Global Lobster Market Size Worth US$ 13.9 Billion by 2024 - IMARC Group

Global Lobster Market Research Report and Forecast 2024

Report Edition: 2019 Copyright © IMARC Service Pvt Ltd. All Rights Reserved

About IMARC Group

Report Description

The International Market Analysis Research and Consulting Group is a leading adviser on management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, chemicals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

IMARC’s tailored approach combines unfathomable insight into the dynamics of companies and markets with close cooperation at all levels of the client organization. This ensures that our clients achieve unmatchable competitive advantage, build more proficient organizations, and secure lasting results.

Report Description and Highlights

Report Description Global Lobster Market Overview:

According to the latest report by IMARC Group, titled “ Lobster Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024�, the global lobster market reached a value of US$ 5.7 Billion in 2018, 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.

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.

Report Description and Highlights

157.3 146.7 152.0 141.4 136.1 125.5 130.8

160 140 120 100 80 60 40 20 0

120.2 2011

2012

2013

2014

2015

2016

2017

2018

In Billion US$

in Billion US$

Report Description

180 160 140 120 100 80 60 40 20 0

160.0 2019

175.9

181.2

186.5

165.3

170.6

2020

2021

2022

2023

2024

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.

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

Report Description and Highlights

Report Description

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.

Key Market Segmentation: Market Segmentation by Product Type • • • •

Whole Lobster Lobster Tail Lobster Meat Lobster Claw

On the basis of the product type, the market has been divided into whole lobster, tail, lobster meat and claw. Amongst these, whole lobster is the most popular product type.

For more information, click here: https://www.imarcgroup.com/lobster-market

Report Description and Highlights

Report Description Market Segmentation by Species • • • •

American Lobster Spiny Lobster Rock Lobster European Lobster

On the basis of the species, American lobsters hold the majority of the total market share. Other major segments include spiny lobsters, rock lobsters and European lobsters.

Market Segmentation by Distribution Channel • •

Food Service Retail

Based on the distribution channel, the market has been bifurcated into the food services and retail sectors. The food service sector currently represents the largest segment.

Market Segmentation by Region

Report Description and Highlights

Report Description • • • • •

North America Europe Asia Oceania Others

On the geographical front, North America holds the leading position in the market. Other key regions include Europe, Asia, Oceania and Africa.

Market Segmentation by Weight • • •

0.5 – 0.75 lbs 0.76 – 3.0 lbs Over 3 lbs

Based on the weight, lobsters having a weight between 0.5 lbs. - 0.75 lbs. exhibit a clear dominance in the market. Other major segments include lobsters having a weight between 0.76 lbs. - 3 lbs. and lobsters weighing more than 3 lbs.

Report Description and Highlights

Report Description Competitive Landscape:

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

• • • • •

East Cost Seafood Garbo Lobster High Liner Foods Inc Pescanova Thai Union

Browse Related Report Shrimp Market Report: https://www.imarcgroup.com/prefeasibility-report-shrimp-processing-plant Indian Shrimp Market Report: https://www.imarcgroup.com/indian-shrimp-market

A partial List of

We are the trusted business partners to the

Clients world's leading corporates, governments, and ourPartial ClientsList of institutions

A partial List of

We are the trusted business partners to the

of Clients leading corporates, governments, and ourPartial ClientsListworld's institutions

Report Description and Highlights

Report Description

Š 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).

Disclaimer: All contents and data of this publication, including forecasts, data analysis and opinion have been based on information and sources believed to be accurate and reliable at the time of publishing. International Market Analysis Research and Consulting makes no representation of warranty of any kind as to the accuracy or completeness of any Information provided. IMARC accepts no liability whatsoever for any loss or damage resulting from opinion, errors or inaccuracies if any found this publication.

IMARC, IMARC Group and Global Therapy Insight Series are registered trademarks of International Market Analysis Research and Consulting. All other trademarks used in this publication are registered trademarks of their respective companies.

Contact Us

FOR MORE DETAILS Visit us at :

https://www.imarcgroup.com Stay With Us:

TELEPHONE: +1-631-791-1145 E-MAIL: sales@imarcgroup.com