The forecast for Velvet Belly production in capture fisheries in France shows a steady increase from 0.9 metric tons in 2024 and 2025 to 1 metric ton in 2026. Continued growth is observed with 1.1 metric tons predicted for 2027 and 1.2 metric tons for 2028. In 2023, production stood at 0.8 metric tons, indicating gradual but consistent growth.
Year-on-year variation indicates no change from 2024 to 2025 (0%), a 11.11% increase from 2025 to 2026, a 10% increase from 2026 to 2027, and a 9.09% increase from 2027 to 2028. The compound annual growth rate (CAGR) over this five-year period is approximately 8.1%.
Future trends to watch for include:
- Environmental regulations that might impact capture fisheries
- Technological advances in fishing methodologies
- Shifts in consumer demand for sustainable seafood products