In 2023, the import of fresh or chilled live octopus to the UK stood at an undisclosed baseline level. The forecast data suggests a steady increase in import volume, reaching 13.82 thousand kilograms by 2028 from 12.93 thousand kilograms in 2024. Year-on-year growth rates demonstrate a consistent upward trend: 1.78% in 2025, 1.75% in 2026, 1.64% in 2027, and 1.54% in 2028. The compound annual growth rate (CAGR) over these five years is around 1.68%, indicating moderate growth in demand.
Future trends to watch for in the UK octopus market include:
- Potential shifts in consumer preferences toward sustainable and traceable seafood sources.
- The impact of global seafood supply chain disruptions on import volumes and prices.
- Regulatory changes in the UK regarding seafood imports and their potential effects on market dynamics.