In 2023, the whole fresh sardine production for industrial processing in France stood at approximately 309 metric tons. From 2024 to 2028, the production is forecasted to increase steadily from 316.7 to 351 metric tons. The year-on-year growth indicates a gradual upward trend with annual increases ranging from 2.7% to 3.1%. The Compound Annual Growth Rate (CAGR) over this five-year forecast period remains robust at 2.52%.
Future trends to watch for:
- Exploration of factors driving the increase in sardine demand for industrial processing.
- Impact of sustainable fishing regulations on production capabilities.
- Technological advancements in capture fisheries improving efficiency and yield.
- Potential market shifts due to climate change affecting marine ecosystems.