In 2023, the sea urchin production value for human consumption in the UK stood at approximately 1.85 thousand Euros. The forecast for 2024 shows a 7% increase to 1.98 thousand Euros.
Year-on-year, sea urchin production value is projected to grow by 6.6% from 2024 to 2025, followed by annual increases of around 5.7% continuing through to 2028. This steady growth results in a compound annual growth rate (CAGR) of about 6.1% over the five-year forecast period (2023-2028).
Future trends to watch for:
- Increasing demand for sustainable seafood, including sea urchins, could influence production methods and output.
- The impact of policy changes and Brexit on the fisheries sector may alter trade dynamics.
- Technological advancements in aquaculture could improve productivity and revenues.