As of 2023, the production in capture fisheries of whole frozen squids, cuttlefishes, and octopuses in the UK stood at approximately 30.87 thousand Euros. From 2024 onwards, forecasts indicate a steady growth, with values increasing from 31.11 thousand Euros in 2024 to 32.06 thousand Euros by 2028. This represents a compound annual growth rate (CAGR) of about 0.97% over the five-year period. Year-on-year percentage growth reveals a consistent upward trend of roughly 0.77% annually.
Looking ahead, key trends for stakeholders to monitor include sustainable fishing practices and their impact on capture volumes, trade policies post-Brexit influencing export markets, and technological advancements improving harvest and processing efficiencies. Additionally, changing consumer preferences towards seafood biodiversity and conservation efforts may also play a pivotal role in shaping this sector's future.
