In 2023, the sold production of fresh or chilled fish fillets and other fish meat in the UK was valued at approximately 727 million Euros. Forecasts indicate a consistent upward trend from 2024 to 2028, starting at 741.46 million Euros in 2024 and reaching 798.13 million Euros by 2028, showing a compound annual growth rate (CAGR) of around 1.9% over these years. Year-on-year growth is expected to range between 1.9% to 1.8%, indicating steady market expansion.
Future trends to watch for include:
- Potential changes in consumer preferences, such as increasing demand for sustainably sourced and processed fish products.
- Impact of regulatory changes on the fishing industry, potentially influencing production and pricing.
- Technological advancements in fisheries management and processing that could enhance efficiency and output.
- Effects of climate change on fish stocks and industry supply chains.
