The UK frozen fish fillets market saw fluctuations from 2013 to 2023, starting at 158.52 million kilograms in 2013 and reaching 190.27 million kilograms in 2023. Notable year-on-year variations include a significant dip of 5.48% in 2014 and a substantial rise of 12.4% in 2018. Over the last two years, the market has grown moderately, with increases of 1.43% in 2022 and 1.39% in 2023. The compound annual growth rate (CAGR) over the past five years stands at 1.6%.
From 2024 onward, the market is forecasted to continue its upward trend, reaching approximately 203.85 million kilograms by 2028. The average annual growth rate for the next five years is projected to be 1.09%, with an overall growth rate of 5.55%.
Future trends to monitor include advancements in freezing technology, increasing consumer preference for healthier and sustainable food options, and potential impacts of regulatory policies on the fishing industry. Observing these factors could provide insights into the market's ongoing development and potential shifts in consumer demand.
