025 is estimated at 3.45%, with subsequent annual increases of around 3.30% up to 2028. Overall, a compound annual growth rate (CAGR) of approximately 3.24% is anticipated over the five-year period from 2024 to 2028, reflecting a steady upward trend.
Future trends to watch for include:
- Potential impacts of environmental policies on smelt fisheries.
- Technological advancements in capture methodologies enhancing efficiency and sustainability.
- Shifts in consumer demand and market preferences towards sustainably sourced seafood.