The production of fresh squids, cuttlefishes, and octopuses in UK capture fisheries for human consumption is forecasted to grow steadily from 2024 through 2028. In 2023, the production stood at 21.85 million euros. Based on the forecast, we see a year-on-year growth rate of approximately 1.77% from 2024 to 2025 and around 1.72% from 2025 to 2026. From 2026 to 2027, the expected increase is about 1.65%, while from 2027 to 2028, it's projected at 1.60%. The compound annual growth rate (CAGR) over the period from 2024 to 2028 is around 1.67%.
Future trends to watch for include:
- Sustainability practices impacting production methods.
- Changes in consumer preferences toward marine cuisine.
- Impact of Brexit adjustments on supply chain efficiencies.
- Fluctuations in EU-UK trade relations affecting price and demand.
