The demersal fish market in Brazil is forecasted to decrease in volume from 471.57 thousand metric tons in 2024 to 435.36 thousand metric tons in 2028. The projections indicate a continual decline, with each year showing a decrease: -1.98% from 2024 to 2025, -1.97% from 2025 to 2026, -1.98% from 2026 to 2027, and -1.98% from 2027 to 2028. The compound annual growth rate (CAGR) over this period is approximately -1.98%.
In 2023, the demersal fish market volume in Brazil was 478.5 thousand metric tons. The market is expected to face consistent declines through to 2028, reflecting potential challenges such as overfishing, environmental factors, or decreased demand.
Future trends to watch for:
- Environmental regulations impacting fishing practices.
- Changes in consumer preferences towards other sources of protein.
- Technological advancements in sustainable fishing methods.
- Economic factors affecting the fisheries industry.
