In 2023, the UK recorded an actual production of frozen Atlantic cod for human consumption valued at approximately 5.3 million Euros. The forecast data from 2024 to 2028 shows a steady year-on-year increase, with values expected to reach 6.1571 million Euros by 2028. Specifically, the annual growth rates indicate a consistent rise of around 3% between 2024 and 2028. Over the five-year period, the compound annual growth rate (CAGR) is estimated at approximately 3.1%, reflecting a stable upward trajectory in production value.

Key future trends to watch include:

Potential shifts in consumer preferences towards sustainable seafood options which may influence demand for wild-caught versus farmed fish.
Regulatory changes in fishery management, which could impact the availability and pricing of Atlantic cod.
Technological advancements in freezing and distribution that may enhance the cod supply chain efficiency.