The forecast for Whole Fresh Northern Quahog production in the UK's capture fisheries shows a steady increase in value from 2024 to 2028, demonstrating a positive growth trajectory. From 2024 to 2025, the expected year-on-year growth is approximately 3.1%. In the following years, growth rates are 2.8% from 2025 to 2026, 2.9% from 2026 to 2027, and 2.5% from 2027 to 2028. The compound annual growth rate (CAGR) for the five-year forecast period averages about 2.8% per year, suggesting consistent demand and market stability for this seafood product.
Future trends to watch for:
- Changes in consumer preferences towards sustainable seafood could impact demand.
- Environmental factors and regulations affecting capture fisheries could influence production volumes and pricing.
- Technological advancements in fisheries might drive efficiencies and cost reductions.