In 2023, the fresh Lesser Slipper Lobster production in capture fisheries for human consumption in France stood at a specified value, from which the projections for 2024 to 2028 are built. The forecasted figures show a consistent growth trend, with values in Thousand Euros per Metric Ton increasing from 21.22 in 2024 to 26.76 in 2028. This reflects annual growth rates of 6.65% (2024-2025), 6.13% (2025-2026), 5.74% (2026-2027), and 5.35% (2027-2028) respectively. The five-year CAGR indicates a healthy upward trajectory in the sector.
Future trends to watch for:
- Potential impacts of climate change on lobster habitats, influencing capture rates.
- Market demand fluctuations due to changing consumer preferences or dietary trends.
- The effect of regulatory adjustments on sustainable fishing practices.
- Technological advancements in fisheries which may improve yield quality and efficiency.