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.