Forecast: Value Added of Seafood in the UK

In 2024, the forecasted value added of seafood in the UK is projected to be 655.0 million pounds. This figure is expected to grow steadily each year, reaching 676.0 million pounds by 2028. From 2024 to 2025, the year-on-year growth rate is 0.76%, followed by a slightly higher increase of 0.91% from 2025 to 2026. The trend continues with a consistent growth rate of around 0.75% per year, averaging an annual compound growth rate (CAGR) of approximately 0.77% over the five-year period.

Key trends to watch for in the future include:

  • Emerging consumer preferences for sustainable and ethically sourced seafood.
  • Technological advancements in aquaculture improving yield and efficiency.
  • Potential impacts of post-Brexit trade agreements on the seafood market.
  • Growing awareness and concern over marine conservation and its influence on supply chains.
  • Shifts in dietary habits towards plant-based and alternative proteins, potentially moderating growth in traditional seafood demands.

Top Countries about Seafood