In 2024, France's spiny lobster production in capture fisheries is forecasted to be valued at 22.87 thousand euros per metric ton. As of 2023, the actual value was slightly lower, representing the beginning of a growth trend. Year-on-year growth is projected at approximately 1.5% to 1.8% from 2024 to 2028. The compound annual growth rate (CAGR) for 2024 to 2028 is about 1.6%, indicating steady growth in the value of production.
Future trends to watch in the spiny lobster market include:
- Fluctuations in market demand influenced by consumer preferences for sustainable seafood.
- Potential impacts of climate change on marine ecosystems and lobster habitats.
- Regulatory changes regarding fishing practices affecting production levels.