The forecast for the production value of Whole Fresh Mediterranean Starry Ray in French capture fisheries shows steady growth over the next five years. In 2023, the value stood at approximately EUR 91.00 thousand. The forecast indicates year-on-year increases, with 2024 expecting a 5.18% rise, followed by increases of 4.70% in 2025, 4.46% in 2026, 4.20% in 2027, and 4.02% in 2028. The compound annual growth rate (CAGR) over this period is projected to be around 4.51%, reflecting a consistently positive upward trend in production value.
Future trends to watch for include:
- Changes in consumer preferences and demand for eco-friendly capture methods.
- Potential regulatory adjustments affecting capture quotas or sustainability measures.
- The impact of climate change on marine populations and capture conditions.
- Technological advancements in fishing techniques enhancing yields.
- Market dynamics, including pricing and competition from alternative seafood products.