
Lobster Market Share, Size, Trends, Industry Analysis Report, By Species (American, Spiny, Rock, European); By Weight; By Product Type; By Distribution Channel; By Region; Segment Forecast, 2023 - 2032
Description
Lobster Market Share, Size, Trends, Industry Analysis Report, By Species (American, Spiny, Rock, European); By Weight; By Product Type; By Distribution Channel; By Region; Segment Forecast, 2023 - 2032
The global lobster market size is expected to reach USD 17.07 billion by 2032, according to a new study by Polaris Market Research. The report “Lobster Market Share, Size, Trends, Industry Analysis Report, By Species (American, Spiny, Rock, European); By Weight; By Product Type; By Distribution Channel; By Region; Segment Forecast, 2023 - 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.
As more people around the world adopt healthy diets and lifestyles, there has been an increasing demand for high-quality seafood products, including lobster. The growing world appetite for fish, the increasing demand for healthy seafood products, and advances in transportation and logistics have all contributed to the growth of the lobster market. According to a study, the global requirement for fish is predicted to nearly quadruple by the end of 2050 as a result of rising income & rising population. The need is likely to be satisfied by a significant increase in seafood produced on farms. As these trends continue, it is likely that the lobster industry will continue to expand, with new markets opening around the world./
The growing consumption of fish is one of the key drivers fuelling the growth of the lobster market. As more people around the world seek out healthy and nutritious food options, the demand for high-quality seafood products, including lobster, has increased significantly. The number of fish consumed worldwide has already doubled since 1998, but a Stanford University team lead by Rosamond Naylor predicts an additional 80% growth by the middle of the century.
As the global economy has grown and incomes have risen, there has been an increase in the consumption of high-end seafood such as lobster. 90% of fish production is anticipated to be used as food by 2029. Globally, it is anticipated that by 2029, the number of fish for human consumption will rise by 16.3%, or additional 25 Mt, to 180 Mt. There will be more fish available for human consumption on all continents. This trend has been driven by increased disposable income and a desire for luxury food items. This will further fuel the growth of the market in coming years..
Lobster Market Report Highlights
American Lobster segment is anticipated to grow at a faster rate owing to high demand and sustainable fishing practices.
0.5 - 0.75 lbs segment expected to witness larger market share owing to the affordability, versatility, health benefits and increased availability.
Whole Lobster segment is projected to experience a significant revenue share due to the high price point and premium status.
Food Service segment is expected to grow at a higher growth rate owing to the increasing demand from restaurants and diversification of menus.
North America is expected to have both a higher growth rate and larger revenue share due to the presence of major seafood exporters.
Europe registered the second largest growth rate in the study period owing to strong demand and growing imports.
The global players include Boston Lobster, Clearwater Seafoods, Supreme Lobster, Tangier Lobster & Thai Union Manufacturing.
Polaris Market Research has segmented the lobster market report based on species, weight, product type, distribution channel and region:
Lobster, Species Outlook (Revenue - USD Billion, 2019 - 2032)
American Lobster
Spiny Lobster
Rock Lobster
European Lobster
Lobster, Weight Outlook (Revenue - USD Billion, 2019 - 2032)
0.5 - 0.75 lbs0.76 - 3.0 lbs
Over 3.0 lbs
Lobster, Product Type Outlook (Revenue - USD Billion, 2019 - 2032)
Whole Lobster
Lobster Tail
Lobster Meat
Lobster Claw
Lobster, Distribution Channel Outlook (Revenue - USD Billion, 2019 - 2032)
Food Service
Retail
Lobster, Regional Outlook (Revenue - USD Billion, 2019 - 2032)
North America
U.S.
Canada
Europe
Germany
UK
France
Italy
Spain
Russia
Netherlands
Asia Pacific
China
India
Japan
South Korea
Indonesia
Malaysia
Latin America
Argentina
Brazil
Mexico
Middle East & Africa
UAE
Saudi Arabia
Israel
South Africa
Table of Contents
116 Pages
- 1. Introduction
- 1.1. Report Description
- 1.1.1. Objectives of the Study
- 1.1.2. Market Scope
- 1.1.3. Assumptions
- 1.2. Stakeholders
- 2. Executive Summary
- 2.1. Market Highlights
- 3. Research Methodology
- 3.1. Overview
- 3.1.1. Data Mining
- 3.2. Data Sources
- 3.2.1. Primary Sources
- 3.2.2. Secondary Sources
- 4. Global Lobster Market Insights
- 4.1. Lobster – Industry Snapshot
- 4.2. Lobster Market Dynamics
- 4.2.1. Drivers and Opportunities
- 4.2.1.1. Growing consumption of fish in Asia
- 4.2.1.2. Increase in disposable income, change in lifestyle and eating habits
- 4.2.2. Restraints and Challenges
- 4.2.2.1. Environmental concerns
- 4.3. Porter’s Five Forces Analysis
- 4.3.1. Bargaining Power of Suppliers (Moderate)
- 4.3.2. Threats of New Entrants: (Low)
- 4.3.3. Bargaining Power of Buyers (Moderate)
- 4.3.4. Threat of Substitute (Moderate)
- 4.3.5. Rivalry among existing firms (High)
- 4.4. PESTLE Analysis
- 4.5. Lobster Industry Trends
- 4.6. Value Chain Analysis
- 4.7. COVID-19 Impact Analysis
- 5. Global Lobster Market, by Species
- 5.1. Key Findings
- 5.2. Introduction
- 5.2.1. Global Lobster Market, by Species, 2019-2032 (USD Billion)
- 5.3. American Lobster
- 5.3.1. Global Lobster Market, by American Lobster, by Region, 2019-2032 (USD Billion)
- 5.4. Spiny Lobster
- 5.4.1. Global Lobster Market, by Spiny Lobster, by Region, 2019-2032 (USD Billion)
- 5.5. Rock Lobster
- 5.5.1. Global Lobster Market, by Rock Lobster, by Region, 2019-2032 (USD Billion)
- 5.6. European Lobster
- 5.6.1. Global Lobster Market, by European Lobster, by Region, 2019-2032 (USD Billion)
- 6. Global Lobster Market, by Weight
- 6.1. Key Findings
- 6.2. Introduction
- 6.2.1. Global Lobster Market, by Weight, 2019-2032 (USD Billion)
- 6.3. 0.5 - 0.75 lbs
- 6.3.1. Global Lobster Market, by 0.5 - 0.75 lbs, by Region, 2019-2032 (USD Billion)
- 6.4. 0.76 - 3.0 lbs
- 6.4.1. Global Lobster Market, by 0.76 - 3.0 lbs, by Region, 2019-2032 (USD Billion)
- 6.5. Over 3.0 lbs
- 6.5.1. Global Lobster Market, by Over 3.0 lbs, by Region, 2019-2032 (USD Billion)
- 7. Global Lobster Market, by Product Type
- 7.1. Key Findings
- 7.2. Introduction
- 7.2.1. Global Lobster Market, by Product Type, 2019-2032 (USD Billion)
- 7.3. Whole Lobster
- 7.3.1. Global Lobster Market, by Whole Lobster, by Region, 2019-2032 (USD Billion)
- 7.4. Lobster Tail
- 7.4.1. Global Lobster Market, by Lobster Tail, by Region, 2019-2032 (USD Billion)
- 7.5. Lobster Meat
- 7.5.1. Global Lobster Market, by Lobster Meat, by Region, 2019-2032 (USD Billion)
- 7.6. Lobster Claw
- 7.6.1. Global Lobster Market, by Lobster Claw, by Region, 2019-2032 (USD Billion)
- 8. Global Lobster Market, by Distribution Channel
- 8.1. Key Findings
- 8.2. Introduction
- 8.2.1. Global Lobster Market, by Distribution Channel, 2019-2032 (USD Billion)
- 8.3. Food Service
- 8.3.1. Global Lobster Market, by Food Service, by Region, 2019-2032 (USD Billion)
- 8.4. Retail
- 8.4.1. Global Lobster Market, by Retail, by Region, 2019-2032 (USD Billion)
- 9. Global Lobster Market, by Geography
- 9.1. Key findings
- 9.2. Introduction
- 9.2.1. Lobster Market Assessment, By Geography, 2019-2032 (USD Billion)
- 9.3. Lobster Market – North America
- 9.3.1. North America: Lobster Market, by Species, 2019-2032 (USD Billion)
- 9.3.2. North America: Lobster Market, by Distribution Channel, 2019-2032 (USD Billion)
- 9.3.3. North America: Lobster Market, by Weight, 2019-2032 (USD Billion)
- 9.3.4. North America: Lobster Market, by Product Type, 2019-2032 (USD Billion)
- 9.3.5. Lobster Market – U.S.
- 9.3.5.1. U.S.: Lobster Market, by Species, 2019-2032 (USD Billion)
- 9.3.5.2. U.S.: Lobster Market, by Distribution Channel, 2019-2032 (USD Billion)
- 9.3.5.3. U.S.: Lobster Market, by Weight, 2019-2032 (USD Billion)
- 9.3.5.4. U.S.: Lobster Market, by Product Type, 2019-2032 (USD Billion)
- 9.3.6. Lobster Market – Canada
- 9.3.6.1. Canada: Lobster Market, by Species, 2019-2032 (USD Billion)
- 9.3.6.2. Canada: Lobster Market, by Distribution Channel, 2019-2032 (USD Billion)
- 9.3.6.3. Canada: Lobster Market, by Weight, 2019-2032 (USD Billion)
- 9.3.6.4. Canada: Lobster Market, by Product Type, 2019-2032 (USD Billion)
- 9.4. Lobster Market – Europe
- 9.4.1. Europe: Lobster Market, by Species, 2019-2032 (USD Billion)
- 9.4.2. Europe: Lobster Market, by Distribution Channel, 2019-2032 (USD Billion)
- 9.4.3. Europe: Lobster Market, by Weight, 2019-2032 (USD Billion)
- 9.4.4. Europe: Lobster Market, by Product Type, 2019-2032 (USD Billion)
- 9.4.5. Lobster Market – UK
- 9.4.5.1. UK: Lobster Market, by Species, 2019-2032 (USD Billion)
- 9.4.5.2. UK: Lobster Market, by Distribution Channel, 2019-2032 (USD Billion)
- 9.4.5.3. UK: Lobster Market, by Weight, 2019-2032 (USD Billion)
- 9.4.5.4. UK: Lobster Market, by Product Type, 2019-2032 (USD Billion)
- 9.4.6. Lobster Market – France
- 9.4.6.1. France: Lobster Market, by Species, 2019-2032 (USD Billion)
- 9.4.6.2. France: Lobster Market, by Distribution Channel, 2019-2032 (USD Billion)
- 9.4.6.3. France: Lobster Market, by Weight, 2019-2032 (USD Billion)
- 9.4.6.4. France: Lobster Market, by Product Type, 2019-2032 (USD Billion)
- 9.4.7. Lobster Market – Germany
- 9.4.7.1. Germany: Lobster Market, by Species, 2019-2032 (USD Billion)
- 9.4.7.2. Germany: Lobster Market, by Distribution Channel, 2019-2032 (USD Billion)
- 9.4.7.3. Germany: Lobster Market, by Weight, 2019-2032 (USD Billion)
- 9.4.7.4. Germany: Lobster Market, by Product Type, 2019-2032 (USD Billion)
- 9.4.8. Lobster Market – Italy
- 9.4.8.1. Italy: Lobster Market, by Species, 2019-2032 (USD Billion)
- 9.4.8.2. Italy: Lobster Market, by Distribution Channel, 2019-2032 (USD Billion)
- 9.4.8.3. Italy: Lobster Market, by Weight, 2019-2032 (USD Billion)
- 9.4.8.4. Italy: Lobster Market, by Product Type, 2019-2032 (USD Billion)
- 9.4.9. Lobster Market – Spain
- 9.4.9.1. Spain: Lobster Market, by Species, 2019-2032 (USD Billion)
- 9.4.9.2. Spain: Lobster Market, by Distribution Channel, 2019-2032 (USD Billion)
- 9.4.9.3. Spain: Lobster Market, by Weight, 2019-2032 (USD Billion)
- 9.4.9.4. Spain: Lobster Market, by Product Type, 2019-2032 (USD Billion)
- 9.4.10. Lobster Market – Netherlands
- 9.4.10.1. Netherlands: Lobster Market, by Species, 2019-2032 (USD Billion)
- 9.4.10.2. Netherlands: Lobster Market, by Distribution Channel, 2019-2032 (USD Billion)
- 9.4.10.3. Netherlands: Lobster Market, by Weight, 2019-2032 (USD Billion)
- 9.4.10.4. Netherlands: Lobster Market, by Product Type, 2019-2032 (USD Billion)
- 9.4.11. Lobster Market – Russia
- 9.4.11.1. Russia: Lobster Market, by Species, 2019-2032 (USD Billion)
- 9.4.11.2. Russia.: Lobster Market, by Distribution Channel, 2019-2032 (USD Billion)
- 9.4.11.3. Russia: Lobster Market, by Weight, 2019-2032 (USD Billion)
- 9.4.11.4. Russia: Lobster Market, by Product Type, 2019-2032 (USD Billion)
- 9.5. Lobster Market – Asia Pacific
- 9.5.1. Asia Pacific: Lobster Market, by Species, 2019-2032 (USD Billion)
- 9.5.2. Asia Pacific: Lobster Market, by Distribution Channel, 2019-2032 (USD Billion)
- 9.5.3. Asia Pacific: Lobster Market, by Weight, 2019-2032 (USD Billion)
- 9.5.4. Asia Pacific: Lobster Market, by Product Type, 2019-2032 (USD Billion)
- 9.5.5. Lobster Market – China
- 9.5.5.1. China: Lobster Market, by Species, 2019-2032 (USD Billion)
- 9.5.5.2. China.: Lobster Market, by Distribution Channel, 2019-2032 (USD Billion)
- 9.5.5.3. China: Lobster Market, by Weight, 2019-2032 (USD Billion)
- 9.5.5.4. China: Lobster Market, by Product Type, 2019-2032 (USD Billion)
- 9.5.6. Lobster Market – India
- 9.5.6.1. India: Lobster Market, by Species, 2019-2032 (USD Billion)
- 9.5.6.2. India.: Lobster Market, by Distribution Channel, 2019-2032 (USD Billion)
- 9.5.6.3. India: Lobster Market, by Weight, 2019-2032 (USD Billion)
- 9.5.6.4. India: Lobster Market, by Product Type, 2019-2032 (USD Billion)
- 9.5.7. Lobster Market – Japan
- 9.5.7.1. Japan: Lobster Market, by Species, 2019-2032 (USD Billion)
- 9.5.7.2. Japan.: Lobster Market, by Distribution Channel, 2019-2032 (USD Billion)
- 9.5.7.3. Japan: Lobster Market, by Weight, 2019-2032 (USD Billion)
- 9.5.7.4. Japan: Lobster Market, by Product Type, 2019-2032 (USD Billion)
- 9.5.8. Lobster Market – Malaysia
- 9.5.8.1. Malaysia: Lobster Market, by Species, 2019-2032 (USD Billion)
- 9.5.8.2. Malaysia.: Lobster Market, by Distribution Channel, 2019-2032 (USD Billion)
- 9.5.8.3. Malaysia: Lobster Market, by Weight, 2019-2032 (USD Billion)
- 9.5.8.4. Malaysia: Lobster Market, by Product Type, 2019-2032 (USD Billion)
- 9.5.9. Lobster Market – Indonesia
- 9.5.9.1. Indonesia: Lobster Market, by Species, 2019-2032 (USD Billion)
- 9.5.9.2. Indonesia.: Lobster Market, by Distribution Channel, 2019-2032 (USD Billion)
- 9.5.9.3. Indonesia: Lobster Market, by Weight, 2019-2032 (USD Billion)
- 9.5.9.4. Indonesia: Lobster Market, by Product Type, 2019-2032 (USD Billion)
- 9.5.10. Lobster Market – South Korea
- 9.5.10.1. South Korea: Lobster Market, by Species, 2019-2032 (USD Billion)
- 9.5.10.2. South Korea.: Lobster Market, by Distribution Channel, 2019-2032 (USD Billion)
- 9.5.10.3. South Korea: Lobster Market, by Weight, 2019-2032 (USD Billion)
- 9.5.10.4. South Korea: Lobster Market, by Product Type, 2019-2032 (USD Billion)
- 9.6. Lobster Market – Middle East & Africa
- 9.6.1. Middle East & Africa: Lobster Market, by Species, 2019-2032 (USD Billion)
- 9.6.2. Middle East & Africa: Lobster Market, by Distribution Channel, 2019-2032 (USD Billion)
- 9.6.3. Middle East & Africa: Lobster Market, by Weight, 2019-2032 (USD Billion)
- 9.6.4. Middle East & Africa: Lobster Market, by Product Type, 2019-2032 (USD Billion)
- 9.6.5. Lobster Market – Saudi Arabia
- 9.6.5.1. Saudi Arabia: Lobster Market, by Species, 2019-2032 (USD Billion)
- 9.6.5.2. Saudi Arabia: Lobster Market, by Distribution Channel, 2019-2032 (USD Billion)
- 9.6.5.3. Saudi Arabia: Lobster Market, by Weight, 2019-2032 (USD Billion)
- 9.6.5.4. Saudi Arabia: Lobster Market, by Product Type, 2019-2032 (USD Billion)
- 9.6.6. Lobster Market – South Africa
- 9.6.6.1. South Africa: Lobster Market, by Species, 2019-2032 (USD Billion)
- 9.6.6.2. South Africa: Lobster Market, by Distribution Channel, 2019-2032 (USD Billion)
- 9.6.6.3. South Africa: Lobster Market, by Weight, 2019-2032 (USD Billion)
- 9.6.6.4. South Africa: Lobster Market, by Product Type, 2019-2032 (USD Billion)
- 9.6.7. Lobster Market – Israel
- 9.6.7.1. Israel: Lobster Market, by Species, 2019-2032 (USD Billion)
- 9.6.7.2. Israel: Lobster Market, by Distribution Channel, 2019-2032 (USD Billion)
- 9.6.7.3. Israel: Lobster Market, by Weight, 2019-2032 (USD Billion)
- 9.6.7.4. Israel: Lobster Market, by Product Type, 2019-2032 (USD Billion)
- 9.6.8. Lobster Market – UAE
- 9.6.8.1. UAE: Lobster Market, by Species, 2019-2032 (USD Billion)
- 9.6.8.2. UAE: Lobster Market, by Distribution Channel, 2019-2032 (USD Billion)
- 9.6.8.3. UAE: Lobster Market, by Weight, 2019-2032 (USD Billion)
- 9.6.8.4. UAE: Lobster Market, by Product Type, 2019-2032 (USD Billion)
- 9.7. Lobster Market – Latin America
- 9.7.1. Latin America: Lobster Market, by Species, 2019-2032 (USD Billion)
- 9.7.2. Latin America: Lobster Market, by Distribution Channel, 2019-2032 (USD Billion)
- 9.7.3. Latin America: Lobster Market, by Weight, 2019-2032 (USD Billion)
- 9.7.4. Latin America: Lobster Market, by Product Type, 2019-2032 (USD Billion)
- 9.7.5. Lobster Market – Mexico
- 9.7.5.1. Mexico: Lobster Market, by Species, 2019-2032 (USD Billion)
- 9.7.5.2. Mexico: Lobster Market, by Distribution Channel, 2019-2032 (USD Billion)
- 9.7.5.3. Mexico: Lobster Market, by Weight, 2019-2032 (USD Billion)
- 9.7.5.4. Mexico: Lobster Market, by Product Type, 2019-2032 (USD Billion)
- 9.7.6. Lobster Market – Brazil
- 9.7.6.1. Brazil: Lobster Market, by Species, 2019-2032 (USD Billion)
- 9.7.6.2. Brazil: Lobster Market, by Distribution Channel, 2019-2032 (USD Billion)
- 9.7.6.3. Brazil: Lobster Market, by Weight, 2019-2032 (USD Billion)
- 9.7.6.4. Brazil: Lobster Market, by Product Type, 2019-2032 (USD Billion)
- 9.7.7. Lobster Market – Argentina
- 9.7.7.1. Argentina: Lobster Market, by Species, 2019-2032 (USD Billion)
- 9.7.7.2. Argentina: Lobster Market, by Distribution Channel, 2019-2032 (USD Billion)
- 9.7.7.3. Argentina: Lobster Market, by Weight, 2019-2032 (USD Billion)
- 9.7.7.4. Argentina: Lobster Market, by Product Type, 2019-2032 (USD Billion)
- 10. Competitive Landscape
- 10.1. Expansion and Acquisition Analysis
- 10.1.1. Expansion
- 10.1.2. Acquisitions
- 10.2. Partnerships/Collaborations/Agreements/Exhibitions
- 11. Company Profiles
- 11.1. Boston Lobster
- 11.1.1. Company Overview
- 11.1.2. Financial Performance
- 11.1.3. Product Benchmarking
- 11.1.4. Recent Development
- 11.2. Clearwater Sea-foods
- 11.2.1. Company Overview
- 11.2.2. Financial Performance
- 11.2.3. Product Benchmarking
- 11.2.4. Recent Development
- 11.3. East Coast Sea-food
- 11.3.1. Company Overview
- 11.3.2. Financial Performance
- 11.3.3. Product Benchmarking
- 11.3.4. Recent Development
- 11.4. Geraldton Fishermen’s
- 11.4.1. Company Overview
- 11.4.2. Financial Performance
- 11.4.3. Product Benchmarking
- 11.4.4. Recent Development
- 11.5. High Liner Foods
- 11.5.1. Company Overview
- 11.5.2. Financial Performance
- 11.5.3. Product Benchmarking
- 11.5.4. Recent Development
- 11.6. PESCANOVA ESPANA
- 11.6.1. Company Overview
- 11.6.2. Financial Performance
- 11.6.3. Product Benchmarking
- 11.6.4. Recent Development
- 11.7. Supreme Lobster
- 11.7.1. Company Overview
- 11.7.2. Financial Performance
- 11.7.3. Product Benchmarking
- 11.7.4. Recent Development
- 11.8. Tangier Lobster
- 11.8.1. Company Overview
- 11.8.2. Financial Performance
- 11.8.3. Product Benchmarking
- 11.8.4. Recent Development
- 11.9. Thai Union Manufacturing
- 11.9.1. Company Overview
- 11.9.2. Financial Performance
- 11.9.3. Product Benchmarking
- 11.9.4. Recent Development
Pricing
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