In 2023, deepwater longtail red snapper production in capture fisheries for human consumption in France was at 3.2 metric tons. Forecasts anticipate a steady increase: 2024 at 3.6 metric tons, 2025 at 4.1 metric tons, 2026 at 4.4 metric tons, 2027 at 4.7 metric tons, and 2028 reaching 5 metric tons. This represents a year-on-year growth of approximately 13.9% from 2024 to 2025, 7.3% from 2025 to 2026, 6.8% from 2026 to 2027, and 6.4% from 2027 to 2028. The five-year compound annual growth rate (CAGR) is forecasted at 9.07%.
Future trends to watch for:
- Demand fluctuations due to shifts in consumer preferences and potential economic changes.
- Environmental regulations and their impacts on fishing practices.
- Technological advancements in sustainable fishing to potentially boost production efficiency.
- Market developments related to price and global trade dynamics influencing French fisheries.