In 2023, the total production of cods, hakes, and haddocks in capture fisheries for human consumption in Italy was valued at €49.5 million. Starting in 2024, the forecasted year-over-year growth rates for the subsequent years are as follows: 2024 (4.5%), 2025 (3.2%), 2026 (3.0%), 2027 (2.9%), and 2028 (2.8%). Over the five-year forecast period, the compound annual growth rate (CAGR) is projected to be 3.3%, indicating a steady upward trend in the sector.
Future trends to watch for:
- Potential impacts of climate change on fisheries' productivity and distribution.
- Shifts in consumer preferences towards sustainably sourced seafood.
- Regulatory changes affecting fishing quotas and practices.