In 2024, the forecast suggests a decline in whole fresh shrimp production value from capture fisheries for human consumption in the UK. The value is expected to drop from 2.09 in 2024 to 1.72 by 2028, representing a compound annual growth rate (CAGR) decline over the period. Analyzing the year-on-year decrease, the values show a steady decline from 2024 to 2028. In 2023, the actual value data indicated a downtrend which the forecast for subsequent years continues to reflect, pointing to a sustained decrease in production value over these years.
Future trends to watch for include:
- Potential impact of climate change on shrimp habitats affecting supply.
- Regulatory changes and their influence on capture fisheries.
- Market demand shifts towards sustainable and farmed seafood alternatives.
