The forecast for the frozen common squids production in capture fisheries for human consumption in the UK shows a steady increase from 2024 to 2028, with a consistent year-on-year growth rate of approximately 3.13%. In 2023, the value stood below 2024 levels, indicating a positive growth trajectory over the upcoming years. Over a five-year horizon, the compound annual growth rate (CAGR) reflects a persistent rise, suggesting a favorable market trend.
Future trends to watch for include:
- Potential impact of environmental regulations on squid supply and fisheries.
- Changes in consumer demand for seafood, particularly with health and sustainability considerations.
- Technological advancements in capture and processing that could influence production efficiency.