According to IMARC Group’s latest report, titled “Lobster Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, the global market reached a value of US$ 6.3 Billion in 2021. Lobsters are marine crustaceans containing a hard shell and a pair of long claws. They are one of the most preferred delicacies around the world. Lobsters are low in calories and high in necessary nutrients, including copper, selenium, zinc, vitamins B12 and E, phosphorus, omega 3 fatty acid, and magnesium. They are also an excellent protein and antioxidant source, which helps protect against anemia, depression, and thyroid diseases. Consequently, lobsters are mainly used in the preparations of soups, cocktails, salads, and sandwiches and are widely available in whole or chopped pieces.
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The rising consumer awareness regarding the health benefits of lobsters has significantly surged its global demand. The regular consumption of lobster helps reduce inflammation, minimize the risk of obesity, and improve cognitive functioning. Additionally, the improving fishery sector and the increasing consumer per capita income in developing countries are factors bolstering the market growth. Moreover, the growing demand for convenient food products, such as canned and vacuum-packed lobsters, in confluence with their easy availability in different retail stores, is providing a considerable boost to the market growth. Looking forward, IMARC Group expects the market to reach US$ 11.1 Billion by 2027, exhibiting a CAGR of 9.94% during 2022-2027.
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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.
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
- North America
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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.
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