As of 2023, the whole fresh shellfish production in capture fisheries in the UK was valued at approximately 390 million Euros. From 2024 to 2028, the production value is expected to grow consistently, reaching 429.3 million Euros by 2028. This represents a compound annual growth rate (CAGR) of about 1.92%, reflecting modest yet stable expansion.
The year-on-year growth is expected as follows: 2024 onwards sees a steady increase, with each subsequent year demonstrating roughly a consistent growth percentage attributable to favorable industry conditions and steady demand.
Future trends to watch for:
- Potential impacts of post-Brexit trade agreements on fisheries.
- Environmental changes influencing shellfish habitats and yields.
- Technological advancements in sustainable fishing practices.
- Consumer trends shifting towards sustainable and locally sourced seafood.
