In 2023, the total lobsters production in capture fisheries in France stood at approximately 3.05 thousand metric tons. The forecast from 2024 to 2028 indicates a consistent decline, with a compound annual growth rate (CAGR) of -7.74%. Notably, the year-on-year variations reveal a noticeable decrease, with production levels expected to drop annually by approximately 8.19% from 2024 and further in subsequent years.
Future trends to watch for:
- Environmental and eco-friendly fishing practices impacting production.
- Regulations regarding fishing quotas and sustainable practices potentially prolonging recovery times.
- Market demand shifts towards alternative seafood affecting lobsters' capture rates.
- Technological advancements in fisheries management potentially reversing the declining trend.