The forecast for household expenditure on frozen shellfish in the UK anticipates gradual growth from 2024 to 2028. Starting at 5.11 Pence Sterling per capita per week in 2024, the expenditure is projected to increase modestly each year, reaching 5.24 by 2028. Year-on-year increases are slight, reflecting stability in consumer spending patterns. The Compound Annual Growth Rate (CAGR) over the five-year period is indicative of the stable and slight upward trend.
Future trends to watch for include:
- Potential impacts of inflation on food prices, which could alter spending habits.
- Shifts in consumer preferences towards fresh over frozen seafood owing to lifestyle changes and increased health consciousness.
- Effects of post-Brexit trade relationships on supply chain and pricing dynamics for seafood imports.
