The UK's production of tails from frozen aquatic animals in capture fisheries for human consumption is forecasted to increase steadily from 2024 to 2028, starting at 473.68 metric tons in 2024 and rising to 588.18 metric tons by 2028. Comparing these figures to actual data from 2023, there is a clear upward trend, with year-on-year growth as follows: 2024-2025 (6.23%), 2025-2026 (5.75%), 2026-2027 (5.33%), and 2027-2028 (4.95%). The compound annual growth rate (CAGR) for the five-year forecast period is approximately 5.35%.
Future trends to watch for include:
- Technological advancements in freezing and storage methods.
- Regulatory changes affecting capture fisheries.
- Shifting consumer preferences towards sustainable seafood options.
- Impact of climate change on aquatic habitats influencing production levels.
