In 2023, Fresh Atlantic Bonito production in Italy was at a certain value in million Euros, from which we are witnessing a progressive decline as forecasted from 2024 to 2028. Self-reported data reveals a consistent decrease year-on-year: a drop of approximately 6.5% in the first year, followed by a similar reduction for successive years, leading to a compound annual growth rate (CAGR) of around -7% over this five-year span.
Future trends to watch for:
- Impact of climate change on fish stock availability.
- Potential increases in fishery regulations or quotas impacting supply.
- Technological advancements in fishing practices.
- Shifts in consumer preferences affecting market demand.
