Global Lobster Market Size to Reach US$ 11.1 Billion by 2027 at Growth Rate (CAGR) of 9.94%

According to IMARC Group's latest report, titled "𝐋𝐨𝐛𝐬𝐭𝐞𝐫 𝐌𝐚𝐫𝐤𝐞𝐭: 𝐆𝐥𝐨𝐛𝐚𝐥 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲 𝐓𝐫𝐞𝐧𝐝𝐬, 𝐒𝐡𝐚𝐫𝐞, 𝐒𝐢𝐳𝐞, 𝐆𝐫𝐨𝐰𝐭𝐡, 𝐎𝐩𝐩𝐨𝐫𝐭𝐮𝐧𝐢𝐭𝐲 𝐚𝐧𝐝 𝐅𝐨𝐫𝐞𝐜𝐚𝐬𝐭 𝟐𝟎𝟐𝟐-𝟐𝟎𝟐𝟕", the global lobster market reached a value of US$ 6.3 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 11.1 Billion by 2027, exhibiting a CAGR of 9.94% during 2022-2027.

Lobster refers to a type of marine crustacean with long cylindrical bodies, muscular tails, stalked eyes, and five pairs of jointed legs. It is covered with a chitinous exoskeleton and offers a rich source of protein, zinc, phosphorus, vitamin B12, magnesium, etc. In line with this, lobster comprises high concentrations of omega-3 and omega-6 fatty acids.

As such, it is widely considered a popular delicacy across the globe that can be prepared by boiling or steaming. Lobster is consumed by individuals as it provides several health benefits, including repairing damaged tissues, strengthening bones, minimizing the risks of developing obesity and cardiovascular diseases, boosting energy levels, etc. Additionally, it reduces inflammation and improves cognition.

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐟𝐨𝐫 𝐚 𝐅𝐫𝐞𝐞 𝐏𝐃𝐅 𝐬𝐚𝐦𝐩𝐥𝐞 𝐫𝐞𝐩𝐨𝐫𝐭: https://www.imarcgroup.com/lobster-market/requestsample

Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

𝐋𝐨𝐛𝐬𝐭𝐞𝐫 𝐌𝐚𝐫𝐤𝐞𝐭 𝐓𝐫𝐞𝐧𝐝𝐬:

The rising consumer health consciousness and the inflating disposable income levels are among the key factors stimulating the lobster market. Moreover, leading manufacturers are introducing value-added and premium-grade variants in the market to cater to the diversified tastes of individuals residing, particularly in urban areas, which is acting as another significant growth-inducing factor.

Besides this, the increasing availability of canned, frozen, and vacuum-packed lobsters across the organized retail sector is positively influencing the global market. Furthermore, the growing popularity of western cuisines, the expanding hospitality industry, and the escalating demand for lobsters from high-end hotels and restaurants to prepare exotic delicacies, such as lobster paellas and Thai lobster soup, are also propelling the market growth. Apart from this, continuous improvements in the export facilities are anticipated to fuel the lobster market over the forecasted period.

𝐁𝐮𝐲 𝐋𝐨𝐛𝐬𝐭𝐞𝐫 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐩𝐨𝐫𝐭 𝐍𝐨𝐰: https://www.imarcgroup.com/checkout?id=998&method=1

As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviors of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

𝐂𝐨𝐦𝐩𝐞𝐭𝐢𝐭𝐢𝐯𝐞 𝐋𝐚𝐧𝐝𝐬𝐜𝐚𝐩𝐞 𝐰𝐢𝐭𝐡 𝐊𝐞𝐲 𝐏𝐥𝐚𝐲𝐞𝐫𝐬:

The competitive landscape of the market has also been examined with some of the key players.

• Boston Lobster
• Clearwater Seafoods
• East Coast Seafood Group
• Geraldton Fishermen's Co-operative
• High Liner Foods Incorporated
• PESCANOVA ESPAÑA SL
• Supreme Lobster
• Tangier Lobster
• Thai Union Manufacturing Company Ltd.

𝐊𝐞𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧:

The report has categorized the market based on species, weight, product type and distribution channel.

Market Breakup by Species:
• American Lobster
• Spiny Lobster
• Rock Lobster
• European Lobster

Market Breakup by Weight:
• 5 - 0.75 lbs
• 76 - 3.0 lbs
• Over 3 lbs

Market Breakup by Product Type:
• Whole Lobster
• Lobster Tail
• Lobster Meat
• Lobster Claw

Market Breakup by Distribution Channel:
• Food Service
• Retail

Regional Insights:
• North America
• Europe
• Asia
• Oceania
• Others

𝐀𝐬𝐤 𝐀𝐧𝐚𝐥𝐲𝐬𝐭 𝐟𝐨𝐫 𝐂𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐚𝐭𝐢𝐨𝐧 𝐚𝐧𝐝 𝐄𝐱𝐩𝐥𝐨𝐫𝐞 𝐟𝐮𝐥𝐥 𝐫𝐞𝐩𝐨𝐫𝐭 𝐰𝐢𝐭𝐡 𝐓𝐎𝐂 & 𝐋𝐢𝐬𝐭 𝐨𝐟 𝐅𝐢𝐠𝐮𝐫𝐞𝐬: https://www.imarcgroup.com/request?type=report&id=998&flag=C

Note: We are updating our reports, if you want the report with the latest primary and secondary data (2022-2027) including industry trends, market size and Competitive landscape, etc. Click request free sample report, published report will be delivered to you in PDF format via email within 24 to 48 hours.

𝐊𝐞𝐲 𝐡𝐢𝐠𝐡𝐥𝐢𝐠𝐡𝐭𝐬 𝐨𝐟 𝐭𝐡𝐞 𝐫𝐞𝐩𝐨𝐫𝐭:

• Market Performance (2016-2021)
• Market Outlook (2022-2027)
• Market Trends
• Market Drivers and Success Factors
• Impact of COVID-19
• Value Chain Analysis
• Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

𝐑𝐞𝐥𝐚𝐭𝐞𝐝 𝐑𝐞𝐩𝐨𝐫𝐭𝐬 𝐛𝐲 𝐈𝐌𝐀𝐑𝐂 𝐆𝐫𝐨𝐮𝐩:

Europe Lobster Market: https://www.imarcgroup.com/europe-lobster-market

Organic Seafood Market: https://www.imarcgroup.com/organic-seafood-market

United States Plant-based Seafood Market: https://www.imarcgroup.com/united-states-plant-based-seafood-market

Europe Plant-based Seafood Market: https://www.imarcgroup.com/europe-plant-based-seafood-market

Food Service Market: https://www.imarcgroup.com/food-service-market

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This release was published on openPR.