The frozen finfish production in capture fisheries for human consumption in the UK is projected to increase from 14.903 million euros in 2024 to 17.329 million euros in 2028. This represents a year-on-year growth of approximately 4.2% from 2024 to 2025, 3.9% from 2025 to 2026, 3.7% from 2026 to 2027, and 3.5% from 2027 to 2028. The compound annual growth rate (CAGR) over this period is estimated to be around 3.8%.
Future trends to watch for include:
- Potential impacts of Brexit-related changes in trade policies and regulations, which could affect market access and pricing.
- Technological advancements and sustainability practices that could influence production efficiency and eco-friendly certifications.
- Shifts in consumer preferences towards sustainable and traceable seafood products, potentially driving demand.