The production of whole fresh lobsters in Danish capture fisheries has experienced significant fluctuations over the past decade. Marked increases in years such as 2014 and 2016 highlight periods of rapid growth, while declines in 2020 underscore the sector's volatility. By 2023, the market stood at 44.884 million euros, indicating a 4% year-on-year increase from 2022. The compounded annual growth rate (CAGR) for the last five years reached 4.8%.
Looking ahead, projections suggest a steady upward trajectory with the market expected to grow at an average annual rate of 3.33% from 2024 to 2028, reaching 55.409 million euros by 2028. This reflects a cumulative growth rate of 17.81% over these five years.
Future trends to watch for:
- Impacts of climate change on marine ecosystems and lobster populations.
- Shifts in consumer demand for sustainable and locally sourced seafood.
- Potential advancements in fishing technologies improving capture efficiency.
