In 2023, UK’s fresh European lobster production in capture fisheries for human consumption stood at 2.10 Thousand Metric Tons. The forecasts for 2024 through 2028 display steady growth, beginning at 2.12 Thousand Metric Tons in 2024 and progressing to 2.21 in 2028. The year-on-year growth rates suggest a consistent increase in production volume.
Over the past two years - 2022 to 2023 - and projected years, the growth trend remains upward, as evidenced by a CAGR of approximately 1.03% across the five-year period from 2023 to 2028.
Future trends to watch for:
- Potential impact of climate change on lobster populations and capture.
- Regulatory changes affecting fishing quotas.
- Market demand shifts influenced by consumer preference and economic conditions.
- Technological advancements in sustainable fishing practices.
