In 2023, the production value for fresh trouts, smelts, and salmons in the UK capture fisheries sector was recorded at a baseline level. From 2024 onwards, forecasts indicate a steady annual increase in the value of production. Specifically, the value is projected to increase by 2.34% in 2025, followed by increases of approximately 2.21%, 2.09%, and 2.04% in the subsequent years up to 2028. Over the five-year forecast period, the compound annual growth rate (CAGR) is anticipated to be 2.17%.
Future trends to watch for include:
- Potential impacts of environmental regulations on fishing practices.
- Shifts in consumer preferences towards sustainable and locally sourced seafood.
- Technological advancements in fisheries affecting production efficiency and costs.