In 2023, the volume per capita for fish fillets in batter or breadcrumbs, including fish fingers, in the UK was 1.70 kilograms. The forecast for 2024 is 1.71 kilograms, with annual increases projected to reach 1.76 kilograms by 2028. This shows a slow yet steady growth trend over the forecast period. The year-on-year growth rates are quite modest, averaging around 0.29% annually from 2024 to 2028. The compound annual growth rate (CAGR) for the five-year period is approximately 0.29%, indicating consistent but limited growth potential in this segment.
Future Trends to Watch:
- Increasing consumer preference for convenient and ready-to-cook meal options could potentially boost consumption.
- Health trends and sustainability concerns might impact consumer choices towards more eco-friendly and health-oriented fish products.
- Market dynamics such as pricing, availability of alternative products, and innovation in flavors or packaging could influence future growth.