In 2023, the production value of headed gutted fresh European hake in the UK's capture fisheries stood at a historical rate, setting the baseline for the following forecasts. From 2024 to 2028, the predicted growth demonstrates a consistent year-on-year increase: 1.42% from 2024 to 2025, 1.12% from 2025 to 2026, 1.38% from 2026 to 2027, and 1.09% from 2027 to 2028. The compound annual growth rate (CAGR) over these five years is approximately 1.25%.

Future trends to watch for:

Potential impacts of climate change on hake populations, affecting supply levels and pricing.
Policy changes in fisheries management within the UK and EU post-Brexit.
Technological advancements in sustainable fishing practices.
Shifts in consumer demand for sustainable and locally sourced seafood.