A new repor
t from market research firm Companies and Markets is predicting “meager” growth in the U.K. seafood processing market for the next five years, with revenues hitting GBP 2.8 billion (USD 4.4 billion, EUR 3.3billion) by 2019.
The report defines the seafood processing market as “operators that fillet, can, preserve, salt, freeze and transform seafood into products that are purchased by supermarkets and specialist retailers, and sold to the food-service and catering sectors.”
The market has taken hits in the past five years from the economy, high input prices and volatile catch volumes, but the report predicts industry revenues to grow at a total rate of 0.3 percent through 2019.
“The minor growth achieved will stem from increased demand for seafood due to greater health consciousness,” according to the report. “However, the industry will struggle to overcome the effect of diminishing wild fish stocks and a higher level of imports.”
The report predicted developing fish farms will help in the long term, but will have little short-term effects.
t from market research firm Companies and Markets is predicting “meager” growth in the U.K. seafood processing market for the next five years, with revenues hitting GBP 2.8 billion (USD 4.4 billion, EUR 3.3billion) by 2019.The report defines the seafood processing market as “operators that fillet, can, preserve, salt, freeze and transform seafood into products that are purchased by supermarkets and specialist retailers, and sold to the food-service and catering sectors.”
The market has taken hits in the past five years from the economy, high input prices and volatile catch volumes, but the report predicts industry revenues to grow at a total rate of 0.3 percent through 2019.
“The minor growth achieved will stem from increased demand for seafood due to greater health consciousness,” according to the report. “However, the industry will struggle to overcome the effect of diminishing wild fish stocks and a higher level of imports.”
The report predicted developing fish farms will help in the long term, but will have little short-term effects.
