Lobster Market PPT: Growth, Outlook, Demand, Keyplayer Analysis and Opportunity 2021-26

Global Lobster Market Research Report and Forecast 2021-2026

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Author: Elena Anderson, Marketing Manager | Copyright © IMARC Service Pvt Ltd. All Rights Reserved IMARC Group

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Report Description and Highlights

Report Description

Global Lobster Market Outlook 2026: IMARC Group’s latest report, titled “ Lobster Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the global lobster market reached a value of US$ 5.66 Billion in 2020, growing at a CAGR of 16.7% during 2011-2018.

Lobster is a type of marine crustaceans with long bodies and claws. Widely considered as a delicacy in many parts of the world, it is usually prepared by boiling or steaming.

It is a rich source of protein, zinc, phosphorus, vitamin B12, magnesium and vitamin E. It also contains a high concentration of omega-3 and omega-6 fatty acids.

Its consumption offers numerous health benefits including the building of new cells, repairing of damaged tissues and strengthening of bones along with reducing the risk of obesity and cardiovascular diseases.

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Report Description and Highlights

Report Description

Global Lobster Market Trends: Rising awareness about the health benefits of lobsters and increasing health-conscious consumers are the major factors driving the market growth. Owing to the easy availability of canned, frozen and vacuum-packed variants, the demand for lobsters is continually witnessing an increase across the globe.

Lobsters are also available in whole pieces or chopped to be used in the preparation of cocktails, soups, stews, sandwiches and salads.

The convenience offered by these products coupled with the increasing working population worldwide is influencing the growth of the market.

In addition to this, manufacturers are launching value-added and premium grade products to cater to the diversified tastes and preferences of the consumers, particularly those residing in the urban areas.

Moreover, the thriving hospitality industry has led to the increasing demand for lobsters from hotels and restaurants for the preparation of various exotic delicacies including lobster paellas and Thai lobster soup. On account of the aforementioned factors, the global lobster market size is projected to reach US$ 13.9 Billion by 2024.

Report Description and Highlights Report Description Market Breakup by Species: •

American Lobster

•

Spiny Lobster

•

Rock Lobster

•

European Lobster

Based on the species, the market has been segmented as American lobster, spiny lobster, rock lobster and European lobster. Currently, American lobsters dominate the market, holding the largest share.

Market Breakup by Weight: •

0.5 – 0.75 lbs

•

0.76 – 3.0 lbs

•

Over 3 lbs

Report Description and Highlights Report Description On the basis of weight, lobsters having weight between 0.5 lb - 0.75 lb represent the largest size. They are followed by the lobsters having a weight between 0.76 lb - 3 lb and lobsters with weight more than 3 lb.

Market Breakup by Product Type: • • • •

Whole Lobster Lobster Tail Lobster Meat Lobster Claw

Based on the product type, whole lobster represented the most popular product followed by tail, lobster meat and claw.

Market Breakup by Distribution Channel: • •

Food Service Retail

Report Description and Highlights Report Description On the basis of distribution channel, food services enjoy the leading position, followed by retail sectors.

Market Regional Insights: •

North America

•

Europe

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Asia

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Oceania

•

Others

Region-wise, the market has been segmented into North America, Europe, Asia, Oceania and Others.

Amongst these, North America is the leading market, accounting for the majority of the market share.

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Report Description and Highlights

Report Description

© 2019 IMARC All Rights Reserved This Publication and all it’s contents unless otherwise mentioned are copyrighted in the name of International Market Analysis Research and Consulting (IMARC). No part of this publication may be reproduced, repackaged, redistributed or resold in whole or in any part. The publication may also not be used in any form or by and means graphic electronic or mechanical, including photocopying, recording, taping or by information storage or retrieval, or by any other form, without the express consent of International Market Analysis Research and Consulting (IMARC).

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