The production of fresh lumpfish from capture fisheries in the UK is forecasted to decline gradually from 2024 to 2028. The projected trend shows a steady year-on-year decrease of approximately 1.6% in value. In 2023, actual production stood at the last recorded value before the forecast, which serves as a basis for evaluating future variations. The compound annual growth rate over the five-year period is expected to reflect this consistent decrease.
Future trends to watch for include:
- Impact of regulatory changes on capture fisheries and potential shifts towards sustainable practices.
- Market demand changes for lumpfish stemming from evolving culinary trends or health-conscious consumer behavior.
- Effects of climate change on marine habitats, potentially influencing fish availability and distribution.