In 2023, the frozen finfish production in the UK capture fisheries was at 18.842 million Euros. From 2024 to 2028, the forecasted data shows a steady increase in production value, growing from 19.767 to 23.379 million Euros. The year-on-year growth rate from 2024 through 2028 indicates a consistent upward trend, with the production value rising by approximately 4.71% from 2024 to 2025, 4.41% from 2025 to 2026, 4.14% from 2026 to 2027, and 3.89% from 2027 to 2028. The compound annual growth rate (CAGR) over these five years is projected to be around 4.42%.
Future trends to watch for:
- Impact of sustainability practices on capture fisheries output.
- Effects of regulatory changes post-Brexit on export demands.
- Advancements in technology improving efficiency in fish capture and processing.
- Shifts in consumer preferences towards sustainable seafood options.
