In 2023, the production of frozen megrims in the UK for human consumption was 3.34 metric tons. Over the forecast period from 2024 to 2028, an upward trend is anticipated. The production is projected to increase from 3.55 metric tons in 2024 to 4.38 metric tons in 2028. The average annual growth rate over these five years, known as the Compound Annual Growth Rate (CAGR), is expected to be approximately 5.3%.
Future trends to watch for include:
- Regulatory changes that might impact fishing quotas or sustainability practices.
- Market demand fluctuations driven by shifting consumer preferences or dietary trends.
- Technological advancements in fishing and processing that could increase efficiency.
