The forecast for whole frozen shellfish production in the UK capture fisheries for human consumption shows a consistent decline from 2024 to 2028. In 2023, production was valued higher compared to subsequent years, indicating a downward trend in this market sector.
Year-on-year variations reveal a continual decrease in production value, with a notable decline from 2024 onwards, reflecting shifts in supply chain dynamics or consumer demand. The compound annual growth rate (CAGR) over the next five years underscores an average annual decline, suggesting a need for strategic adjustments by industry stakeholders.
Future trends to watch for include:
- Impact of environmental regulations on fishing practices.
- Changes in consumer preferences toward sustainable seafood options.
- Technological advancements in fishing and freezing methods.
