The UK has seen a steady increase in the production value of whole fresh European lobsters from capture fisheries, starting at €35.1 million in 2013 and reaching €58.3 million in 2023. The year-on-year growth varied, with significant increases in some years such as 2014 (14.13%) and smaller or negative growth in others, like 2018 (-1.05%). The annual average growth rate (CAGR) over the last five years has been 3.48%, indicative of a moderate and consistent upward trend. The forecast for the next five years shows an expected continuation of this trend, with a projected CAGR of 2.03%, culminating in a production value of €66.3 million by 2028.

Trends to watch for in the future:

Sustainable fishing practices and regulatory changes impacting capture fisheries.
Market demand fluctuations based on global economic conditions and consumer preferences.
Technological advancements in fishing methods and supply chain logistics.