In 2023, the value of fresh veined squid production for human consumption in Italy stood at a level prior to the forecasted increase from 2024 onwards. Year-on-year growth is projected to show consistent increments of approximately 7.6% from 2024 to 2025, followed by around 6.9% from 2025 to 2026, continuing with about 6.3% from 2026 to 2027, and finally 5.8% from 2027 to 2028. Over the next five years, a Compound Annual Growth Rate (CAGR) of approximately 6.6% is expected, reflecting a steady upward trend in production value.
Future trends to watch for include:
- Potential impacts of climate change on capture fisheries, affecting supply consistency
- Shifts in consumer preferences towards sustainable and locally-sourced seafood
- Technological advancements in fishing and processing that could influence production costs
