The forecast for gutted frozen seafood production in the UK's capture fisheries indicates a modest but steady increase from 2024 to 2028. In 2023, the value stood slightly below the 2024 forecast. Year-on-year growth is marginal, with increases ranging around 1% annually. Over the next five years, a compound annual growth rate (CAGR) of around 1% is expected. This gradual upward trend reflects modest growth in the seafood production industry's value per metric ton.
Future trends to watch for include:
- Potential impacts of regulatory changes post-Brexit on fishing quotas and market access.
- Technological advancements in sustainable fishing practices.
- Global economic factors influencing seafood demand and pricing dynamics.
