In 2023, frozen shellfish production in capture fisheries for human consumption in the UK stood at €192,000. From this baseline, the forecast data indicates a consistent downward trend over the next five years, with the value of production expected to decrease from €185.49k in 2024 to €158.05k by 2028. This represents a year-on-year decline, with an approximate compound annual growth rate (CAGR) reflecting a negative growth, driven by factors likely including environmental regulations, market dynamics, and consumer preferences shifts.
Future trends to watch for include:
- Potential shifts in consumer demand towards sustainable and locally sourced shellfish variety.
- Impact of post-Brexit trade regulations on shellfish exports and imports.
- Technological advancements in aquaculture possibly influencing natural shellfish capture.