The UK's production of whole fresh Palinurid spiny lobster for human consumption is set to increase annually from 2024 to 2028, with values escalating from 576.67 thousand euros to 646.44 thousand euros. This reflects a growth trajectory with an average annual increase in production value at an approximate Compound Annual Growth Rate (CAGR) of 2.89% from 2024 to 2028. The steady year-on-year increase demonstrates a potentially positive market outlook.
Future trends to watch for include:
- Sustainability initiatives impacting fishing quotas and methods.
- Influence of climate change on lobster habitats and associated catches.
- Changing consumer preferences toward sustainable seafood.
- Potential impacts of post-Brexit trade relations on the seafood market.
