In 2023, the value of fresh lumpfish production for human consumption in the UK fisheries industry was estimated at approximately 3.20 thousand Euros per metric ton. The forecasted data from 2024 to 2028 suggests a steady increase in value, starting at 3.36 thousand Euros per metric ton in 2024 up to 4.01 by 2028. Year-on-year, the value is anticipated to grow modestly by about 4-5%. The compound annual growth rate (CAGR) for the 2024-2028 period is expected to be around 4.4%.
Future trends to watch for:
- Changes in consumer demand for lumpfish, potentially driven by culinary trends or health advisories.
- Impacts of geopolitical factors or environmental policies affecting capture fisheries.
- Technological advancements in fishing and processing impacting supply efficiency.
