The forecast for France's total deepwater rose shrimp production in capture fisheries shows a steady upward trend from 2024 to 2028, starting at €1.77 million and increasing to €2.40 million. This reflects a consistent year-on-year growth rate. In 2023, the production stood at €1.60 million, showing signs of significant improvement in the sector. Over the five-year forecasted period, the production value is anticipated to exhibit a compound annual growth rate (CAGR) of approximately 6.4%, indicating a healthy expansion in the industry.
Future trends to watch include:
- Potential impacts of climate change on shrimp habitats and catch volumes.
- Regulatory changes in EU fisheries policy that could affect capture rates.
- Technological advancements in fishing practices that may improve yields.
- Market demand shifts and price fluctuations affecting profitability.
