The forecasted household expenditure on fresh or chilled salmon in the UK from 2024 to 2028 shows a consistent year-on-year growth. Starting from 18.6 pence per capita per week in 2024, it rises progressively to 20.19 pence by 2028. The year-on-year percentage increase hovers around 2% to 2.3%, indicating a steady upward trend. The compound annual growth rate (CAGR) over this forecast period is indicative of healthy market demand.
Future trends to watch for:
- Changing consumer preferences towards healthy protein sources could drive further demand for salmon.
- Price fluctuations due to supply chain challenges or ecological factors could impact expenditure levels.
- Innovation in salmon products and increased sustainability efforts might influence consumer preferences.