The production of squids, cuttlefishes, and octopuses in the UK's capture fisheries is forecasted to gradually increase from 9.9 thousand metric tons in 2024 to 10.69 thousand metric tons by 2028. Given the 2023 production levels were just above 9.5 thousand metric tons, the sector is expected to experience a year-on-year growth of approximately 2% during this period. The compound annual growth rate (CAGR) over the upcoming five years is projected to be approximately 1.85%.
Future trends to watch for include potential shifts in consumer demand, the impact of climate change on marine ecosystems, and advancements in sustainable fishing practices. Monitoring these variables will be essential for anticipating further changes in production levels.
