The forecast for fresh Great Atlantic scallop production in the UK capture fisheries shows a steady increase over the next five years. In 2024, the value is projected at €2.71 thousand per metric ton, with slight annual increments reaching €2.78 thousand by 2028. This consistent upward trend indicates a stable market with modest growth.
The year-on-year variation reveals marginal increases between 0.37% to 0.74%, reflecting a positive outlook for the industry. Given that this forecast is based on data up to 2023, observing the CAGR helps quantify the average annual growth rate as consistently positive over this five-year horizon.
Future trends to watch for include potential impacts of policy changes related to fisheries, climate change affecting marine ecosystems, and shifts in consumer demand for sustainable seafood. Moreover, advancements in fishing technologies and global market dynamics could play crucial roles in shaping the industry’s trajectory.
