In 2023, the production of whole frozen crustaceans in capture fisheries in the UK stood at 1.2 million euros. The forecast from 2024 to 2028 shows a steady increase in production value, with a compound annual growth rate (CAGR) of about 4% over these five years.
Year-on-year percentage increases reveal consistent growth: approximately 5.2% from 2024 to 2025, 4.84% from 2025 to 2026, 4.53% from 2026 to 2027, and 4.25% from 2027 to 2028.
Future trends to watch for:
- Technological advancements in sustainable fishing practices that could further impact production volumes and efficiency.
- Potential changes in regulatory policies on fishing quotas and environmental changes affecting marine life.
- Fluctuations in global demand for crustaceans, in light of evolving consumer preferences and economic conditions.