From 2013 to 2023, the frozen fish fillets market in France experienced fluctuations. The market size in 2023 stood at 1254.3 million euros. Initial years saw a decrease until 2014 (-2.36%), followed by periods of growth, such as in 2015 (10.43%) and 2019 (7.9%). However, the market faced dips too, notably in 2020 and 2021, with declines of -3.99% and -4.16%, respectively. But recovery was evident with a modest growth rate of 1.67% in 2023.
Over the last five years, the CAGR was 1.07%, demonstrating a stable yet moderate growth trend. Interestingly, the forecasted CAGR for the next five years is slightly higher at 1.22%, projecting a growth rate of 6.26% by 2028. The years leading up to 2028 are expected to witness consistent incremental increases, reinforcing a slow but steady expansion trajectory in the market.
Future trends to watch for include evolving consumer preferences towards healthier and sustainable seafood options, advancements in freezing technology preserving fish quality better, and potential impacts of global supply chain fluctuations. Furthermore, regulatory changes regarding fishing quotas and import regulations could significantly shape market dynamics.
