In 2023, the frozen shrimps and prawns production in capture fisheries in Italy was valued at €22.5 million. Forecasts indicate a significant downward trend in this sector, with values declining from €19.135 million in 2024 to €4.2429 million by 2028, representing a sharp decrease over the forecast period.
The year-on-year variations show a consistent downward trajectory, with significant declines of -19.8% from 2024 to 2025, -24.4% from 2025 to 2026, -31.9% from 2026 to 2027, and -46.3% from 2027 to 2028. Furthermore, the compound annual growth rate (CAGR) over the five-year forecast period is -24.3%, highlighting a substantial contraction in production value.
Future trends to watch for include:
- Environmental policies impacting capture fisheries and resource management.
- Market shifts towards sustainable aquaculture as an alternative to traditional capture fisheries.
- Consumer preference changes influencing demand for seafood products including shrimps and prawns.