The forecast for Frozen Atlantic Herring production for human consumption in the UK shows a consistent annual increase from 2024 to 2028, rising from 3.47 thousand metric tons to 3.84 thousand metric tons. This series reflects a steady growth pattern year-on-year: a 2.88% increase from 2024 to 2025, a 2.52% increase from 2025 to 2026, a 2.46% increase from 2026 to 2027, and a similar increase from 2027 to 2028. The compound annual growth rate (CAGR) over the five-year forecast period from 2024 to 2028 is approximately 2.59% per year.
Future trends to watch for include:
- Potential impacts of climate change on herring populations and their subsequent effects on production volumes.
- Shifts in consumer preferences towards sustainable and local seafood, influencing demand.
- Technological advancements in fisheries that could improve capture efficiency and yield.
- Regulatory changes in UK fisheries management post-Brexit.