In 2023, the total inshore squids production in capture fisheries for human consumption in France stood at a value significantly lower than projected future figures. Forecast data from 2024 onward suggests a steady year-on-year increase in value, averaging 1.7% annually from 2024 to 2028. Over the next five years, the compound annual growth rate (CAGR) is expected to be steady, indicating a consistent growth trajectory in the sector.
Future trends to watch for include:
- Continued growth in production value driven by demand for squid in global markets.
- Potential impact of environmental changes and regulatory factors on fishing practices.
- Technological advancements in fishing and processing that could enhance yield and efficiency.