In 2023, the production value for frozen European lobster in capture fisheries in the UK was at 6.4 thousand Euros. The forecast from 2024 to 2028 suggests a steady growth trajectory: 6.49 in 2024, 6.58 in 2025, 6.67 in 2026, 6.76 in 2027, and 6.85 in 2028. The year-on-year growth indicates a consistent increase of approximately 1.3% annually. Over the five-year forecast period, the compound annual growth rate (CAGR) shows a modest increase, highlighting a stable market.
Future trends to watch include potential impacts from Brexit-related trade rules, sustainability practices in fisheries, and changes in consumer demand influenced by health consciousness and economic factors. Monitoring these elements could significantly shape the dynamics of lobster production and market pricing.
