The freshwater fish market volume in South Korea stood at 93.16 thousand metric tons in 2023, showing a year-on-year increase of 0.95%, while the last five-year CAGR was 0.89%. From 2014 to 2023, the market experienced significant fluctuations, including a peak in 2017 followed by a notable drop in 2020. Post-2020, the market showed a positive recovery trend.
Looking ahead, the market is forecasted to grow with a five-year CAGR of 0.77%, reaching an anticipated volume of 97.47 thousand metric tons by 2028. This indicates a steady but modest upward trajectory, reflecting stabilization in the market dynamics.
Future trends to watch for include:
- Increasing consumer interest in sustainable and locally-sourced freshwater fish.
- Advancements in aquaculture technology improving yield efficiency.
- Potential impacts of climate change on freshwater fish ecosystems.
- Government policies promoting aquaculture and fishery management.