The pelagic fish market in Germany is forecasted to grow from 2024 to 2028. For 2023, the market volume was at 217.5 Thousand Metric Tons. The projected volumes indicate an incremental annual increase: 219.3 Thousand Metric Tons in 2024, 221.38 in 2025, 223.42 in 2026, 225.42 in 2027, and 227.38 in 2028. This reflects a Compound Annual Growth Rate (CAGR) of approximately 0.9% over the five-year period. The year-on-year percentage increase is consistent but modest, with incremental growth of around 0.9% each year from 2023 to 2028.
Future trends to watch for include:
- Consumer preference shifts towards sustainable and eco-friendly products, which may impact sourcing and supply chains.
- Advances in aquaculture technology that could increase production efficiency and market volume.
- Potential regulatory changes related to fishing quotas and environmental protection policies.
- Economic factors affecting disposable income and consumer spending on seafood products.