As of 2023, the value of frozen, filleted seafood production in capture fisheries for human consumption in Germany stood at 5.61 thousand euros per metric ton. The forecasted data reveals a consistent year-on-year increase: 1.78% from 2024 to 2025, 1.75% from 2025 to 2026, 1.72% from 2026 to 2027, and 1.52% from 2027 to 2028. The five-year Compound Annual Growth Rate (CAGR) is projected to be 1.67%, indicating a stable growth trend over this period.
Future trends to watch for include:
- Potential impacts of climate change on fish stocks, affecting production volumes.
- Advancements in sustainable fishing practices could influence production costs and market dynamics.
- Regulatory changes within the EU might alter market conditions.
- Shifts in consumer preferences towards plant-based alternatives that might affect demand.