In 2023, the value of Norway lobster production for human consumption in the UK stood at a base level before increasing in subsequent years. Projections show a steady rise from 2024 to 2028, with an overall pattern of modest yearly growth. From 2024 to 2025, the increase is approximately 1.13%, consistently growing year-on-year by this rate. The compound annual growth rate (CAGR) from 2024 to 2028 is anticipated to be around 1.03%, indicating gradual growth.
Future trends to watch for include potential regulatory changes in fisheries management, shifts in consumer demand, and environmental factors affecting lobster populations. Increased focus on sustainability could also influence production methods and market dynamics.
