In 2023, the total European sprat production in capture fisheries for human consumption in Germany was lower than the forecasted figure for 2024. Starting with a projection of 2.67 thousand metric tons in 2024, the industry is expected to grow steadily reaching 2.84 thousand metric tons by 2028. The year-on-year growth indicates a consistent upward trend between 2024 to 2028, with a noticeable increase each year. Over the period from 2024 to 2028, the compound annual growth rate stands at a positive value, reflecting an expansion in sprat production for human consumption.
Future trends to watch for:
- Technological advancements improving fishing efficiency and sustainability.
- Regulatory changes related to fishing quotas and environmental concerns.
- Market demand fluctuations influenced by consumer preferences for seafood.
