£1.4bn
£XXX.Xm
3,200
499
£XXX.Xm
Over the five years through 2024-2025, revenue from aquaculture is forecast to shrink at a compound annual rate of 2.2%, contracting to £1.45 billion. The cost-of-living crisis caused severe supply chain disruptions and inflated the price of salmon and other farmed seafood. The two years through 2022-23 were also very poor years for fish production due to blooms of algae and jellyfish, which decimated fish populations, restricted supply and further drove up prices. Such soaring prices weakened domestic demand, meaning revenue took a hit.
Industry revenue has declined at a CAGR of 2.2 % over the past five years, to reach an estimated £1.4bn in 2024.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2025 | Revenue (£m)
2025 |
---|---|---|
Mowi Scotland Ltd | 476.3 | |
Scottish Sea Farms Ltd | 356.6 | |
Cooke Aquaculture Scotland Ltd | 190.6 |
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Aquaculture in the UK
Industry revenue is measured across several distinct product and services lines, including Salmon, Trout and Shellfish. Salmon is the largest segment of the Aquaculture in the UK.
The big fish: Salmon’s popularity continues to leap
Companies in this industry farm salmon, trout, shellfish and other aquatic organisms in nets or cages in marine and freshwater locations such as lochs and coastal waters.
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SIC 03.21 - Aquaculture in the UK
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Health trends bolster fish consumption. As health consciousness continues to climb among the UK public, consumers are flocking to seafood as a healthy food option.
Learn about an industry's products and services, markets and trends in international trade.
Consumption trends shift the industry’s product mix. Rising demand for salmon and shellfish, due to their perceived health benefits and sustainability respectively, is drivin...
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Scotland's geography works well for aquaculture. The presence of large sea lochs and fast-flowing rivers and proximity to the Atlantic offers an ideal natural habitat for sal...
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Disease prevention is key to keeping up with the competition. Farms that effectively manage disease risk preserve their stocks, control costs and stick to production schedule...
Learn about the performance of the top companies in the industry.
Mowi Scotland leads with innovation. Upgrades to operations, like bringing in a thermal delousing system, have greatly improved efficiency and productivity, setting the bar h...
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
UK fish farms grapple with stringent regulations. They must meet health and safety requirements, undergo environmental assessments and deal with restricted access to coastlin...
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Profit edges downwards. COVID-19 supply chain issues, higher fish oil prices, sea lice infestations and weak sales during the cost-of-living crisis have combined to push prof...
Including values and annual change:
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Key data sources in the UK include:
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
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The market size of the Aquaculture in the UK industry in United Kingdom is £1.4bn in 2024.
There are 499 businesses in the Aquaculture in the UK industry in United Kingdom, which has grown at a CAGR of 2.5 % between 2019 and 2024.
The market size of the Aquaculture in the UK industry in United Kingdom has been declining at a CAGR of 2.2 % between 2019 and 2024.
Over the next five years, the Aquaculture in the UK industry in United Kingdom is expected to grow.
The biggest companies operating in the Aquaculture market in United Kingdom are Mowi Scotland Ltd, Scottish Sea Farms Ltd and Cooke Aquaculture Scotland Ltd
Salmon and Trout are part of the Aquaculture in the UK industry.
The company holding the most market share in United Kingdom is Mowi Scotland Ltd.
The level of competition is moderate and increasing in the Aquaculture in the UK industry in United Kingdom.