In 2023, the value of Tails Fresh Finfish production in capture fisheries in the UK was EUR 8.356 million. The forecast for the subsequent years indicates a gradual decline: EUR 8.1959 million in 2024, EUR 8.0135 million in 2025, EUR 7.8347 million in 2026, EUR 7.6595 million in 2027, and EUR 7.4878 million in 2028. This represents a year-on-year decrease of approximately 2% each year over the five-year period, with a compound annual growth rate (CAGR) of approximately -2.00% from 2024 to 2028.
Future trends to watch for in the UK capture fisheries market include:
- Impact of regulatory changes on fishing quotas and practices.
- Technological advancements in sustainable fishing methods.
- Shifts in consumer preferences towards locally sourced or eco-friendly seafood.
- Potential economic impacts from trade policies or market access changes post-Brexit.