In 2023, whole fresh cuttlefish and bobtail squid production in capture fisheries in the UK stood at 19.1 million euros. The forecast data from 2024 to 2028 indicates a steady growth, with the production value anticipated to increase from 19.499 million euros in 2024 to 21.424 million euros in 2028. This represents a year-on-year growth ranging from approximately 2.5% to 2.3% each year over this period.
The compound annual growth rate (CAGR) from 2024 to 2028 is projected to be around 2.4%, showcasing a consistent upward trend in the sector.
Looking ahead, key trends to monitor include environmental and regulatory changes impacting marine biodiversity, potential advancements in sustainable fishing practices, and shifts in consumer demand for seafood, which could influence production dynamics.
