In 2023, household expenditure on dried, salted, or smoked blue fish in the UK stood at 13.73 pence sterling per capita per week. From a forecasted perspective from 2024 to 2028, there is a consistent year-on-year increase in spending, with growth rates of approximately 2.8% annually. The compound annual growth rate (CAGR) over the five years from 2024 to 2028 is projected to be 2.7%.
Future trends to watch for:
- Potential shifts in consumer preferences towards more sustainable or alternative seafood products, which could impact expenditure patterns.
- Economic factors such as inflation or exchange rates that could influence purchasing power and expenditure levels.
- Regulatory changes affecting the blue fish fishing industry, possibly affecting supply and pricing.