In 2023, the value of Greater Forkbeard production for human consumption in Italy was a crucial baseline. The forecast predicts steady growth from 2024, with an average Compound Annual Growth Rate (CAGR) of approximately 7.73% from 2024 to 2028. Year-on-year growth rates are projected at 8.96% for 2025, 8.12% for 2026, 7.43% for 2027, and 6.86% for 2028, indicating a gradual slowdown in growth speed while maintaining upward momentum.
Future trends to monitor include:
- Potential impacts of sustainable fishing practices and regulations.
- Shifts in consumer preferences towards other seafood options.
- Economic factors influencing consumer spending in the seafood market.
