In 2023, the production of whole fresh Great Atlantic scallops in the UK for capture fisheries intended for human consumption stood at 52.3 million Euros. The forecasted values show a steady year-on-year increase, with a growth of approximately 1.77% from 2024 to 2025, 1.70% from 2025 to 2026, 1.64% from 2026 to 2027, and 1.58% from 2027 to 2028. The compound annual growth rate (CAGR) from 2023 to 2028 is estimated to be approximately 1.66%, indicating moderate yet consistent growth in the industry.
Future trends to watch for:
- Potential impacts of evolving environmental regulations and sustainability practices on production rates.
- Technological advancements in fishing and processing techniques that may affect efficiency and yield.
- Market demand fluctuations in response to changing consumer preferences and economic conditions.