In 2023, the value for gutted fresh lumpfish produced in UK capture fisheries was below the forecasted value for 2024, indicating growth. From 2024 to 2028, the forecast shows consistent year-on-year increases: 2.4% in 2025, 2.34% in 2026, 1.53% in 2027, and 2.26% in 2028. Over these five years, the compound annual growth rate (CAGR) is approximately 2.13%.
Future trends to watch for:
- Environmental policies affecting capture fisheries.
- Technological advancements in sustainable fishing practices.
- Market demand fluctuations influenced by consumer preferences.
