In 2023, the production of whole frozen lobsters in the UK was approximately 176 metric tons. Forecasts for 2024 show a 5.8% increase, reaching 186.25 metric tons. Continued growth is expected, with a 5.3% increase in 2025, 4.9% in 2026, 4.6% in 2027, and 4.3% in 2028, culminating in a production of 224.38 metric tons. The five-year Compound Annual Growth Rate (CAGR) is anticipated to be around 5%.
Future trends to watch for include:
- Impact of climate change on marine life and lobster populations.
- Changes in consumer demand driven by global culinary trends and sustainability concerns.
- Potential regulatory changes affecting capture fisheries.