In 2023, the production of squids, cuttlefishes, and octopuses in the UK capture fisheries for human consumption was estimated at 21.8 million Euros. The forecast from 2024 to 2028 shows a steady growth in production value, starting at 22.249 million Euros in 2024, reaching 23.786 million Euros by 2028. This represents a year-on-year increase range of approximately 1.8% to 1.9% annually. The compound annual growth rate (CAGR) from 2024 to 2028 is approximately 1.67%.
Future trends to watch include potential impacts of climate change on marine ecosystems, regulatory changes post-Brexit affecting fishing quotas, and evolving consumer preferences, which may influence production strategies and international trade dynamics in the UK seafood industry.
