In 2023, the production of gutted frozen pouting bib in the UK capture fisheries stood at approximately 81.90 Euros. From 2024 onwards, forecasts indicate a consistent increase, with values rising from 85.57 Euros to 100.66 Euros by 2028. The year-on-year growth rates are as follows: 4.6% in 2025, 4.3% in 2026, 4% in 2027, and 3.8% in 2028. The compound annual growth rate (CAGR) from 2024 to 2028 is projected at around 4.4%, reflecting a solid upward trend.
Future trends to watch for:
- Regulatory changes impacting capture fisheries production.
- Technological advancements in freezing and storage processes.
- Fluctuations in demand driven by changing consumer preferences for frozen seafood.