The forecast for whole fresh European lobster production in the UK indicates a steady increase from 2024 to 2028, with production starting at 3.55 thousand metric tons in 2024 and reaching 3.79 thousand metric tons by 2028. Considering the data, the projected compound annual growth rate (CAGR) over this period is approximately 1.32% per year. In 2023, production was recorded at 3.49 thousand metric tons, showing a consistent rise over the five-year forecast period.
Key future trends to watch for include:
- Environmental regulations impacting lobster fisheries.
- Changes in consumer demand affected by economic and culinary trends.
- Technological advances in capture fisheries which might increase efficiency.
- Climate change impacts on lobster habitats influencing future yields.
