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.