The freshwater fish market size volume in Brazil stood at 937.7 thousand metric tons in 2023. Over the last decade, the market showed fluctuations with significant downturns and recoveries. For instance, after a drop of 5.08% in 2015, it saw modest growths and minor declines, peaking at a sharp decline of 17.03% in 2020, followed by a substantial recovery of 14.42% in 2021. The last two years have shown more stability with a slight year-on-year decrease of 0.034% in 2023. Over the previous five years, the market experienced an average annual decline of 0.1%.
Forecasted data from 2024 to 2028 suggests a generally stable but slightly declining market, with a five-year CAGR of -0.02% and a forecasted five-year growth rate of -0.08%. The market is anticipated to reach 933.28 thousand metric tons by 2028.
Future trends to watch for include:
- Impact of climate change on freshwater ecosystems and fish populations.
- Shifts in consumer preferences towards sustainable and locally sourced fish.
- Technological advancements in aquaculture and fish farming.
- Regulatory changes affecting fishing practices and trade policies.