In 2023, the total European lobster production in capture fisheries in the UK amounted to 58.1 million euros, setting the baseline for the subsequent forecast period. The forecasts from 2024 to 2028 illustrate a steady growth trend, with annual increases ranging from approximately 2.63% in 2024 to 2.28% in 2028. Over the five-year span, the compound annual growth rate (CAGR) is estimated at around 2.48%, reflecting consistent expansion in the sector.
Future trends to watch for:
- Impact of climate change and regulatory policies on capture fisheries.
- Technological advancements in sustainable fishing practices.
- Shifts in consumer preferences towards sustainably sourced seafood.
