In 2023, the value of frozen seafood production in capture fisheries for human consumption in the UK stood below the forecasted 2024 figure of 1.97 thousand euros per metric ton. From 2024 to 2028, the projected values indicate a consistent annual growth pattern, with increases noted each year. Specifically, the data forecasts a rise from 1.97 in 2024 to 2.2 in 2028, highlighting gradual expansion in the sector. This represents a year-on-year growth rate between approximately 3% and 4%, with a compound annual growth rate (CAGR) over the five years.
Future trends to watch for include:
- The impact of environmental regulations and policies on frozen seafood production.
- Developments in sustainable fishing practices affecting supply and pricing.
- Changes in consumer preferences and demand for frozen seafood.
