In 2023, the production of whole fresh wrasses and hogfishes in capture fisheries for human consumption in France stood at a baseline from which future figures will measure growth.
Forecasts from 2024 to 2028 indicate a modest upward trend in production volume, showing a consistent year-on-year increase in metric tons. For example, by 2028, the forecast indicates an expected production increase compared to 2024 levels, suggesting a steady rise in consumer demand or enhanced capture capabilities.
The Compound Annual Growth Rate (CAGR) calculation over this five-year period reveals a positive but gradual average growth, reflecting a stable industry environment without major fluctuations.
Future trends to watch for include:
- Potential impacts of environmental policies on capture fisheries.
- Technological advancements in fishing that might influence production volumes.
- Changes in consumer preferences for seafood, which could drive demand up or down.
- Global market conditions and their influence on local capture fisheries economics.