Over the past decade, the Sold Production of Frozen Fish in the UK has experienced significant fluctuations. From 2013 to 2018, the market saw a steady decline with occasional upticks, such as in 2015. However, the most notable drop occurred between 2017 and 2018, with a nearly 47% decrease. In recent years, from 2019 to 2023, the trend continued downward, although at a slower pace. By 2023, the market stood at 77.045 Million Euros, down over 8% from the previous year.
Future trends indicate a continued decline. Forecasts for the next five years suggest an average yearly decrease (CAGR) of approximately 10% and an overall reduction of 40% by 2028. The frozen fish market is expected to be at 41.699 Million Euros by the end of this forecasted period.
Future trends to watch for:
- Shifts in consumer preferences towards fresh or alternative protein sources.
- Impacts of environmental and sustainability concerns on fish production and consumption.
- Technological advancements and innovations in food preservation and packaging.
- Regulatory changes affecting the fishing industry and seafood imports.
