Lobster Market Forecast Report 2023-2028| Size US$ 12.0 Billion and Growth Rate (CAGR) of 9.3%

IMARC Group, a leading market research company, has recently releases report titled "𝐋𝐨𝐛𝐬𝐭𝐞𝐫 𝐌𝐚𝐫𝐤𝐞𝐭: 𝐆𝐥𝐨𝐛𝐚𝐥 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲 𝐓𝐫𝐞𝐧𝐝𝐬, 𝐒𝐡𝐚𝐫𝐞, 𝐒𝐢𝐳𝐞, 𝐆𝐫𝐨𝐰𝐭𝐡, 𝐎𝐩𝐩𝐨𝐫𝐭𝐮𝐧𝐢𝐭𝐲 𝐚𝐧𝐝 𝐅𝐨𝐫𝐞𝐜𝐚𝐬𝐭 𝟐𝟎𝟐𝟑-𝟐𝟎𝟐𝟖." The study provides a detailed analysis of the industry, including the global lobster market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

𝐇𝐨𝐰 𝐁𝐢𝐠 𝐢𝐬 𝐭𝐡𝐞 𝐋𝐨𝐛𝐬𝐭𝐞𝐫 𝐌𝐚𝐫𝐤𝐞𝐭?

The global lobster market size reached US$ 7.0 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 12.0 Billion by 2028, exhibiting a growth rate (CAGR) of 9.3% during 2023-2028.

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐅𝐨𝐫 𝐚 𝐅𝐫𝐞𝐞 𝐏𝐃𝐅 𝐒𝐚𝐦𝐩𝐥𝐞 𝐑𝐞𝐩𝐨𝐫𝐭: https://www.imarcgroup.com/lobster-market/requestsample

What is Lobster?

Lobster is a marine crustacean from the family Nephropidae, known for its distinctively hard protective exoskeleton and two large claws. They are invertebrates and omnivores, typically found in all the world's oceans. Lobsters are unique creatures with a fascinating biological make-up. They have ten legs, two of which have evolved into large, strong claws for feeding and defence. Lobsters have excellent sensory perception due to their long, flexible antennae and compound eyes. They can regenerate lost limbs and live up to 100 years, making them one of the longest-living arthropods. Lobsters are an important component of the global seafood industry, specifically within gourmet and luxury food markets. Their meat is highly valued for its rich, sweet flavour and is often featured in culinary dishes worldwide. They are also significant in tourism, with lobster fishing tours being a popular attraction in coastal regions.

What are the Growth Prospects and Trends in the Lobster Market?

The increasing global demand for healthy and high-quality seafood is significantly driving the market growth of lobster. Moreover, consumers are becoming more health-conscious, they are continuously choosing lobster due to its high protein content and low fat and cholesterol levels. The rising incomes, coupled with improved living standards, particularly in developing nations, are also bolstering the market expansion. Advancements in lobster farming technologies are consistently contributing to increased production, making lobsters more accessible. Enhanced distribution channels and cold chain logistics are improving the reach of lobster products to inland and remote areas, thereby propelling the market growth. The rise of online food delivery platforms is promoting easy access to lobster dishes, thereby fueling market expansion. Other factors such as changing lifestyle trends, global influence of western cuisine and government initiatives promoting seafood exports are further driving the market growth of lobsters across the globe.

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

Note: In this report you will get detailed analysis of the market, growth analysis graphs, historical period analysis, forecast period analysis, major market segmentation, top leading key players of the market, table of content, list of figures, and list of tables.

Who are the Key Players Operating in the Lobster Industry?

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.

What is Included in Market Segmentation?

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

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

Key Highlights of The Report:

• Market Performance (2017-2022)
• Market Outlook (2023-2028)
• Market Trends
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain Analysis
• Market segmentation and 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.

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This release was published on openPR.