In 2023, the value of frozen European seabass production in capture fisheries in the UK stood at 14.59 thousand euros per metric ton. From 2024 to 2028, the forecasted values indicate a steady increase, with a year-on-year growth projected at approximately 3.2% from 2024 to 2025, 3.1% from 2025 to 2026, 2.9% from 2026 to 2027, and 2.7% from 2027 to 2028. The compound annual growth rate (CAGR) over this period is estimated to be 3.0%.
Future trends to watch for:
- Environmental regulations impacting capture fisheries
- Technological advancements in fisheries management
- Shifts in consumer demand towards sustainable and local seafood products
- Impact of climate change on fish populations and distribution
