The Pelagic Fish Feed market in France experienced significant fluctuations over the past decade, starting with 103.61 Thousand Metric Tons in 2014 and decreasing to 73.74 Thousand Metric Tons in 2023. The year 2015 saw a drastic decline of 43.66%, followed by relative stabilization and modest recovery until 2023, where the year-on-year variation was -1.76%. Key recent trends show a consistent annual decrease with a CAGR of -2.13% over the last five years.
Looking ahead, the forecasted annual decrease is expected to continue, with a CAGR of -1.55% from 2024 to 2028, leading to a projected market size of 66.88 Thousand Metric Tons by 2028. Overall, a 7.5% decline is forecasted over the next five years.
Future trends to watch for:
- Potential impacts of sustainable fishing practices and regulations.
- Technological advancements in aqua feed production.
- Shifts in consumer demand towards more environmentally friendly products.
