The forecast for France’s seafood output, expressed in billion euros, projects a steady growth from 2024 to 2028. In 2024, the value is forecasted at 2.4 billion euros, reflecting a gradual increase to 2.47 billion euros by 2028. The year-on-year growth for 2024 compared to 2023 sees a moderate increase, with subsequent years continuing this upward trend. The compound annual growth rate (CAGR) over these five years indicates an overall stable but modest growth trajectory for the industry in France.
Future trends to watch for include:
- Potential impacts of environmental policies and sustainability initiatives on seafood production.
- Market demand shifts driven by consumer preferences for sustainable and locally-sourced seafood.
- Technological advancements in aquaculture and fishing methodologies enhancing output efficiency.
- Economic conditions influencing domestic and export markets for French seafood.