United Kingdom Milkfish Market Size, Share, and COVID-19 Impact Analysis, By Form (Frozen, Canned), By Distribution Channel (Offline, Online), and UK Milkfish Market Insights, Industry Trend, Forecasts to 2035.

United Kingdom Milkfish Market Forecasts to 2035

• The United Kingdom Milkfish Market Size Was Estimated at USD 18.4 Million in 2024
• The UK Milkfish Market Size is Expected to Grow at a CAGR of around 7.02% from 2025 to 2035
• The UK Milkfish Market Size is Expected to Reach USD 38.8 Million by 2035

According to a research report published by Spherical Insights & Consulting, the United Kingdom Milkfish Market Size is anticipated to reach USD 38.8 Million by 2035, growing at a CAGR of 7.02% from 2025 to 2035. The market for milkfish is anticipated to rise as a result of rising fish intake due to its high nutritional value and increased smart fishing using cutting-edge gear. The milkfish market is anticipated to benefit from the growth of distribution channels and increased expenditure in aquaculture research & development.

Market Overview

The UK milkfish market refers to commercial operations related to the milkfish; the entire supply chain for the species, including aquaculture production, marketing, and consumption, is in force - fish farms, hatcheries, processing, distribution, and retail. Milkfish is gaining popularity in the UK as a nutritious source of animal protein, particularly among health-conscious consumers. Rich in omega-3 fatty acids and protein, milkfish supports essential body functions, including brain development in children, heart health, eye nourishment, cholesterol control, and even mental well-being by reducing depression. These health benefits significantly contribute to the rising demand for milkfish. As a result, manufacturers and shrimp farmers are shifting their focus back to milkfish cultivation to recover past losses and meet growing market needs, especially for export.

Moreover, one of milkfish's major advantages is its ability to thrive in various environmental conditions and resist disease, making it suitable for year-round farming. This resilience encourages higher production rates and presents growth opportunities for producers. Although the market faced stagnation over the past decade due to the booming shrimp industry and the relatively low price of milkfish, advancements in farming technology are helping increase production volumes. These developments are expected to boost sales and market presence during the forecast period, as consumers continue to prioritize nutrient-rich, affordable, and sustainably farmed food sources like milkfish.

Report Coverage

This research report categorizes the market for the UK milkfish market based on various segments and regions and forecasts revenue growth and analyses trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the United Kingdom milkfish market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the United Kingdom milkfish market.

Driving Factors

The UK milkfish market benefits from health trends, as consumers look to integrate high-protein, omega-3-rich foods for heart and brain health. Additionally, milkfish is becoming better known as a sustainable, lower-cost protein alternative. The milkfish has an advantageous ability to grow in many different environments with little input, allowing consumers to reap the benefits of efficient aquaculture. In addition, consumers are learning about Asian food, and the popularity of milkfish as a staple in many Southeast Asian dishes is an indication that the milkfish market is well-positioned for growth.

Restraining Factors

Limited consumer knowledge and familiarity with the species, particularly outside of Asian communities, is a constraint for the UK milkfish market. Widespread availability and market penetration throughout the UK are further hampered by competition from more well-known fish options like salmon and cod, poor domestic output, and reliance on imports. These factors hamper the milkfish market during the forecast period.

Market Segmentation

The United Kingdom milkfish market share is classified into form and distribution channel.

• The frozen segment held the largest market share in 2024 and is expected to grow at a significant CAGR during the forecast period.

The United Kingdom milkfish market is segmented by form into frozen, canned. Among these, the Frozen segment held the largest market share in 2024 and is expected to grow at a significant CAGR during the forecast period. Products made from salted milkfish packed into various items, make up the frozen section. One of the segment's growth drivers is the growing availability of frozen milkfish on the market as customer demand for frozen milkfish rises. The overall market is expected to increase at a faster pace during the forecast period due to the changing dietary habits of people and the increasing requirement for proteins from fish to satisfy daily nutritional consumption.

• The offline segment held the highest revenue market share in 2024 and is expected to grow at a significant CAGR during the forecast period.

The United Kingdom milkfish market is segmented by distribution channel into offline, online. Among these, the offline segment held the highest revenue market share in 2024 and is expected to grow at a significant CAGR during the forecast period. Manufacturers use marketing and advertising to push their products through retail. Retail is seen as leading the market as such as hypermarkets, supermarkets, convenience stores, specialty shops, department stores, and other store types are offline channels contributing to market income. More than that, the retail channel offers the opportunity for the customer to physically verify the product.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the United Kingdom milkfish market and a with comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborate analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• Bradley's Fish
• Billingsgate Market
• Seafish
• Role
• Fishnesia Mitra Bersama
• Kaysaint International
• Nireus Aquaculture
• Land & Sea International
• Fisherfarms
• Others

Key Target Audience

• Investors
• Market players
• End-users
• Government Authorities
• Consulting and Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Market Segment

This study forecasts revenue at United Kingdom, regional, and country levels from 2020 to 2035. Spherical Insights has segmented the United Kingdom milkfish market based on the below-mentioned segments:

United Kingdom Milkfish Market, By Form

• Frozen
• Canned

United Kingdom Milkfish Market, By Distribution Channel

• Offline
• Online