PUBLISHER: Renub Research | PRODUCT CODE: 1463202
PUBLISHER: Renub Research | PRODUCT CODE: 1463202
Global Lobster Market Report by Species, Weight, Product Types, Distribution Channel, Region and Company Analysis 2024-2032
Global Lobster Market was at US$ 6.36 Billion in 2023. It is anticipated to amplify at a CAGR of 8.81% from 2024 to 2032 and attain a valuation of US$ 13.60 Billion through 2032.
Lobsters, known as sea-dwelling crustaceans, are easily recognized by their difficult outer shell, vast pincers, and lengthy sensory appendages. They're packed with important nutrients which include protein, omega-3 fatty acids, vitamins, and minerals like zinc, selenium, copper, magnesium, phosphorous, and calcium, supplying more than a few fitness blessings. Regular lobster consumption can assist enhance metabolism, useful resource in weight control, beautify brain characteristic, and decrease the danger of heart disease and stroke via mitigating oxidative strain and inflammation. Additionally, lobster consumption may contribute to managing situations like lupus, eczema, and rheumatoid arthritis whilst supporting decrease levels of cholesterol and guarding towards continual degenerative diseases.
Company Recent Developments in the Lobster Market
- March 2024, Brazilian seafood processors Frescatto and Prime Seafood introduced their merger the brand-new entity, based totally in Rio de Janeiro, operated under the Frescatto name.
- In March 2024, Phillips Foods acquired two centers in Canada to process lobster and snow crab. This acquisition coincided with the launch of recent products.
- In March 2023, East Coast Seafood Group and Whitecap International Seafood Exporters from the Northeast US and Atlantic Canada collaborated to develop, technique, and marketplace numerous frozen and pasteurized products offering lobster, snow crab, coldwater shrimp, and other species.
- In May 2023, Premium Brands introduced its focus on several "downstream" acquisitions for its Clearwater Seafoods division, which aims to transition the employer into the cost-delivered space.
- In February 2023, Northern Wind debuted a new line of lobster products at the Seafood Expo North America
Health Benefits of Consuming Lobster
- Lobster provides crucial nutrients like selenium and omega-3 fatty acids, B12, magnesium, and diet E. Research shows that these nutrients can alleviate aggression and melancholy in adults. Furthermore, selenium can also provide protection against most cancers, thyroid troubles, and cognitive issues, among different situations.
- Eating shellfish like lobster supports brain fitness and cognitive characteristics because of its rich nutrition and mineral content. Lobster incorporates B12, which is critical for nerve health and aids mental function. Lobster includes choline, which complements mind productivity and neurotransmitter development and helps prevent Alzheimer's, dementia, and Parkinson's.
- Lobster is rich in critical nutrients like calcium, vitamin A, iron, copper, zinc, phosphorus, selenium, and vitamin B1, promoting normal fitness. As consistent with the American Department of Agriculture, a cup of cooked lobster presents around 28 grams of protein and 129 calories. With simply 1 gram of fat and 0 grams of carbohydrates, lobster is a healthy protein choice for any meal.
Asia Pacific is the Home of Lobster Consumers
Asia leads the way in the global traditional seafood trade and is poised to broaden its influence in the emerging alternative seafood sector. With substantial production and investment endeavors underway in Singapore, Japan, Thailand, and Hong Kong, Asia seeks to foster innovation and attain competitive pricing compared to conventional seafood products. Despite an anticipated decline in Asian demand, global seafood consumption is forecasted to rise gradually, projected to reach 21.2 kilograms per capita over the next decade, up from an average of 20.4 kilograms recorded between 2020 and 2022, according to a recent OECD/FAO report.
In China, lobster holds prestigious status as a premium seafood, frequently savored during special occasions and in upscale dining experiences. From simple steamed or grilled preparations to elaborate dishes like Cantonese-style lobster or lobster in spicy sauce, lobster offerings cater to varied tastes. China's appetite for lobster remains substantial, with annual imports estimated between 62 Million to 72 Million pounds, as disclosed at the shellfish panel during the 2023 Global Seafood Market Conference held in Palm Springs, California, USA, in January 2023.
Global Lobster Market Company News
The prominent players in the worldwide lobster industry are Thai Union Manufacturing Company Ltd, Clearwater Seafoods, Boston Lobster, High Liner Foods Incorporated, East Coast Seafood Group, Geraldton Fishermen's Co-operative, PESCANOVA ESPANA SL, Supreme Lobster, and Tangier Lobster.
New Product Launches in 2024
January: Marin Skincare unveiled an extension to its cosmetic offerings, incorporating lip treatments formulated with upcycled lobster by products among its ingredients.
February: Tignish, Prince Edward Island, introduced a lobster dip, marking the debut of several upcoming products aimed at creating additional employment opportunities at the plant and utilizing excess lobster and crab meat.
Species - Global Lobster Market breakup in 4 viewpoints:
1. American Lobster
2. European Lobster
3. Spiny Lobster
4. Rock Lobster
Weight - Global Lobster Market breakup in 3 viewpoints:
1. 0.5 - 0.75 lbs
2. 0.76 - 3.0 lbs
3. Over 3 lbs
Product Types - Global Lobster Market breakup in 3 viewpoints:
1. Whole Lobster
2. Lobster Tail
3. Lobster Meat
Distribution Channel - Global Lobster Market breakup in 2 viewpoints:
1. Food Service
2. Retail
Country - Global Lobster Market breakup of 25 Countries:
1. North America
- 1.1 United States
- 1.2 Canada
2 Europe
- 2.1 France
- 2.2 Germany
- 2.3 Italy
- 2.4 Spain
- 2.5 United Kingdom
- 2.6 Belgium
- 2.7 Netherlands
- 2.8 Turkey
3. Asia Pacific
- 3.1 China
- 3.2 Japan
- 3.3 India
- 3.4 South Korea
- 3.5 Thailand
- 3.6 Malaysia
- 3.7 Indonesia
- 3.8 Australia
- 3.9 New Zealand
4. Latin America
- 4.1 Brazil
- 4.2 Mexico
- 4.3 Argentina
5. Middle East & Africa
- 5.1 Saudi Arabia
- 5.2 United Arab Emirates
- 5.3 South Africa
All the Key players have been covered from 3 Viewpoints:
- Overview
- Recent Development
- Revenue Analysis
Company Analysis:
1. Boston Lobster
2. Clearwater Seafoods
3. High Liner Foods Incorporated
4. Thai Union Manufacturing Company Ltd,
5. East Coast Seafood Group
6. Geraldton Fishermen's Co-operative
7. PESCANOVA ESPANA SL,
8. Supreme Lobster
9. Tangier Lobster
Table of Contents
1. Introduction
2. Research Methodology
3. Executive Summary
4. Market Dynamics
- 4.1 Growth Drivers
- 4.2 Challenges
5. Global Lobster Market
6. Market Share - Global Lobster Analysis
- 6.1 By Species
- 6.2 By Weight
- 6.3 By Product Type
- 6.4 By Distribution Channel
- 6.5 By Countries
7. Species - Global Lobster Market
- 7.1 American Lobster
- 7.2 European Lobster
- 7.3 Spiny Lobster
- 7.4 Rock Lobster
8. Weight - Global Lobster Market
- 8.1 0.5 - 0.75 lbs
- 8.2 0.76 - 3.0 lbs
- 8.3 Over 3 lbs
9. Product Types - Global Lobster Market
- 9.1 Whole Lobster
- 9.2 Lobster Tail
- 9.3 Lobster Meat
10. Distribution Channel - Global Lobster Market
- 10.1 Food Service
- 10.2 Retail
11. Countries - Global Lobster Market
- 11.1 North America
- 11.1.1 United States
- 11.1.2 Canada
- 11.2 Europe
- 11.2.1 France
- 11.2.2 Germany
- 11.2.3 Italy
- 11.2.4 Spain
- 11.2.5 United Kingdom
- 11.2.6 Belgium
- 11.2.7 Netherlands
- 11.2.8 Turkey
- 11.3 Asia Pacific
- 11.3.1 China
- 11.3.2 Japan
- 11.3.3 India
- 11.3.4 South Korea
- 11.3.5 Thailand
- 11.3.6 Malaysia
- 11.3.7 Indonesia
- 11.3.8 Australia
- 11.3.9 New Zealand
- 11.4 Latin America
- 11.4.1 Brazil
- 11.4.2 Mexico
- 11.4.3 Argentina
- 11.5 Middle East & Africa
- 11.5.1 Saudi Arabia
- 11.5.2 United Arab Emirates
- 11.5.3 South Africa
12. Porter's Five Forces Analysis - Global Lobster Market
- 12.1 Bargaining Power of Buyers
- 12.2 Bargaining Power of Suppliers
- 12.3 Degree of Competition
- 12.4 Threat of New Entrants
- 12.5 Threat of Substitutes
13. SWOT Analysis - Global Lobster Market
- 13.1 Strength
- 13.2 Weakness
- 13.3 Opportunity
- 13.4 Threats
14. Key Players Analysis
- 14.1 Boston Lobster
- 14.1.1 Overview
- 14.1.2 Recent Development
- 14.1.3 Revenue
- 14.2 Clearwater Seafoods
- 14.2.1 Overview
- 14.2.2 Recent Development
- 14.2.3 Revenue
- 14.3 High Liner Foods Incorporated
- 14.3.1 Overview
- 14.3.2 Recent Development
- 14.3.3 Revenue
- 14.4 Thai Union Manufacturing Company Ltd
- 14.4.1 Overview
- 14.4.2 Recent Development
- 14.4.3 Revenue
- 14.5 East Coast Seafood Group
- 14.5.1 Overview
- 14.5.2 Recent Development
- 14.6 Geraldton Fishermen's Co-operative
- 14.6.1 Overview
- 14.6.2 Recent Development
- 14.7 PESCANOVA ESPANA SL
- 14.7.1 Overview
- 14.7.2 Recent Development
- 14.8 Supreme Lobster
- 14.8.1 Overview
- 14.8.2 Recent Development
- 14.9 Tangier Lobster
- 14.9.1 Overview
- 14.9.2 Recent Development
List of Figures
- Figure-01: Global - Lobster Market (Billion US$), 2019 - 2023
- Figure-02: Global - Forecast for Lobster Market (Billion US$), 2024 - 2032
- Figure-03: Species - American Lobster Market (Million US$), 2019 - 2023
- Figure-04: Species - Forecast for American Lobster Market (Million US$), 2024 - 2032
- Figure-05: Species - European Lobster Market (Million US$), 2019 - 2023
- Figure-06: Species - Forecast for European Lobster Market (Million US$), 2024 - 2032
- Figure-07: Species - Spiny Lobster Market (Million US$), 2019 - 2023
- Figure-08: Species - Forecast for Spiny Lobster Market (Million US$), 2024 - 2032
- Figure-09: Species - Rock Lobster Market (Million US$), 2019 - 2023
- Figure-10: Species - Forecast for Rock Lobster Market (Million US$), 2024 - 2032
- Figure-11: Weight - 0.5 - 0.75 lbs Market (Million US$), 2019 - 2023
- Figure-12: Weight - Forecast for 0.5 - 0.75 lbs Market (Million US$), 2024 - 2032
- Figure-13: Weight - 0.76 - 3.0 lbs Market (Million US$), 2019 - 2023
- Figure-14: Weight - Forecast for 0.76 - 3.0 lbs Market (Million US$), 2024 - 2032
- Figure-15: Weight - Over 3 lbs Market (Million US$), 2019 - 2023
- Figure-16: Weight - Forecast for Over 3 lbs Market (Million US$), 2024 - 2032
- Figure-17: Product Type - Whole Lobster Market (Million US$), 2019 - 2023
- Figure-18: Product Type - Forecast for Whole Lobster Market (Million US$), 2024 - 2032
- Figure-19: Product Type - Lobster Tail Market (Million US$), 2019 - 2023
- Figure-20: Product Type - Forecast for Lobster Tail Market (Million US$), 2024 - 2032
- Figure-21: Product Type - Lobster Meat Market (Million US$), 2019 - 2023
- Figure-22: Product Type - Forecast for Lobster Meat Market (Million US$), 2024 - 2032
- Figure-23: Distribution Channel - Food Service Market (Million US$), 2019 - 2023
- Figure-24: Distribution Channel - Forecast for Food Service Market (Million US$), 2024 - 2032
- Figure-25: Distribution Channel - Retail Market (Million US$), 2019 - 2023
- Figure-26: Distribution Channel - Forecast for Retail Market (Million US$), 2024 - 2032
- Figure-27: United States - Lobster Market (Million US$), 2019 - 2023
- Figure-28: United States - Forecast for Lobster Market (Million US$), 2024 - 2032
- Figure-29: Canada - Lobster Market (Million US$), 2019 - 2023
- Figure-30: Canada - Forecast for Lobster Market (Million US$), 2024 - 2032
- Figure-31: France - Lobster Market (Million US$), 2019 - 2023
- Figure-32: France - Forecast for Lobster Market (Million US$), 2024 - 2032
- Figure-33: Germany - Lobster Market (Million US$), 2019 - 2023
- Figure-34: Germany - Forecast for Lobster Market (Million US$), 2024 - 2032
- Figure-35: Italy - Lobster Market (Million US$), 2019 - 2023
- Figure-36: Italy - Forecast for Lobster Market (Million US$), 2024 - 2032
- Figure-37: Spain - Lobster Market (Million US$), 2019 - 2023
- Figure-38: Spain - Forecast for Lobster Market (Million US$), 2024 - 2032
- Figure-39: United Kingdom - Lobster Market (Million US$), 2019 - 2023
- Figure-40: United Kingdom - Forecast for Lobster Market (Million US$), 2024 - 2032
- Figure-41: Belgium - Lobster Market (Million US$), 2019 - 2023
- Figure-42: Belgium - Forecast for Lobster Market (Million US$), 2024 - 2032
- Figure-43: Netherlands - Lobster Market (Million US$), 2019 - 2023
- Figure-44: Netherlands - Forecast for Lobster Market (Million US$), 2024 - 2032
- Figure-45: Turkey - Lobster Market (Million US$), 2019 - 2023
- Figure-46: Turkey - Forecast for Lobster Market (Million US$), 2024 - 2032
- Figure-47: China - Lobster Market (Million US$), 2019 - 2023
- Figure-48: China - Forecast for Lobster Market (Million US$), 2024 - 2032
- Figure-49: Japan - Lobster Market (Million US$), 2019 - 2023
- Figure-50: Japan - Forecast for Lobster Market (Million US$), 2024 - 2032
- Figure-51: India - Lobster Market (Million US$), 2019 - 2023
- Figure-52: India - Forecast for Lobster Market (Million US$), 2024 - 2032
- Figure-53: South Korea - Lobster Market (Million US$), 2019 - 2023
- Figure-54: South Korea - Forecast for Lobster Market (Million US$), 2024 - 2032
- Figure-55: Thailand - Lobster Market (Million US$), 2019 - 2023
- Figure-56: Thailand - Forecast for Lobster Market (Million US$), 2024 - 2032
- Figure-57: Malaysia - Lobster Market (Million US$), 2019 - 2023
- Figure-58: Malaysia - Forecast for Lobster Market (Million US$), 2024 - 2032
- Figure-59: Indonesia - Lobster Market (Million US$), 2019 - 2023
- Figure-60: Indonesia - Forecast for Lobster Market (Million US$), 2024 - 2032
- Figure-61: Australia - Lobster Market (Million US$), 2019 - 2023
- Figure-62: Australia - Forecast for Lobster Market (Million US$), 2024 - 2032
- Figure-63: New Zealand - Lobster Market (Million US$), 2019 - 2023
- Figure-64: New Zealand - Forecast for Lobster Market (Million US$), 2024 - 2032
- Figure-65: Brazil - Lobster Market (Million US$), 2019 - 2023
- Figure-66: Brazil - Forecast for Lobster Market (Million US$), 2024 - 2032
- Figure-67: Mexico - Lobster Market (Million US$), 2019 - 2023
- Figure-68: Mexico - Forecast for Lobster Market (Million US$), 2024 - 2032
- Figure-69: Argentina - Lobster Market (Million US$), 2019 - 2023
- Figure-70: Argentina - Forecast for Lobster Market (Million US$), 2024 - 2032
- Figure-71: Saudi Arabia - Lobster Market (Million US$), 2019 - 2023
- Figure-72: Saudi Arabia - Forecast for Lobster Market (Million US$), 2024 - 2032
- Figure-73: United Arab Emirates - Lobster Market (Million US$), 2019 - 2023
- Figure-74: United Arab Emirates - Forecast for Lobster Market (Million US$), 2024 - 2032
- Figure-75: South Africa - Lobster Market (Million US$), 2019 - 2023
- Figure-76: South Africa - Forecast for Lobster Market (Million US$), 2024 - 2032
- Figure-77: Boston Lobster - Global Revenue (Million US$), 2019 - 2023
- Figure-78: Boston Lobster - Forecast for Global Revenue (Million US$), 2024 - 2032
- Figure-79: Clearwater Seafoods - Global Revenue (Million US$), 2019 - 2023
- Figure-80: Clearwater Seafoods - Forecast for Global Revenue (Million US$), 2024 - 2032
- Figure-81: High Liner Foods Incorporated - Global Revenue (Million US$), 2019 - 2023
- Figure-82: High Liner Foods Incorporated - Forecast for Global Revenue (Million US$), 2024 - 2032
- Figure-83: Thai Union Manufacturing Company Ltd - Global Revenue (Million US$), 2019 - 2023
- Figure-84: Thai Union Manufacturing Company Ltd - Forecast for Global Revenue (Million US$), 2024 - 2032
List of Tables
- Table-01: Global - Lobster Market Share by Species (Percent), 2019 - 2023
- Table-02: Global - Forecast for Lobster Market Share by Species (Percent), 2024 - 2032
- Table-03: Global - Lobster Market Share by Weight (Percent), 2019 - 2023
- Table-04: Global - Forecast for Lobster Market Share by Weight (Percent), 2024 - 2032
- Table-05: Global - Lobster Market Share by Product Type (Percent), 2019 - 2023
- Table-06: Global - Forecast for Lobster Market Share by Product Type (Percent), 2024 - 2032
- Table-07: Global - Lobster Market Share by Distribution Channel (Percent), 2019 - 2023
- Table-08: Global - Forecast for Lobster Market Share by Distribution Channel (Percent), 2024 - 2032
- Table-09: Global - Lobster Market Share by Countries (Percent), 2019 - 2023
- Table-10: Global - Forecast for Lobster Market Share by Countries (Percent), 2024 - 2032
