The market for flours, meals, and pellets of seafood in Italy experienced fluctuations from 2013 to 2023. After a moderate growth of 3.81% in 2013, the market saw slight increases until 2016 when it dipped by 6.5%. This decline was followed by significant recovery and growth peaking in 2018 with a 6.28% year-on-year increase. The market showed volatility with a decrease in 2019 and 2021 but rebounded in 2020 and had a notable increase in 2022. In 2023, the market volume stood at 49.635 million kilograms, growing by 1.83% year-on-year. The compound annual growth rate (CAGR) over the last five years was modest at 0.48%.
Future trends to watch for include:
- Potential market stabilization post-2023 with continued gradual growth.
- Innovations in seafood processing technology, which could further influence market volumes.
- Environmental regulations and sustainability practices that may impact seafood sourcing and production.