The processed fish market in France, excluding whole or in pieces and prepared meals, reached 644.16 million euros in 2023. This sector experienced a consistent upward trend with significant growth observed especially from 2018 onward. Despite small dips in 2016 and 2017, the market demonstrated strong resilience, recording a year-on-year increase of 5.45% in 2023. Over the past five years, the average annual growth rate settled at 6.44%.
Future trends to watch for include:
- Shifts in consumer preferences toward sustainable and locally sourced processed fish products.
- The impact of technological advancements on production efficiency and scaling-up capabilities.
- Regulatory changes and their potential effects on market dynamics and pricing strategies.
- The expansion of distribution channels, especially in digital marketplaces.