In 2023, the production of gutted fresh inshore squids in capture fisheries in France was an important baseline for upcoming forecasts. The data indicates a steady growth in production: from 18.01 metric tons in 2024, it is projected to reach 22.53 metric tons by 2028. This represents a consistent annual growth rate. Year-on-year growth is anticipated at around 6.32% for 2025, 5.90% for 2026, 5.58% for 2027, and 5.23% for 2028. The Compound Annual Growth Rate (CAGR) over these five forecasted years is approximately 5.75%, indicating sustained expansion in the industry.
Future trends to watch for include:
- Potential impacts of climate change on squid habitats, possibly influencing catch levels.
- Market demand shifts, especially in Europe, which may affect production volumes.
- Technological advancements in fishing techniques potentially increasing efficiency.
- Regulatory changes in French fisheries policies aiming to balance sustainability with economic goals.