In 2023, the total European smelt production in capture fisheries for human consumption in the UK stood at a value that prefaced an upward trend. From 2024 onwards, forecasts indicate a steady increase in value annually, starting at 2.08 thousand euros per metric ton and reaching 2.37 thousand euros per metric ton by 2028. This represents a consistent year-on-year growth, fostering a positive outlook for the industry. Over this forecast period, the compound annual growth rate (CAGR) provides an insight into the average annual change.
- Future trends to watch for include sustainability initiatives and modifications in regulatory policies which may impact production practices.
- Industry growth may also be influenced by demand for sustainable seafood options and advancing technologies in fisheries.
