The production value of fresh squids, cuttlefishes, and octopuses in capture fisheries for the UK is forecasted to steadily increase from 2024 to 2028. In 2023, the base stood at a value less than 3.78 thousand euros per metric ton. The annual growth rate is expected to rise by approximately 1.6% per annum over these five years. The compound annual growth rate (CAGR) for this period is estimated to be about 1.4%, indicating a gradually strengthening market.
Future trends to monitor include:
- Global seafood demand shifts impacting UK supply chains.
- Potential regulatory changes in fishing quotas affecting production capacity.
- Technological advancements improving capture and processing efficiency.
