In 2023, the whole frozen seafood production in the UK's capture fisheries for human consumption stood at 5.150 million Euros. From 2024 to 2028, forecasted data shows a consistent growth with expected figures at 5.314 million Euros in 2024, reaching 5.958 million Euros by 2028. Year-on-year growth rates are approximately 3% to 3.3% annually, with a compound annual growth rate (CAGR) of about 3% over the five-year forecast period from 2024 to 2028.
Future trends to watch for include:
- Influences of sustainability measures and regulatory changes on production levels.
- Technological advancements driving efficiencies in harvesting and processing.
- Impact of climate change on fish stock availability and geographic distribution.
- Shifts in consumer preferences towards more sustainable seafood choices.