The market for flours, meals, and pellets of seafood in Italy has experienced fluctuations between 2013 and 2023, standing at 49.635 million kilograms in 2023. Between 2022 and 2023, the market grew by 1.83%, whereas over the last five years, it has maintained a CAGR of 0.48%. Although the market showed resiliency with a significant increase of 14.11% in 2022, it has exhibited volatility over the preceding years.
Future trends to watch for include a forecasted steady growth with a 5-year CAGR of 1.33% from 2024 onward, indicating a market stabilization and gradual expansion trend. Market watchers should also focus on sustainable fishing practices and environmental regulations as pivotal factors influencing future growth.
