In 2023, household expenditure on frozen white fish in the UK was higher than projected future levels, with a noticeable declining trend from 2024 through 2028. From 2024 to 2025, the forecasted decline is approximately 8.5%, followed by a 8.7% reduction from 2025 to 2026. A consistent decrease is further evident from 2026 to 2027 dropping by 9.6%, and from 2027 to 2028 by 9.9%. Over the five-year period, the compound annual growth rate (CAGR) is negative, suggesting a sustained shrinkage in per capita expenditure.
Future trends to watch for include:
- Changes in consumer preferences towards alternative protein sources.
- Impact of economic factors on discretionary spending.
- Market innovations in frozen white fish products that could alter spending habits.
- Environmental and sustainability issues affecting fish supply and pricing.