In 2023, the UK's production of tails frozen shellfish in capture fisheries was at a reported level prior to forecasts. The forecasted production indicates a steady upward trend from 2024 to 2028, with production levels rising annually. From 2024 to 2025, an increase of approximately 6.0% is expected, followed by a 5.6% rise from 2025 to 2026. The upward trajectory continues with a 5.1% increase from 2026 to 2027 and 4.8% from 2027 to 2028. Notably, the compound annual growth rate (CAGR) over this five-year period is anticipated to be around 5.4%.
Future trends to watch for include:
- Potential impacts of climate change on marine ecosystems, affecting shellfish availability.
- Changes in regulations and their effects on fishing practices and quotas.
- Technological advancements in fishing techniques, likely enhancing efficiency and yields.
- Market demand dynamics driven by shifts in consumer preferences towards sustainable and locally sourced seafood.