The production of Lesser Flying Squid in Italy is projected to grow steadily from 65.2 metric tons in 2024 to 75.2 metric tons in 2028. In 2023, the actual production stood at approximately 62 metric tons. Year-on-year forecasts indicate a growth rate of about 5.2% from 2024 to 2025, and 3.9% from 2025 to 2026. Over the five-year period, the compound annual growth rate (CAGR) is approximately 3.6%, reflecting consistent growth in squid yields.
Future trends to watch for:
- Changes in regulations affecting capture fisheries, which might influence production levels.
- Environmental factors and their impact on squid populations.
- Shifts in consumer demand and market preferences towards sustainable seafood options.