In 2023, the production of gutted fresh starry smoothhound for human consumption in the UK stood at an actual volume which has been increasing steadily. Forecasts from 2024 to 2028 suggest a continuous upward trend in production value, with projected year-on-year increases ranging from approximately 6.5% to 5%. The compound annual growth rate (CAGR) over this period is expected to be about 5.7%, indicating a healthy growth trajectory in the industry.
Future trends to watch:
- Environmental impacts on marine ecosystems influencing catch sizes and sustainability.
- Regulatory changes and their effects on fishing quotas.
- Shifting consumer preferences regarding seafood consumption.
- Technological advancements in fishing and processing efficiencies.