In 2023, the production value of frozen blue and red shrimp in Italy’s capture fisheries stood at a certain baseline. Forecasts indicate a consistent year-on-year increase: 2.53% in 2025, 2.44% in 2026, 2.36% in 2027, and 2.28% in 2028. The Compound Annual Growth Rate (CAGR) over the forecast period from 2024 to 2028 is approximately 2.40%, signifying steady growth overall. This suggests a positive outlook for the industry.
Future trends to watch for include:
- Impact of environmental regulations on capture fisheries.
- Shifts in consumer preferences toward sustainable and ethical seafood.
- Technological advancements in fishing and processing that could enhance efficiency.
- Global market conditions affecting demand and pricing.