In 2023, the gutted fresh seafood production in capture fisheries in the UK was valued at approximately 104.7 million Euros. The forecast for 2024 shows an anticipated growth to 105.1 million Euros, signifying a steady increase in production capacity. Over the forecast period from 2024 to 2028, production is expected to grow gradually by approximately 0.4% annually, culminating in a value of 106.68 million Euros by 2028. This equates to a compound annual growth rate (CAGR) of approximately 0.47% over the five-year period.
Future trends to watch for include:
- Potential impacts of Brexit on fishery policies and access to fishing grounds.
- Environmental sustainability measures and their effects on production levels.
- Technological advancements in capture efficiency and processing.
- Changes in consumer preferences towards sustainable and traceable seafood.
