In 2023, the production of fresh lobsters in capture fisheries for human consumption in the UK stood at approximately 63.29 million Euros. Forecasted data indicates a gradual decline in production value over the next five years, with minor year-on-year decreases from 2024 to 2028, averaging around a -0.6% drop annually in Compound Annual Growth Rate (CAGR) terms. By 2028, production is expected to reach 61.442 million Euros.
Future trends to watch for:
- Climate change impacts on marine ecosystems affecting lobster populations.
- Regulatory changes in capture fisheries to ensure sustainability.
- Potential shifts in consumer demand and export opportunities.
