Forecast: Alive Fresh European Lobster Production in Capture Fisheries in France

The value of alive fresh European lobster production in capture fisheries in France stood at 25.84 thousand euros per metric ton for 2023, showing a slight decrease of 0.3% from the previous year. The fluctuation over recent years includes notable increases in certain years, such as 2016 (+20.4%) and 2021 (+25.53%), with a cumulative annual growth rate of 4.37% over the past five years. From 2024 onwards, forecasted data suggests that the industry will continue experiencing moderate growth, with a 5-year CAGR of 2.9%, expecting a 15.38% increase by 2028.

Future trends to watch for include:

  • Sustainable fishing practices could become more critical in maintaining supply levels.
  • Market demand influenced by changing consumer preferences and environmental concerns.
  • Possible impacts of climate change on lobster habitats affecting yields and pricing.

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