In 2023, the gross income of seafood in the UK stood at 163.0 million pounds sterling. Forecasts indicate a steady upward trend with gross income reaching 173.0 million by 2028. Year-on-year growth is consistent at approximately 1.2% over the forecasted period from 2024 to 2028. This reflects positive but moderate growth in the sector, with a Compound Annual Growth Rate (CAGR) of approximately 1.2% over the five-year period.
Future trends to watch for include:
- Consumer preference shifts towards sustainable sourcing.
- Potential impacts of post-Brexit trade policies on supply chains.
- Market dynamics influenced by changes in global seafood demand.
