The forecast for frozen cuttlefish and bobtail squids production in capture fisheries for human consumption in the UK indicates a decline from 1.5 metric tons in 2024 to 1.43 metric tons by 2028. The production is set to decrease consistently by approximately 1.3% year-on-year between 2024 and 2028. This trend echoes a compound annual growth rate (CAGR) of around -1.2% over these years. In 2023, production stood slightly above 1.5 metric tons, marking the beginning of this forecasted downturn.
Future trends to watch for:
- Potential impact of climate change on marine life which could further affect production levels.
- Shifts in consumer preferences towards sustainable seafood, influencing demand and catch methods.
- Regulatory changes affecting fishing quotas and practices which could alter future production trends.