The production value of fresh Great Mediterranean Scallop in France has experienced substantial fluctuations over the past decade. Notably, there were dramatic increases in 2016 and 2021, followed by significant declines in 2015 and 2022. By 2023, the production value stood at 22.23 thousand euros, indicating a YoY increase of 108.74%. Over the last two years, the average growth has been at 12.55%. The 5-year CAGR from 2019 to 2023 was at 11.53%, reflecting a period of overall positive growth despite the volatility. Forecasts suggest a steady increase with a moderate 5-year CAGR of 3.7%, reaching 28.1 thousand euros by 2028.
Future trends to watch for include:
- Impacts of climate change on scallop habitats.
- Advancements in sustainable fishing practices.
- Market demand shifts due to consumer preferences for sustainable seafood.
- Regulatory changes affecting capture fisheries.
