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Over the five years through 2024-25, industry revenue is projected to drop at a compound annual rate of 2.1% to just over £1.2 billion, owing to a sharp dip in revenue over 2020-21 due to COVID-19-related disruptions causing seafood prices to sink along with catch volumes, despite a quick recovery the following year. In 2024-25, marine fishing revenue is expected to hike by 2.5%, supported by persistently high seafood prices and a steady landed volume of most seafood products. Rising health consciousness has propped up fish consumption, driving sales for marine fishermen despite high seafood prices. However, inflationary pressures have reduced the number of consumers eating out, which is eroding sales to wholesalers and constraining revenue growth. Ongoing competition from the Aquaculture industry will also constrain fishers’ sales.
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IBISWorld's research coverage on the Marine Fishing industry in the United Kingdom includes market sizing, forecasting, data and analysis from 2015-2030. The most recent publication was released February 2025.
The Marine Fishing industry in the United Kingdom operates under the SIC industry code A03.110. Companies in this industry fish for wild fish, marine crustaceans and molluscs in oceanic and coastal waters. The industry includes whale catching and taking of marine creatures like turtles, sea squirts, tunicates and sea urchins, as well as the gathering of marine organisms and materials like natural pearls, sponges, coral and algae. This industry also includes processing and preserving fish in marine fishing vessels. Related terms covered in the Marine Fishing industry in the United Kingdom include demersal fish, pelagic fish, shellfish and discarding.
Products and services covered in Marine Fishing industry in the United Kingdom include Demersal fish, Pelagic fish and Shellfish.
Companies covered in the Marine Fishing industry in the United Kingdom include UK Fisheries Ltd and North Atlantic Fishing Company Ltd.
The Performance chapter covers detailed analysis, datasets, detailed current performance, sources of volatility and an outlook with forecasts for the Marine Fishing industry in the United Kingdom.
Questions answered in this chapter include what's driving current industry performance, what influences industry volatility, how do successful businesses overcome volatility, what's driving the industry outlook. This analysis is supported with data and statistics on industry revenues, costs, profits, businesses and employees.
The Products and Markets chapter covers detailed product and service segmentation, analysis of major markets and international trade data for the for the Marine Fishing industry in the United Kingdom.
Questions answered in this chapter include how are the industry's products and services performing, what are innovations in industry products and services, what products or services do successful businesses offer and what's influencing demand from the industry's markets. This includes data and statistics on industry revenues by product and service segmentation and major markets.
The Geographic Breakdown chapter covers detailed analysis and datasets on regional performance of the Marine Fishing industry in the United Kingdom.
Questions answered in this chapter include where are industry businesses located and how do businesses use location to their advantage. This includes data and statistics on industry revenues by location.
The Competitive Forces chapter covers the concentration, barriers to entry and supplier and buyer profiles in the Marine Fishing industry in the United Kingdom. This includes data and statistics on industry market share concentration, barriers to entry, substitute products and buyer & supplier power.
Questions answered in this chapter include what impacts the industry's market share concentration, how do successful businesses handle concentration, what challenges do potential industry entrants face, how can potential entrants overcome barriers to entry, what are substitutes for industry services, how do successful businesses compete with substitutes and what power do buyers and suppliers have over the industry and how do successful businesses manage buyer & supplier power.
The Companies chapter covers Key Takeaways, Market Share and Companies in the Marine Fishing industry in the United Kingdom. This includes data and analysis on companies operating in the industry that hold a market share greater than 5%.
Questions answered in this chapter include what companies have a meaningful market share and how each company is performing.
The External Environment chapter covers Key Takeaways, External Drivers, Regulation & Policy and Assistance in the Marine Fishing industry in the United Kingdom. This includes data and statistics on factors impacting industry revenue such as economic indicators, regulation, policy and assistance programs.
Questions answered in this chapter include what demographic and macroeconomic factors impact the industry, what regulations impact the industry, what assistance is available to this industry.
The Financial Benchmarks chapter covers Key Takeaways, Cost Structure, Financial Ratios, Valuation Multiples and Key Ratios in the Marine Fishing industry in the United Kingdom. This includes financial data and statistics on industry performance including key cost inputs, profitability, key financial ratios and enterprise value multiples.
Questions answered in this chapter include what trends impact industry costs and how financial ratios have changed overtime.
The Industry Data chapter includes 10 years of historical data with 5 years of forecast data covering statistics like revenue, industry value add, establishments, enterprises, employment and wages in the Marine Fishing industry in the United Kingdom.
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The market size of the Marine Fishing industry in the United Kingdom is £1.1bn in 2026.
There are 3,543 businesses in the Marine Fishing industry in the United Kingdom, which has grown at a CAGR of 0.2 % between 2020 and 2025.
The Marine Fishing industry in the United Kingdom is likely to be significantly impacted by import tariffs with imports accounting for a high share of industry revenue.
The Marine Fishing industry in the United Kingdom is likely to be significantly impacted by export tariffs with exports accounting for a high share of industry revenue.
The market size of the Marine Fishing industry in the United Kingdom has been declining at a CAGR of 2.5 % between 2020 and 2025.
Over the next five years, the Marine Fishing industry in the United Kingdom is expected to grow.
The biggest companies operating in the Marine Fishing industry in the United Kingdom are UK Fisheries Ltd and North Atlantic Fishing Company Ltd
Demersal fish and Pelagic fish are part of the Marine Fishing industry in the United Kingdom.
The company holding the most market share in the Marine Fishing industry in the United Kingdom is UK Fisheries Ltd.
The level of competition is moderate and increasing in the Marine Fishing industry in the United Kingdom.