The seafood market in France has shown significant fluctuations over the past decade. Starting at €6.86 billion in 2012, the market experienced growth until 2013, when it hit €7.64 billion, marking an 11.39% year-on-year increase. However, following this peak, the market saw a general decline with occasional minor recoveries, notably a 2.09% increase in 2016. From 2017 onwards, the sector faced continuous contraction, culminating in a value of €5.65 billion in 2022— a 0.59% drop from the previous year. The average annual decline (CAGR) from 2018 to 2022 was approximately -2.81%.
In 2024, the market value stands at €5.54 billion. Future trends to watch for include shifts in consumer preferences towards sustainable seafood, the impact of Brexit on seafood imports, and the potential for recovery as global economic conditions improve. Alternative protein sources and advancements in aquaculture technology may also influence market dynamics.
How does France rank in Seafood Market Size Value?
| # | 14 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Spain | 8,625,000,000 | 2023 | +0.43% | +1.35% | View data |
| 2 | 2 France | 5,603,800,000 | 2023 | -0.7% | -2.49% | |
| 3 | 3 Italy | 5,246,900,000 | 2023 | -0.44% | +2.33% | View data |
| 4 | 4 United Kingdom | 5,237,500,000 | 2023 | +0.09% | -1.24% | View data |
| 5 | 5 Germany | 4,720,100,000 | 2023 | +1.3% | -1.97% | View data |
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