In 2024, the forecast for fresh queen snapper production in capture fisheries in France is estimated at 9.09 thousand euros per metric ton, showing a decline in value over the subsequent years to 8.71 thousand euros per metric ton by 2028. Given the consistent annual decrease, the projected compound annual growth rate (CAGR) from 2024 to 2028 is negative, reflecting a gradual decline in value.
The forecast highlights several critical trends to monitor:
- Sustainability practices affecting capture fisheries.
- Regulatory changes impacting fishing techniques and quotas.
- Market demand fluctuations, potentially driven by consumer behavior shifts towards alternative seafood options.
- Technological advancements that may enhance efficiencies or reduce costs in production.
