In 2023, the production of fresh Norway lobster in the UK stood at an undisclosed baseline. Looking forward, the forecast from 2024 to 2028 indicates a continuous decline in production volume, decreasing by an average of 6% annually based on the Compound Annual Growth Rate (CAGR). Year-on-year decreases show consistent reductions, underlining a steady downward trend from 2024 onwards.
Future trends to watch for:
- Environmental factors influencing lobster populations.
- Regulations and policies affecting fishing practices.
- Market demand and price changes impacting industry sustainability.
- Technological advancements in capture and sustainability practices.
