In the UK, the value of whole frozen crustaceans in capture fisheries for human consumption is projected to experience a steady increase from 2024 to 2028. Starting at 7.57 thousand Euros per metric ton in 2024, the industry is expected to reach 7.83 thousand Euros per metric ton by 2028. The year-on-year growth rates indicate a stable upward trend with a consistent annual increase in value. Prior to these forecasts, as of 2023, the industry stood at a slightly lower value, reflecting moderate growth into the projected period.
Future trends to watch for include potential impacts of climate change on crustacean habitats, technological advancements in fishing techniques, and changes in trade policies post-Brexit, which could influence both supply costs and market dynamics. Additionally, fluctuations in consumer demand for sustainable seafood alternatives could significantly affect market growth and pricing strategies.
