In 2023, the value of whole fresh European lobster production in capture fisheries for human consumption in France stood at approximately 8.3 million Euros. The forecast indicates a consistent growth from 2024 onward, with values projected to rise progressively each year, reaching 9.2476 million Euros by 2028. Between 2023 and 2024, there is an expected increase of about 2.2%. The subsequent annual growth rates range from around 2% to 2.1%, reflecting a steady upward trend. The compound annual growth rate (CAGR) over the five-year forecast period is approximately 1.91%.
Future trends to watch for include potential impacts of climate change on marine ecosystems, changes in fishing regulations, and fluctuations in international demand for European lobster. Additionally, advances in sustainable fishing practices and technological innovations could influence production efficiency and output in the coming years.
