Forecast: Total Norway Lobster Production in Capture Fisheries for Human Consumption in France

In 2023, the total production of Norway Lobster in capture fisheries for human consumption in France stood at 31.870 million euros. The forecast for 2024 indicates a slight decrease to 31.421 million euros, followed by a consistent downward trend through 2028, reaching 29.629 million euros. Year-on-year variations suggest a steady decline, averaging around -1.44% per year over the five-year forecast period. The compound annual growth rate (CAGR) further confirms a negative trend with an average annual decrease in production value.

Future trends to watch for include:

  • Changes in consumer demand, potentially influenced by health or environmental concerns.
  • Impacts of regulatory policies on fisheries and sustainability practices.
  • Developments in alternative seafood products that may affect demand for traditional products such as Norway Lobster.

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