In 2023, the production value of Fresh American Plaice and long Rough Dab in the UK's capture fisheries for human consumption was the baseline for forecasting the subsequent years, standing at a historic low point. The forecasts from 2024 to 2028 reveal anticipated steady growth, with year-on-year increases averaging around 6.2%. The Compound Annual Growth Rate (CAGR) over this five-year period is projected at approximately 5.8% due to rising demand and improved fishing practices.
Future trends to watch for include:
- Sustainability initiatives driving efficiency in capture methods.
- Emerging technologies enhancing traceability and product quality.
- Fluctuations in market demand related to changing consumer preferences for seafood.