In 2023, the production of fresh lobsters for human consumption in France was valued at approximately 51.34 million Euros. The forecasted data for the years 2024 to 2028 shows a gradual decline in production value, reaching 50.91 million Euros by 2028. Year-on-year variation indicates a steady decrease of about 0.17% per annum.
The Compound Annual Growth Rate (CAGR) for the forecast period from 2024 to 2028 is calculated to be slightly negative, demonstrating a downward trend in the production value over these years. This suggests a consistent decrease in the economic contribution of fresh lobster production in France.
Key future trends to watch for include:
- Potential impacts of climate change on lobster habitats and availability, influencing production volumes.
- Shifts in consumer preference towards sustainable seafood options that may affect demand.
- Regulatory changes affecting capture fisheries, which could further influence the market dynamics.
- Technological advancements in seafood processing and marketing that could alter industry competitiveness.
