In 2023, whole fresh Greenland Halibut production in France's capture fisheries was approximately at the same level as 2024's forecasted value, indicating stability or a modest increase as 2024 projections show a mild growth to 122.94 thousand euros. Year-on-year growth from 2024 to 2028 is consistently upward, with an increase of roughly 6-8% annually. Specifically, the growth rate progresses from about 6% in 2025 and maintains steady pace onwards, confirming a positive trend. The Compound Annual Growth Rate (CAGR) anticipated from 2024 to 2028 lies around 7%, suggesting solid growth in the medium term.
Future trends to watch for:
- Potential influence of climate change on halibut habitats, which could impact production volumes.
- Market demand shifts, possibly driven by consumer preferences for sustainable seafood.
- Regulatory changes in fisheries management that may affect catch limits or practices.