In 2023, the production of whole frozen aquatic animals in the UK capture fisheries for human consumption was 5.15 million euros. The forecast from 2024 to 2028 indicates a steady year-on-year growth, with variations as follows: 2024 to 2025 shows a 3.12% increase, from 2025 to 2026 a growth of 2.96%, 2026 to 2027 a rise of 2.81%, and 2027 to 2028 an increase of 2.68%. The Compound Annual Growth Rate (CAGR) over these five years is estimated at approximately 2.89%.
Future trends to watch for include:
- Enhanced sustainability practices within capture fisheries which might impact production costs and efficiency.
- Potential changes in consumer preferences towards fresher or alternative seafood products.
- Legislative or policy adjustments in the UK impacting fisheries operations and trade.