Between 2013 and 2023, the Italian market for processed tuna, skipjack, and Atlantic bonito has shown a steady increase, particularly after a significant dip in 2014. The market size grew from around 798.81 million Euros in 2013 to 1229.5 million Euros in 2023, marking a 54% increase over the decade. The year-on-year growth over the last two years was stable, with 2.48% and 2.37% increases in 2022 and 2023 respectively. The compound annual growth rate (CAGR) for the past five years stands at 2.55%, indicating moderate but consistent growth.
Future trends to watch for:
- Continued emphasis on sustainable and traceable fishing practices as consumer awareness grows.
- Potential impacts of regulatory changes in the European Union affecting import and export dynamics.
- Shifts in consumer preferences towards plant-based seafood alternatives could influence future market growth.