The fresh scallops production value for human consumption in Italy is expected to experience a steady increase from 2024 onwards. The forecasts show an annual increase in value, with 2024 starting at 4.72 and reaching 5.0 by 2028. In comparison, the production value in 2023 was at a similar level, indicating modest yet consistent growth. This corresponds to year-on-year growth rates of approximately 1.5% annually. Over a five-year period, this equates to a compounded annual growth rate (CAGR) of just over 1.4%, reflecting stable market conditions.
Future Trends to Watch For:
- Potential market disruptions affecting the capture fisheries sector, such as climate change or regulatory changes.
- Influence of increasing demand for sustainable seafood on production practices.
- Advancements in aquaculture technology that might impact future production settings.
- Economic factors such as inflation affecting costs and consumer prices.
