In 2023, the value of fresh periwinkles production in capture fisheries in the UK stood at approximately 1.3 Thousand Euros per Metric Ton. The forecast from 2024 to 2028 indicates a continual decline in value, with a year-on-year decrease averaging 5-7%. By 2028, the projected value is 0.91873, reflecting overall shrinking profitability in the industry. The Compound Annual Growth Rate (CAGR) over the five-year forecast period shows a consistent downward trend, averaging a 6.8% decrease per annum.
Future trends to watch for include potential regulatory changes that might affect capture fisheries, shifts in consumer preferences toward sustainable seafood, and the impact of climate change on marine biodiversity. Additionally, technological innovations and efficiency improvements in the aquaculture sector may provide competitive challenges or opportunities for periwinkles capture fisheries.
