In 2023, the pelagic fish market volume in Norway stood at 32.88 thousand metric tons. From 2024 onwards, the forecasted data shows a steady year-on-year volume increase in the market size from 33.25 thousand metric tons in 2024 to 34.77 thousand metric tons in 2028. This represents a year-on-year increase of 1.17% in 2024, 1.17% in 2025, 1.16% in 2026, and 1.07% in 2027. The compound annual growth rate (CAGR) over the five-year period from 2023 to 2028 is approximately 1.11%.
Future trends to watch for include:
• Efforts to enhance sustainability in fishing practices could positively impact the market as demand for sustainably sourced fish increases.• Technological advancements in fishing and fish processing may lead to more efficient operations and increased volume.• Potential impact of climate change on fish populations and migration patterns, influencing market volume.• Regulatory changes and international trade agreements affecting market dynamics.• Shifts in consumer preferences towards healthier and protein-rich diets could drive demand.
