The forecast for gutted fresh cods, hakes, and haddocks production in capture fisheries for human consumption in the UK indicates a modest upward trend. Production values rise gradually from 43.265 million euros in 2024 to 43.695 million euros in 2028, pointing towards a steady growth in this sector. As of 2023, the production stood slightly below these forecasted values, showing a consistent increase in years to come. The year-on-year growth increments reflect a positive trajectory, suggesting stable demand and production capabilities. The compound annual growth rate (CAGR) over the next five years forecasts a steady increase.
Future trends to watch:
- Potential impact of regulatory changes in fishing quotas and environmental policies.
- Consumer preference shifts towards alternative fish sources amidst sustainability concerns.
- Technological advancements in fishing and processing that could enhance production efficiency.