Forecasts suggest that the UK's total Atlantic Cod production in capture fisheries for human consumption will increase progressively, with values rising from approximately €21 million in 2024 to more than €24 million by 2028. When looking at year-on-year growth, the production value is expected to experience commendable increases, consistent with rising demand and sustainable fisheries policies. Notably, there is a positive compounded annual growth rate over the five-year forecast, indicating steady growth in the sector.
Future trends to watch for include:
- Impact of climate change on fish populations and distribution.
- Adoption of more sustainable fishing practices.
- Potential changes in regulatory policies impacting fishery practices and production costs.
- Adjustments in consumer preferences potentially affecting demand for sustainable seafood.