In 2023, the production of whole frozen Norway lobster in the UK stood at an estimated value of 100 thousand euros. From 2024 through 2028, the forecast indicates a consistent year-on-year decline in the production value, with notable decreases of approximately 5.36% in 2025, 5.56% in 2026, 5.77% in 2027, and 6% in 2028. The compound annual growth rate (CAGR) over these five years highlights an average annual reduction of around 5.7%.
Future trends to watch for:
- Potential changes in consumer demand which might alter production strategies.
- Impact of regulatory changes on fisheries management.
- Technological advancements that could improve efficiency and reduce costs.
- Environmental factors affecting marine biodiversity and lobster habitats.
