In 2023, fresh shrimp production from capture fisheries in the UK stood at an estimated 388 metric tons. Forecasted data from 2024 indicates a consistent year-on-year decline in production, with a notable decrease of 9.1% from 2023 to 2024, and projected annual declines continuing through 2028. Over the five-year period from 2023 to 2028, the compound annual growth rate (CAGR) is projected to reflect a steady reduction, averaging a 10.3% decline per year.
Future trends to watch for:
- Environmental impacts and regulatory changes that could further influence capture fisheries.
- Technological advancements in aquaculture potentially shifting market dynamics.
- Evolving consumer preferences toward sustainably sourced seafood.