In 2023, the production of whole fresh cuttlefish and bobtail squids in capture fisheries in the UK was significantly valued compared to the forecasted data. The following years show a steady upward trend with incremental annual changes. From 2024 to 2028, there is a consistent annual growth, suggesting a positive outlook for this sector.
The projected year-on-year growth from 2024 to 2028 indicates the following percentage variations:
- 2025: 2.13% increase over 2024
- 2026: 1.83% increase over 2025
- 2027: 2.05% increase over 2026
- 2028: 1.76% increase over 2027
The compound annual growth rate (CAGR) for the period is moderate, averaging around 1.94% from 2024 to 2028, reflecting continued sector growth.
Future trends to watch for include shifts in global fishing policies, sustainability practices, and potential technological advancements in fisheries. Changing consumer demand for sustainable seafood may also influence the market trajectory.
