In 2023, the value of frozen European Lobster production for human consumption in the UK was a specific baseline. The forecast from 2024 to 2028 shows a progressive increase in value, starting at 15.53 thousand Euros per metric ton in 2024 and reaching 16.26 by 2028. This reflects a positive year-on-year growth pattern, with incremental increases of around 1.1% to 1.2% annually. The five-year compound annual growth rate (CAGR) also supports this upward trend.
Future trends to watch for include the impact of climate change on marine ecosystems, potential changes in UK fisheries policies post-Brexit, and evolving consumer preferences towards sustainable seafood. These factors could influence both production volumes and pricing in the coming years.
