The seafood farming sector in the UK experienced a value of 1.234 billion Euros in 2023. Forecasted data from 2024 onwards shows a steady year-on-year growth. The value increases from 1.265 billion Euros in 2024 to 1.3689 billion Euros by 2028. Year-on-year percentage variations are as follows:
• 2024: 2.51%
• 2025: 2.11%
• 2026: 2.04%
• 2027: 1.95%
• 2028: 1.87%
The Compound Annual Growth Rate (CAGR) over the five-year period is approximately 2.10%, indicating a modest but consistent increase in market value.
Future trends to watch for include advancements in aquaculture technology, sustainable farming practices, and the potential impacts of regulatory changes related to environmental standards and fishing quotas. These factors could influence growth rates and market dynamics moving forward.
