The total haddock production in capture fisheries for human consumption in France is forecasted to increase from 8.6852 million Euros in 2024 to 9.3453 million Euros in 2028. From 2024 to 2028, a consistent year-on-year growth of approximately 1.9% is observed. This growth suggests a stable upward trend, reflected by a compound annual growth rate (CAGR) of about 1.85% over the forecast period. This forecast follows the actual data from 2023, where the market value stood at approximately 8.5 million Euros, indicating a positive growth trajectory.
Future trends to watch for:
- Impact of sustainable fishing practices and regulatory policies on production levels.
- Consumer preference shifts towards haddock amid rising health consciousness and demand for seafood.
- Potential market disruptions due to environmental factors and economic volatility.