The UK’s frozen, filleted seafood production for human consumption in capture fisheries is projected to grow steadily from 2024 to 2028, with values rising from 8.21 to 9.26 thousand euros per metric ton. In 2023, this value stood at 8.01, indicating consistent growth. The year-on-year growth demonstrates an average annual increase around 3%. Over the past two years, a noticeable growth trend continues, indicating a positive outlook with a compound annual growth rate (CAGR) of approximately 3% over the next five years.
Future trends to watch for include:
- Impact of climate change on fishery yields
- Regulations affecting capture fisheries
- Technological advancements in seafood processing and freezing
- Consumer preferences towards sustainable and traceable seafood sources
