In 2023, the frozen Norway lobster production in the UK from capture fisheries was estimated at 242.7 metric tons. The forecast from 2024 to 2028 shows a steady annual increase in production, reaching 307.5 metric tons by 2028. This reflects a year-on-year growth rate of around 5% to 6% on average. Over these five years, the compound annual growth rate (CAGR) is approximately 4.5%.
Future trends to watch for include:
- Environmental factors affecting capture fisheries.
- Regulatory changes impacting the fisheries industry.
- Market demand fluctuations at domestic and international levels.
