In 2023, fresh crustaceans production in the UK’s capture fisheries for human consumption stood at an equivalent value of 118 million Euros. The forecasted data from 2024 to 2028 shows a gradual increase from 119.98 million Euros to 125 million Euros, indicating a steady annual growth rate. On average, the anticipated Compound Annual Growth Rate (CAGR) over the five-year period is moderate, an indication of consistent demand and improved efficiencies in fisheries.
Future trends to watch for include:
- Impact of Brexit and policy changes on export opportunities and seafood tariffs.
- Environmental regulations affecting capture methods and sustainability practices.
- Technological advancements in fishing that could potentially boost yields.