In 2023, the production value of whole fresh European lobster in Italy was estimated to be below 466.99 thousand euros, as indicated by the forecasted increase from this baseline in 2024. From 2024 to 2028, the forecast shows a steady year-on-year growth in production value, rising approximately 2.3% annually on average, leading to a CAGR for the period of around 2.2%.
Future trends to watch for:
- Climate change impacts on lobster habitats and fisheries.
- Evolving consumer preferences for sustainable seafood options.
- Italy's regulatory framework influencing fishing practices.
- Technological advancements in fisheries improving efficiency.
