In 2023, the production value of fresh spiny lobsters in France's capture fisheries stood in context, leading into forecasted growth across the next few years. Between 2024 and 2028, the forecast suggests a steady increase in production value from €3.2162 million to €5.27 million. Year-on-year growth rates reflect a consistent upward trajectory, with variations showcasing this positive trend. The compound annual growth rate (CAGR) projected over these five years indicates strong expansion in the spiny lobster market.
Future trends to watch for include:
- Potential environmental impacts on lobster habitats influencing supply.
- Shifts in consumer preferences towards sustainable seafood consumption.
- Regulatory changes impacting the fisheries sector in France and the EU.
- Advancements in capture technologies improving efficiencies.
