The UK’s forecast for fresh Great Atlantic scallop production in capture fisheries indicates a steady growth from 2024 to 2028, with values rising approximately by 1% per year in million Euros. In 2023, the actual value for this production stood at about 51.2 million Euros. The consistent increase reflects a healthy market demand and stable supply, averaging a 1.12% annual growth rate (CAGR) over these years.
Looking forward, key trends include:
- Potential impacts of climate change affecting marine environments.
- Market shifts due to changing consumer preferences towards sustainable and locally-sourced seafood.
- Regulatory changes in fishing quotas and sustainability measures.