In 2023, the fresh Northern prawn production in capture fisheries in Italy was valued below the 2.2379 million Euros forecasted for 2024. From 2024 to 2025, the value is expected to grow by approximately 5.76%. Between 2025 and 2026, a 5.39% increase is anticipated, followed by a 5.07% rise from 2026 to 2027. The growth continues with a 4.77% increase forecasted from 2027 to 2028. Over the five-year period from 2024 to 2028, the compound annual growth rate (CAGR) is projected at 5.25%.
Looking ahead, future trends to watch for include sustainable fishing practices, environmental regulations affecting production, and market demand fluctuations driven by consumer preferences for sustainable seafood. These factors may influence the forecasted growth trajectory of the industry.
