In 2023, the production value of whole frozen sharks, rays, and chimaeras for human consumption in Germany was stable. From 2024 onwards, a declining trend is evident, with the forecast showing a significant annual decrease: 10.25% from 2024 to 2025, 11.20% from 2025 to 2026, 12.34% from 2026 to 2027, and 13.79% from 2027 to 2028. The compound annual growth rate (CAGR) between 2024 and 2028 suggests a consistent downward trajectory.
Future trends to watch for:
- Regulations regarding fisheries sustainability impacting production.
- Change in consumer preferences towards sustainable seafood options.
- Technological advancements in alternative seafood production.
