The forecast for Great Atlantic Scallop production in French capture fisheries shows consistent growth from 2024 to 2028, rising from 124.29 million Euros to 144.9 million Euros. This marks a steady year-on-year growth, with the compound annual growth rate (CAGR) over the five-year period expected to remain positive. In comparison, production's standing in 2023 was notably lower, establishing a clear upward trend in market value.
Future trends to watch for in this market include:
- Potential impacts of regulatory changes affecting fisheries and their sustainability.
- Developments in consumer demand for sustainable and locally sourced seafood.
- Technological advancements in harvesting and processing that could increase efficiency and output.