Lobster Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Type (Whole Lobster, Lobster Meat, Lobster Tail, and Lobster Claw), By Species (American Lobster, European Lobster, Spiny Lobster, and Rock Lobster), By Distribution Channel (Online and Offline), By Region, By Competition, 2019-2029

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Summary

Report Description

Forecast Period

2025-2029

Market Size (2023)

USD 5.8 Billion

CAGR (2024-2029)

8.8%

Fastest Growing Segment

Online

Largest Market

North America

Market Overview

Global Lobster Market was valued at USD 5.8 billion in 2023 and is anticipated to project robust growth in the forecast period with a CAGR of 8.8% through 2029. The global lobster market is a thriving and dynamic industry shaped by a delicate balance of factors including ecological trends, consumer demand, international trade dynamics, and sustainability efforts. Lobster, once considered a luxury food item, has transcended its status to become a sought-after delicacy on dinner tables worldwide.

North America, particularly the United States and Canada, stands as a dominant player in the lobster market, contributing significantly to both supply and consumption. However, other regions like Europe and Asia-Pacific also play pivotal roles in the global market. The demand for lobster is driven by its succulent taste and versatility in various culinary cuisines, propelling a consistent and robust market demand.

International trade forms the backbone of the global lobster market. Live lobster, frozen tails, and other processed forms are traded extensively across continents. The U.S. and Canada, with their rich lobster fisheries, often export their catches to meet demand in Asia, Europe, and other parts of the world. Trade agreements and tariffs significantly influence the flow of lobster products, impacting market dynamics and prices.

Sustainability has emerged as a critical concern within the lobster industry. Overfishing, habitat degradation, and climate change pose threats to lobster populations. Consequently, regulations and conservation efforts have been implemented to ensure the long-term viability of lobster fisheries. Measures such as size limits, seasonal restrictions, and marine protected areas aim to maintain healthy lobster stocks and preserve the ecosystem.

Consumer preferences also shape the global lobster market. The rise of gastronomic tourism and a growing appreciation for high-quality seafood have elevated lobster to a coveted culinary delicacy. Diverse cooking methods and culinary innovations have expanded the appeal of lobster dishes, influencing market trends and consumption patterns.

Looking ahead, the global lobster market is poised for continued growth, albeit amidst challenges. Balancing increasing demand with sustainability concerns will remain a focal point. Technological advancements in aquaculture and fishing practices, coupled with ongoing conservation efforts, are expected to shape the future of the industry, ensuring a sustainable supply of this prized crustacean for generations to come.

Key Market Drivers

Shifting Consumer Preferences and Culinary Trends

One of the primary drivers propelling the global lobster market is the evolving preferences and culinary trends among consumers worldwide. Lobster, once considered a luxury food item, has transcended its status to become a sought-after delicacy among a broader demographic. This shift is largely driven by changing dietary habits, rising disposable incomes, and a growing appreciation for high-quality seafood.

The increasing popularity of lobster can be attributed to its versatility in various cuisines. Its succulent, flavorful meat has found its way into diverse dishes, ranging from traditional lobster rolls in North America to lobster thermidor in Europe and innovative fusion dishes in Asia. As consumers become more adventurous in their culinary explorations, the demand for lobster continues to surge, fueling growth in both domestic and international markets.

Furthermore, the perception of lobster as a healthy and nutritious protein source has contributed to its rising demand. With a focus on health-conscious eating, consumers are drawn to seafood's health benefits, including its high protein content, omega-3 fatty acids, and relatively low levels of saturated fat. This nutritional profile aligns with the preferences of modern consumers seeking both indulgence and healthfulness in their food choices, further propelling the demand for lobster globally.

Sustainable Fishing Practices and Conservation Efforts

The sustainability of lobster fishing practices is a critical driver influencing the global market. Concerns over environmental conservation and the long-term viability of lobster populations have led to increased scrutiny and emphasis on sustainable fishing methods. Fisheries worldwide are implementing measures such as size limits, seasonal closures, and marine protected areas to ensure the responsible harvesting of lobsters.

Sustainability certifications and eco-labeling initiatives have also gained prominence, allowing consumers to make informed choices by opting for sustainably sourced lobsters. This focus on sustainability not only addresses environmental concerns but also responds to the growing demand from ethically conscious consumers who prioritize seafood products sourced through responsible fishing practices.

Additionally, technological advancements in fishing gear, monitoring systems, and aquaculture techniques have played a pivotal role in ensuring sustainable lobster harvesting. These innovations help minimize bycatch, reduce environmental impact, and promote the overall health and resilience of lobster populations, safeguarding the long-term sustainability of the market.

Market Accessibility and Global Trade Dynamics

The accessibility and global trade dynamics of the lobster market serve as another significant driver of its growth. Improved transportation infrastructure and logistical capabilities have facilitated the efficient movement of live and frozen lobsters across continents, allowing producers to reach new markets and consumers worldwide.

Moreover, international trade agreements and trade liberalization policies have fostered a more interconnected global marketplace for lobsters. This has enabled countries with abundant lobster resources to capitalize on export opportunities, driving the expansion of the market beyond regional borders. The accessibility of lobsters in diverse markets, coupled with efficient supply chains, has contributed to increased consumption and market growth.

In conclusion, the global lobster market is influenced by shifting consumer preferences favoring culinary diversity and health-conscious choices, sustainable fishing practices ensuring long-term viability, and the accessibility and interconnectedness of international trade. These drivers collectively shape the trajectory of the lobster industry, fostering growth while addressing environmental and consumer demands for high-quality, responsibly sourced seafood.


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Key Market Challenges

Sustainability and Environmental Concerns

One of the primary challenges facing the global lobster market is the risk of overfishing and the consequent depletion of lobster stocks. Increased demand coupled with inadequate management strategies can lead to unsustainable fishing practices, jeopardizing the long-term viability of lobster populations. Overexploitation in certain regions has already led to declines in lobster numbers, raising concerns about the ecological balance within marine ecosystems.

Climate change poses a significant threat to the lobster market. Rising sea temperatures, ocean acidification, and changes in marine habitats directly impact lobster populations. Lobsters are highly sensitive to water temperature and habitat conditions, making them susceptible to the effects of climate change. Alterations in their habitats or disruption of their reproductive cycles due to changing environmental conditions can adversely affect their abundance and distribution.

Market Volatility and Trade Dynamics

The global lobster market is susceptible to price volatility driven by fluctuations in supply and demand. Demand for lobsters varies seasonally and geographically, influenced by factors such as consumer preferences, economic conditions, and global trade patterns. Sudden shifts in demand or disruptions in supply due to environmental factors or trade regulations can lead to significant price swings, impacting both producers and consumers.

International trade regulations and tariffs can present obstacles to the lobster market. Changes in trade policies or imposition of tariffs between trading partners can disrupt established supply chains, affecting the flow of lobsters across borders. Trade disputes or protectionist measures can hinder market access and increase costs for both exporters and importers, creating uncertainty within the industry.

Regulatory Compliance and Sustainability Initiatives

Adhering to fishing regulations and sustainable harvesting practices is crucial for the long-term health of the lobster industry. However, ensuring widespread compliance with regulations across different regions and fisheries can be challenging. Striking a balance between conservation efforts and meeting market demands while enforcing effective fishing regulations remains a persistent challenge.

Certification and traceability initiatives, though beneficial for ensuring sustainability and quality, can pose challenges for the industry. Obtaining certifications like Marine Stewardship Council (MSC) can be a lengthy and costly process for fisheries. Additionally, establishing robust traceability mechanisms throughout the supply chain to authenticate sustainable practices and maintain product integrity requires substantial investment and coordination among stakeholders.

Addressing these challenges requires collaborative efforts among governments, industry players, conservation organizations, and consumers to implement effective management strategies, promote sustainable fishing practices, adapt to changing market dynamics, and mitigate the environmental impact on lobster populations. Finding a delicate balance between meeting market demands and preserving the long-term sustainability of lobster fisheries remains a critical task for the industry's future.

Key Market Trends

Increasing Demand for Sustainable and Traceable Lobster

A significant trend within the global lobster market revolves around the growing emphasis on sustainability and traceability. Consumers are increasingly conscious of the environmental impact of their food choices and are demanding ethically sourced and sustainably harvested seafood, including lobster. This trend has prompted stakeholders across the supply chain – from fishermen to processors to retailers – to adopt sustainable practices and traceability measures.

Certifications such as the Marine Stewardship Council (MSC) or the Aquaculture Stewardship Council (ASC) are becoming crucial for demonstrating responsible fishing practices and ensuring traceable supply chains. Consumers now seek assurance that the lobster they consume is caught or farmed in a manner that minimizes negative environmental impact, promotes conservation, and supports the well-being of coastal communities.

Shifts in Lobster Consumption Patterns and Market Expansion

The global consumption patterns of lobster are experiencing notable shifts, both in traditional markets and emerging regions. Historically, lobsters have been popular in North America, particularly in the United States and Canada. However, there's a rising demand in emerging markets across Asia, Europe, and the Middle East due to increased affluence, globalization, and evolving culinary preferences.

This shift in demand has led to market expansion efforts by exporters and suppliers, aiming to cater to these new consumer bases. Additionally, the diversification of lobster-based dishes in restaurants and increased availability in retail markets contribute to the globalization of lobster consumption, creating opportunities for market growth beyond its traditional strongholds.

Technological Advancements in Lobster Aquaculture and Supply Chain Efficiency

Advancements in technology are revolutionizing the lobster industry, particularly in aquaculture and supply chain management. Lobster aquaculture, once considered challenging due to the complex needs of these crustaceans, has seen significant progress. Innovative techniques in hatcheries, farming systems, and feed formulations have improved growth rates and survival rates, contributing to increased production and reduced pressure on wild stocks.

Furthermore, advancements in logistics, cold chain management, and transportation technologies have enhanced the efficiency of the lobster supply chain. From improved packaging solutions to real-time tracking systems, these innovations ensure that live lobsters reach markets worldwide in optimal conditions, maintaining their freshness and quality.

In conclusion, the global lobster market is evolving in response to changing consumer demands for sustainability and traceability, expanding consumption patterns across regions, and technological advancements in both aquaculture and supply chain management. Navigating these trends presents opportunities for stakeholders to meet evolving consumer expectations, expand market reach, and foster a more sustainable and efficient lobster industry.

Segmental Insights

Type Insights

Whole lobster stands as a prominent cornerstone in the global lobster market, symbolizing not only a culinary delight but also an embodiment of premium seafood luxury. Its substantial share in the market reflects a complex interplay of factors encompassing consumer preferences, culinary traditions, market dynamics, and the intricate nature of the lobster supply chain.

Whole lobster commands a significant share in the global market owing to its esteemed status as a delicacy revered across cultures. Renowned for its succulent, sweet meat and versatile culinary applications, this crustacean holds a special place in haute cuisine and casual dining alike. The whole lobster's visual appeal, presented in its entirety on a plate, adds to its allure, making it a centerpiece in gastronomic experiences around the world.

In various culinary traditions, the whole lobster embodies celebrations, special occasions, and fine dining experiences. Its presence on menus at upscale restaurants and seafood eateries highlights its cultural significance, often associated with luxury dining and indulgence. The ritualistic cracking open of a whole lobster to savor its tender meat forms part of a culinary experience steeped in tradition and appreciation for exceptional seafood.

The global demand for whole lobster remains robust due to its premium quality and the perception of superiority compared to other forms of lobster consumption, such as lobster tails or meat. Consumers worldwide seek out whole lobsters for their freshness, flavor, and the sensory experience they offer. Additionally, the whole lobster's versatility in preparation methods, whether grilled, steamed, or boiled, further enhances its appeal to a broad spectrum of consumers.

The supply chain intricacies of whole lobster play a significant role in its market dominance. Lobster fisheries and aquaculture operations cater to the demand for these crustaceans, with whole lobsters being a key product for export and domestic markets. The economic value of whole lobster drives fishing industries in regions like North America, Europe, and Asia-Pacific, contributing substantially to local economies and international trade.

Despite its stronghold in the market, challenges related to sustainability and environmental concerns persist. Efforts towards responsible fishing practices and aquaculture innovations are crucial to ensuring the long-term viability of whole lobster in the global market. Sustainable practices and initiatives aimed at preserving lobster populations will be integral to sustaining the market's growth.

In essence, the significant share of whole lobster in the global market is a testament to its culinary prestige, cultural significance, consumer demand, and economic importance. Its enduring appeal as a premium seafood choice and its ability to evoke gastronomic delight ensure its continued dominance in the diverse and ever-evolving landscape of the global lobster market.

Distribution Channel Insights

The digital realm has carved out a substantial niche within the global lobster market, revolutionizing the way this coveted seafood is bought, sold, and distributed worldwide. The emergence of online platforms has significantly impacted the lobster trade, creating new avenues for both suppliers and consumers while reshaping the dynamics of this centuries-old industry.

Online channels have democratized access to the global lobster market, breaking geographical barriers and facilitating trade on an unprecedented scale. Through e-commerce platforms and digital marketplaces, suppliers can showcase their lobster harvests to a vast global audience. This expanded reach allows for direct connections between lobster fishermen, seafood wholesalers, and consumers across continents, fostering a more interconnected marketplace.

The digital landscape has brought about greater transparency and traceability to the lobster trade. Consumers, now more than ever, are invested in knowing the origins of their food. Online platforms often provide detailed information about the lobster's source, fishing methods employed, and sustainability practices followed by the suppliers. This transparency builds trust and confidence among consumers, especially those who prioritize ethical and sustainable seafood consumption.

Digital platforms streamline the supply chain in the lobster industry, optimizing logistics and reducing inefficiencies. Real-time tracking systems and online ordering platforms enable suppliers to manage inventory more effectively. Additionally, these systems facilitate smoother coordination between fishermen, processors, distributors, and retailers, ultimately ensuring fresher and more efficiently delivered lobsters to end consumers.

Online platforms offer a wealth of data and analytics, providing invaluable insights into consumer behavior and market trends. This data helps suppliers understand consumer preferences, allowing them to tailor their offerings accordingly. Through targeted marketing strategies and personalized experiences, suppliers can better meet the demands of diverse consumer segments, further fueling the growth of the online lobster market.

Despite its rapid growth, the online lobster market faces challenges, including concerns about shipping logistics, maintaining product quality during transit, and ensuring regulatory compliance across borders. However, these challenges also present opportunities for innovation and technological advancements aimed at overcoming these hurdles, further solidifying the online market's position in the global lobster trade.

The online presence in the global lobster market has transformed the industry landscape, offering unprecedented accessibility, transparency, and efficiency. As technology continues to evolve, the online segment is poised to play an increasingly significant role, revolutionizing how lobsters are sourced, traded, and enjoyed by consumers worldwide. The digital realm has become an integral part of the lobster trade, reshaping the market and enhancing the overall consumer experience in this thriving seafood industry.


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Regional Insights

North America stands as a dominant force in the global lobster market, showcasing its prowess in both production and consumption of this prized crustacean. Renowned for its exceptional taste and culinary versatility, lobster has become an iconic seafood delicacy, and North America's contribution to the industry is undeniable.

The abundance of lobster fisheries along the eastern coast of North America, particularly in regions like Maine in the United States and the Maritime provinces of Canada, forms the backbone of the continent's prominence in the global market. These areas boast rich, cold waters that serve as the ideal habitat for lobsters, resulting in plentiful catches that support a thriving industry.

North America is home to the American lobster (Homarus americanus), a highly sought-after species revered for its sweet, succulent meat. Its superior taste and texture have solidified its status as a premium seafood choice worldwide, contributing significantly to North America's foothold in the global market. The meticulous care taken in fishing and handling these prized lobsters ensures a high-quality product, meeting the demanding standards of international consumers.

North America's influence extends beyond its production capabilities. The region's culinary prowess and the popularity of lobster dishes have significantly contributed to the global demand for this delicacy. Lobster bisque, grilled lobster tails, lobster rolls, and other gourmet preparations have gained widespread acclaim, further fueling the worldwide fascination with North American lobster.

North America's robust export infrastructure has facilitated the distribution of its lobster bounty to international markets. The United States and Canada, in particular, have established themselves as major exporters, supplying fresh, frozen, and processed lobster products to countries across the globe. This trade contributes significantly to the economic prosperity of coastal communities and the overall seafood industry in North America.

Efforts toward sustainable fishing practices have been instrumental in maintaining the health of lobster populations. Both the United States and Canada have implemented stringent regulations and conservation measures to ensure the long-term sustainability of lobster fisheries. Industry players have adapted to these practices, prioritizing responsible harvesting methods and environmental stewardship.

North America's significant share in the global lobster market is poised for continued growth. With a dedication to quality, a deep-rooted tradition of lobster fishing, and an ever-evolving approach to sustainability, the region remains a powerhouse in meeting the world's appetite for this esteemed seafood delicacy. As consumer demand persists and culinary creativity flourishes, North America's role in the global lobster market is set to endure and thrive.

Recent Developments

In November 2022, a West Australian company specializing in seafood exports and an Indian distribution company specializing in importing high-quality seafood have successfully concluded talks. As a result, live Western coast rock lobsters, renowned for their succulent taste and firm texture, will shortly be sent to India, bringing a unique delicacy to the Indian market. This collaboration marks a significant milestone in the seafood trade between the two countries and opens up new opportunities for bilateral trade growth.

In June 2022, High Liner Foods, a major North American value-added frozen seafood manufacturer, made an exciting announcement. Recognizing the importance of continuous innovation and meeting the evolving demands of customers, the company revealed its plans to invest further in updating its Newport News facility. This investment will not only involve the introduction of state-of-the-art machinery but also the addition of new product lines, allowing High Liner Foods to offer an even wider range of high-quality frozen seafood options to its loyal customers. The commitment to modernization and expansion reflects the company's dedication to delivering excellence and maintaining its position as a leader in the industry.

Key Market Players

  • Boston Lobster
  • Tangier Lobster
  • Clearwater Seafoods
  • East Coast Seafood
  • Geraldton Fishermen’s Co-operative
  • PESCANOVA ESPAÑA
  • High Liner Foods Incorporated
  • Supreme Lobster
  • Thai Union Manufacturing Company
  • Douty Bros Inc.

By Type

By Species

By Distribution Channel

By Region
  • Whole Lobster
  • Lobster Meat
  • Lobster Tail
  • Lobster Claw
  • American Lobster
  • European Lobster
  • Spiny Lobster
  • Rock Lobster
  • Online
  • Offline
  • North America
  • Europe
  • Asia Pacific
  • South America
  • Middle East & Africa

 

Report Scope:

In this report, the global lobster market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

  • Lobster Market, By Type:

o   Whole Lobster

o   Lobster Meat

o   Lobster Tail

o   Lobster Claw                                    

  • Lobster Market, By Species:

o   American Lobster

o   European Lobster

o   Spiny Lobster

o   Rock Lobster                                           

  • Lobster Market, By Distribution Channel:

o   Online

o   Offline              

  • Lobster Market, By Region:

o   North America

§  United States

§  Canada

§  Mexico

o   Europe

§  France

§  United Kingdom

§  Italy

§  Germany

§  Spain

o   Asia-Pacific

§  China

§  India

§  Japan

§  Australia

§  South Korea

o   South America

§  Brazil

§  Argentina

§  Colombia

o   Middle East & Africa

§  South Africa

§  Saudi Arabia

§  UAE

§  Turkey

§  Egypt

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the global lobster market.

Available Customizations:

Global Lobster Market report with the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

Global Lobster Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1.    Introduction

1.1.  Product Overview

1.2.  Key Highlights of the Report

1.3.  Market Coverage

1.4.  Market Segments Covered

1.5.  Research Tenure Considered

2.    Research Methodology

2.1.  Objective of the Study

2.2.  Baseline Methodology

2.3.  Key Industry Partners

2.4.  Major Association and Secondary Sources

2.5.  Forecasting Methodology

2.6.  Data Triangulation & Validation

2.7.  Assumptions and Limitations

3.    Executive Summary

3.1.  Market Overview

3.2.  Market Forecast

3.3.  Key Regions

3.4.  Key Segments

4.    Voice of Customer

4.1.  Factors Influencing Purchase Decision

4.2.  Challenges Faced Post Purchase

4.3.  Brand Awareness

5.    Global Lobster Market Outlook

5.1.  Market Size & Forecast

5.1.1.    By Value

5.2.  Market Share & Forecast 

5.2.1.    By Type Market Share Analysis (Whole Lobster, Lobster Meat, Lobster Tail, and Lobster Claw)

5.2.2.    By Species Market Share Analysis (American Lobster, European Lobster, Spiny Lobster, and Rock Lobster)

5.2.3.    By Distribution Channel Market Share Analysis (Online and Offline)

5.2.4.    By Regional Market Share Analysis

5.2.4.1.        North America Market Share Analysis

5.2.4.2.        South America Market Share Analysis

5.2.4.3.        Middle East & Africa Market Share Analysis

5.2.4.4.        Europe Market Share Analysis

5.2.4.5.        Asia-Pacific Market Share Analysis

5.2.5.    By Top 5 Companies Market Share Analysis, Others (2023)

5.3.  Global Lobster Market Mapping & Opportunity Assessment

5.3.1.    By Type Market Mapping & Opportunity Assessment

5.3.2.    By Species Market Mapping & Opportunity Assessment

5.3.3.    By Distribution Channel Market Mapping & Opportunity Assessment

5.3.4.    By Region Channel Market Mapping & Opportunity Assessment

6.    North America Lobster Market Outlook

6.1.  Market Size & Forecast      

6.1.1.    By Value

6.2.  Market Share & Forecast

6.2.1.    By Type Market Share Analysis

6.2.2.    By Species Market Share Analysis

6.2.3.    By Distribution Channel Market Share Analysis

6.3.  North America: Country Analysis

6.3.1.    United States Lobster Market Outlook

6.3.1.1.        Market Size & Forecast

6.3.1.1.1.           By Value

6.3.1.2.        Market Share & Forecast

6.3.1.2.1.           By Type Market Share Analysis

6.3.1.2.2.           By Species Market Share Analysis

6.3.1.2.3.           By Distribution Channel Market Share Analysis

6.3.2.    Canada Lobster Market Outlook

6.3.2.1.        Market Size & Forecast

6.3.2.1.1.           By Value

6.3.2.2.        Market Share & Forecast

6.3.2.2.1.           By Type Market Share Analysis

6.3.2.2.2.           By Species Market Share Analysis

6.3.2.2.3.           By Distribution Channel Market Share Analysis

6.3.3.    Mexico Lobster Market Outlook

6.3.3.1.        Market Size & Forecast

6.3.3.1.1.           By Value

6.3.3.2.        Market Share & Forecast

6.3.3.2.1.           By Type Market Share Analysis

6.3.3.2.2.           By Species Market Share Analysis

6.3.3.2.3.           By Distribution Channel Market Share Analysis

7.    Europe Lobster Market Outlook

7.1.  Market Size & Forecast      

7.1.1.    By Value

7.2.  Market Share & Forecast

7.2.1.    By Type Market Share Analysis

7.2.2.    By Species Market Share Analysis

7.2.3.    By Distribution Channel Market Share Analysis

7.3.  Europe: Country Analysis

7.3.1.    Germany Lobster Market Outlook

7.3.1.1.        Market Size & Forecast

7.3.1.1.1.           By Value

7.3.1.2.        Market Share & Forecast

7.3.1.2.1.           By Type Market Share Analysis

7.3.1.2.2.           By Species Market Share Analysis

7.3.1.2.3.           By Distribution Channel Market Share Analysis

7.3.2.    United Kingdom Lobster Market Outlook

7.3.2.1.        Market Size & Forecast

7.3.2.1.1.           By Value

7.3.2.2.        Market Share & Forecast

7.3.2.2.1.           By Type Market Share Analysis

7.3.2.2.2.           By Species Market Share Analysis

7.3.2.2.3.           By Distribution Channel Market Share Analysis

7.3.3.    Italy Lobster Market Outlook

7.3.3.1.        Market Size & Forecast

7.3.3.1.1.           By Value

7.3.3.2.        Market Share & Forecast

7.3.3.2.1.           By Type Market Share Analysis

7.3.3.2.2.           By Species Market Share Analysis

7.3.3.2.3.           By Distribution Channel Market Share Analysis

7.3.4.    France Lobster Market Outlook

7.3.4.1.        Market Size & Forecast

7.3.4.1.1.           By Value

7.3.4.2.        Market Share & Forecast

7.3.4.2.1.           By Type Market Share Analysis

7.3.4.2.2.           By Species Market Share Analysis

7.3.4.2.3.           By Distribution Channel Market Share Analysis

7.3.5.    Spain Lobster Market Outlook

7.3.5.1.        Market Size & Forecast

7.3.5.1.1.           By Value

7.3.5.2.        Market Share & Forecast

7.3.5.2.1.           By Type Market Share Analysis

7.3.5.2.2.           By Species Market Share Analysis

7.3.5.2.3.           By Distribution Channel Market Share Analysis

8.    Asia-Pacific Lobster Market Outlook

8.1.  Market Size & Forecast      

8.1.1.    By Value

8.2.  Market Share & Forecast

8.2.1.    By Type Market Share Analysis

8.2.2.    By Species Market Share Analysis

8.2.3.    By Distribution Channel Market Share Analysis

8.3.  Asia-Pacific: Country Analysis

8.3.1.    China Lobster Market Outlook

8.3.1.1.        Market Size & Forecast

8.3.1.1.1.           By Value

8.3.1.2.        Market Share & Forecast

8.3.1.2.1.           By Type Market Share Analysis

8.3.1.2.2.           By Species Market Share Analysis

8.3.1.2.3.           By Distribution Channel Market Share Analysis

8.3.2.    India Lobster Market Outlook

8.3.2.1.        Market Size & Forecast

8.3.2.1.1.           By Value

8.3.2.2.        Market Share & Forecast

8.3.2.2.1.           By Type Market Share Analysis

8.3.2.2.2.           By Species Market Share Analysis

8.3.2.2.3.           By Distribution Channel Market Share Analysis

8.3.3.    Japan Lobster Market Outlook

8.3.3.1.        Market Size & Forecast

8.3.3.1.1.           By Value

8.3.3.2.        Market Share & Forecast

8.3.3.2.1.           By Type Market Share Analysis

8.3.3.2.2.           By Species Market Share Analysis

8.3.3.2.3.           By Distribution Channel Market Share Analysis

8.3.4.    South Korea Lobster Market Outlook

8.3.4.1.        Market Size & Forecast

8.3.4.1.1.           By Value

8.3.4.2.        Market Share & Forecast

8.3.4.2.1.           By Type Market Share Analysis

8.3.4.2.2.           By Species Market Share Analysis

8.3.4.2.3.           By Distribution Channel Market Share Analysis

8.3.5.    Australia Lobster Market Outlook

8.3.5.1.        Market Size & Forecast

8.3.5.1.1.           By Value

8.3.5.2.        Market Share & Forecast

8.3.5.2.1.           By Type Market Share Analysis

8.3.5.2.2.           By Species Market Share Analysis

8.3.5.2.3.           By Distribution Channel Market Share Analysis

9.    South America Lobster Market Outlook

9.1.  Market Size & Forecast      

9.1.1.    By Value

9.2.  Market Share & Forecast

9.2.1.    By Type Market Share Analysis

9.2.2.    By Species Market Share Analysis

9.2.3.    By Distribution Channel Market Share Analysis

9.3.  South America: Country Analysis

9.3.1.    Brazil Lobster Market Outlook

9.3.1.1.        Market Size & Forecast

9.3.1.1.1.           By Value

9.3.1.2.        Market Share & Forecast

9.3.1.2.1.           By Type Market Share Analysis

9.3.1.2.2.           By Species Market Share Analysis

9.3.1.2.3.           By Distribution Channel Market Share Analysis

9.3.2.    Argentina Lobster Market Outlook

9.3.2.1.        Market Size & Forecast

9.3.2.1.1.           By Value

9.3.2.2.        Market Share & Forecast

9.3.2.2.1.           By Type Market Share Analysis

9.3.2.2.2.           By Species Market Share Analysis

9.3.2.2.3.           By Distribution Channel Market Share Analysis

9.3.3.    Colombia Lobster Market Outlook

9.3.3.1.        Market Size & Forecast

9.3.3.1.1.           By Value

9.3.3.2.        Market Share & Forecast

9.3.3.2.1.           By Type Market Share Analysis

9.3.3.2.2.           By Species Market Share Analysis

9.3.3.2.3.           By Distribution Channel Market Share Analysis

10. Middle East and Africa Lobster Market Outlook

10.1.            Market Size & Forecast        

10.1.1. By Value

10.2.            Market Share & Forecast

10.2.1. By Type Market Share Analysis

10.2.2. By Species Market Share Analysis

10.2.3. By Distribution Channel Market Share Analysis

10.3.            MEA: Country Analysis

10.3.1. South Africa Lobster Market Outlook

10.3.1.1.     Market Size & Forecast

10.3.1.1.1.         By Value

10.3.1.2.     Market Share & Forecast

10.3.1.2.1.         By Type Market Share Analysis

10.3.1.2.2.         By Species Market Share Analysis

10.3.1.2.3.         By Distribution Channel Market Share Analysis

10.3.2. Saudi Arabia Lobster Market Outlook

10.3.2.1.     Market Size & Forecast

10.3.2.1.1.         By Value

10.3.2.2.     Market Share & Forecast

10.3.2.2.1.         By Type Market Share Analysis

10.3.2.2.2.         By Species Market Share Analysis

10.3.2.2.3.         By Distribution Channel Market Share Analysis

10.3.3. UAE Lobster Market Outlook

10.3.3.1.     Market Size & Forecast

10.3.3.1.1.         By Value

10.3.3.2.     Market Share & Forecast

10.3.3.2.1.         By Type Market Share Analysis

10.3.3.2.2.         By Species Market Share Analysis

10.3.3.2.3.         By Distribution Channel Market Share Analysis

10.3.4. Turkey Lobster Market Outlook

10.3.4.1.     Market Size & Forecast

10.3.4.1.1.         By Value

10.3.4.2.     Market Share & Forecast

10.3.4.2.1.         By Type Market Share Analysis

10.3.4.2.2.         By Species Market Share Analysis

10.3.4.2.3.         By Distribution Channel Market Share Analysis

10.3.5. Egypt Lobster Market Outlook

10.3.5.1.     Market Size & Forecast

10.3.5.1.1.         By Value

10.3.5.2.     Market Share & Forecast

10.3.5.2.1.         By Type Market Share Analysis

10.3.5.2.2.         By Species Market Share Analysis

10.3.5.2.3.         By Distribution Channel Market Share Analysis

11. Market Dynamics

11.1.            Drivers

11.2.            Challenges

12. Market Trends & Developments

13. SWOT Analysis

13.1.            Strength

13.2.            Weakness

13.3.            Opportunity

13.4.            Threat

14. Competitive Landscape

14.1.            Company Profiles

14.1.1. Boston Lobster

14.1.1.1.     Company Details

14.1.1.2.     Products & Services

14.1.1.3.     Financials (As Per Availability)

14.1.1.4.     Key Market Focus & Geographical Presence

14.1.1.5.     Recent Developments

14.1.1.6.     Key Management Personnel

14.1.2. Tangier Lobster

14.1.2.1.     Company Details

14.1.2.2.     Products & Services

14.1.2.3.     Financials (As Per Availability)

14.1.2.4.     Key Market Focus & Geographical Presence

14.1.2.5.     Recent Developments

14.1.2.6.     Key Management Personnel

14.1.3. Clearwater Seafoods

14.1.3.1.     Company Details

14.1.3.2.     Products & Services

14.1.3.3.     Financials (As Per Availability)

14.1.3.4.     Key Market Focus & Geographical Presence

14.1.3.5.     Recent Developments

14.1.3.6.     Key Management Personnel

14.1.4. East Coast Seafood

14.1.4.1.     Company Details

14.1.4.2.     Products & Services

14.1.4.3.     Financials (As Per Availability)

14.1.4.4.     Key Market Focus & Geographical Presence

14.1.4.5.     Recent Developments

14.1.4.6.     Key Management Personnel

14.1.5. Geraldton Fishermen’s Co-operative

14.1.5.1.     Company Details

14.1.5.2.     Products & Services

14.1.5.3.     Financials (As Per Availability)

14.1.5.4.     Key Market Focus & Geographical Presence

14.1.5.5.     Recent Developments

14.1.5.6.     Key Management Personnel

14.1.6. PESCANOVA ESPAÑA

14.1.6.1.     Company Details

14.1.6.2.     Products & Services

14.1.6.3.     Financials (As Per Availability)

14.1.6.4.     Key Market Focus & Geographical Presence

14.1.6.5.     Recent Developments

14.1.6.6.     Key Management Personnel

14.1.7. High Liner Foods Incorporated

14.1.7.1.     Company Details

14.1.7.2.     Products & Services

14.1.7.3.     Financials (As Per Availability)

14.1.7.4.     Key Market Focus & Geographical Presence

14.1.7.5.     Recent Developments

14.1.7.6.     Key Management Personnel

14.1.8. Supreme Lobster

14.1.8.1.     Company Details

14.1.8.2.     Products & Services

14.1.8.3.     Financials (As Per Availability)

14.1.8.4.     Key Market Focus & Geographical Presence

14.1.8.5.     Recent Developments

14.1.8.6.     Key Management Personnel

14.1.9. Thai Union Manufacturing Company

14.1.9.1.     Company Details

14.1.9.2.     Products & Services

14.1.9.3.     Financials (As Per Availability)

14.1.9.4.     Key Market Focus & Geographical Presence

14.1.9.5.     Recent Developments

14.1.9.6.     Key Management Personnel

14.1.10.              Douty Bros Inc.

14.1.10.1.  Company Details

14.1.10.2.  Products & Services

14.1.10.3.  Financials (As Per Availability)

14.1.10.4.  Key Market Focus & Geographical Presence

14.1.10.5.  Recent Developments

14.1.10.6.  Key Management Personnel

15. Strategic Recommendations

15.1.            Key Focus Areas

15.2.            Target Type

15.3.            Target Distribution Channel

16. About Us & Disclaimer

Figures and Tables

Frequently asked questions

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The market size of the global lobster market was estimated to be USD 5.8 billion in 2023.

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The global lobster market is witnessing rising demand for sustainably sourced and premium-quality lobster products, with a notable surge in Asian markets driving increased consumption and culinary innovation.

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Challenges in the global lobster market encompass sustainability concerns regarding fluctuating populations due to climate change, while also navigating market volatility influenced by international trade dynamics and consumer preferences.

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The major drivers for the global lobster market include increased demand for premium seafood, North America's abundant lobster fisheries, and culinary innovation fuelling worldwide fascination with lobster dishes.

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Parvati Sharma

Account Manager BD
Press Release

Lobster Market to Grow with a CAGR of 8.8% Globally through 2029

Dec, 2023

Global Lobster Market is propelled by shifting consumer preferences favoring culinary diversity and health-conscious choices, sustainable fishing practices ensuring long-term viability

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