The market for cured edible fish offal, flours, meals, and pellets in Spain reached a value of 19.541 million euros in 2023. From 2013 to 2023, the market demonstrated notable fluctuations, with significant growth periods in 2015, 2017, and 2022, where the year-on-year growth rate reached up to 37.71% in 2015 and 18.65% in 2017. The market faced downturns in 2020 and 2021, attributed to a decrease in demand, but rebounded strongly in 2022 and 2023, highlighting its resilience.
Future trends to watch for:
- Continued growth in 2024 driven by increasing demand for alternative protein sources as consumers seek sustainable and eco-friendly options.
- Investment in technological advancements that may enhance production efficiency and product diversification.
- Potential market expansion in response to new dietary trends and heightened focus on nutrient-rich food sources.