In 2023, production of whole frozen squids, cuttlefishes, and octopuses for human consumption in UK capture fisheries was valued slightly below the 2024 forecast. From 2024 to 2028, projections indicate a gradual increase annually with a compound annual growth rate (CAGR) across this period being modest, showcasing steady growth in the market.
Key future trends to watch include:
- Potential shifts in consumer preferences impacting demand.
- Environmental regulations affecting capture fisheries operations.
- Technological advancements improving processing efficiency.
- Impact of climate change on marine life populations.
- Trade policies influencing market access and competition.
