The frozen fish fillets market in Italy has experienced considerable growth, expanding from €481.27 million in 2013 to €878.92 million in 2023. The market showed significant growth in the initial years, with notable year-on-year increases such as 19.77% in 2015 and 11.71% in 2016. However, the market faced some volatility, with slight declines in 2019 and 2022 by -1.92% and -2.74%, respectively. The annual average growth for the past five years (CAGR) stands at 2.74%, reflecting a stabilization phase after earlier dynamic growth periods.
From 2024 onwards, the market is forecasted to continue growing, reaching a value of €1,045.5 million by 2028. The projected average annual growth (CAGR) for the next five years is 2.75%, indicating a steady increase. This growth trajectory suggests that the market is expected to maintain its upward momentum.
Future trends to watch for include increased consumer demand for healthy and convenient food options, advancements in freezing technology, and potential impacts from sustainability initiatives and supply chain developments. These factors are likely to influence market dynamics and could present both opportunities and challenges for stakeholders in the frozen fish fillets market in Italy.
