The production of frozen aquatic animals in capture fisheries in the UK is on a steady increase based on forecast data from 2024 to 2028. In 2023, production was significantly lower at 19.50 million euros. Over the upcoming years, production is set to grow at a rate of approximately 5% annually, moving from 21.395 million euros in 2024 to 25.322 million euros in 2028. The compound annual growth rate (CAGR) from 2024 to 2028 is a strong indicator of continuous growth in the sector.
Future trends to watch for include:
- Environmental regulations impacting capture fishery practices.
- Technological advancements in fisheries and storage impacting efficiency.
- Global demand shifts affecting export opportunities.
- Sustainability standards affecting market access and consumer preferences.
