Lobster Market Research Report 2021, Industry Trends,COVID-19 Impact and Opportunities

According to a new report by IMARC Group, the global lobster market reached a value of US$ 5.66 Billion in 2020. Looking forward, the market is expected to continue its moderate growth during the next five years.

Lobster is a type of marine crustaceans with a long cylindrical body, muscular tail, stalked eyes, and five pairs of jointed legs. It is usually greenish-brown in color, covered with a chitinous exoskeleton that turns bright red when cooked. Lobster is a rich source of copper, phosphorous, zinc, omega-3 fatty acids, magnesium, and vitamin E and B12. The consumption of lobsters helps in mitigating the risk of thyroid, repairing damaged tissues, reducing inflammation, boosting energy, and improving cognition.

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Report Metric

Historical: 2015-2020

Base Year: 2020

Forecast Year: 2021-2026

Market Trends:

The increasing consumer health consciousness has led to the rising shift from high-calorie food products towards a protein-rich diet, thereby driving the demand for lobsters. Moreover, the growing consumer inclination towards seafood products and the easy availability of canned, frozen, and vacuum-packed variants are also augmenting the market growth. Apart from this, the increasing penetration of cross-continental food trends, along with the rising consumption of lobsters in exotic cuisines, is further driving the global market. Additionally, the expanding hospitality sector has led to a growing demand for lobsters across hotels and restaurants, thereby catalyzing the market growth.

Note: As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

For more information about this report: https://www.imarcgroup.com/lobster-market

Market Segmentation:

The report has segmented on the basis of species, weight, product type, distribution channel and region.

Market Performance by Species

• American Lobster
• Spiny Lobster
• Rock Lobster
• European Lobster

Market Performance by Weight

• 0.5 – 0.75 lbs
• 0.76 – 3.0 lbs
• Over 3 lbs

Market Performance by Product Type

• Whole Lobster
• Lobster Tail
• Lobster Meat
• Lobster Claw

Market Performance by Distribution Channel

• Food Service
• Retail

Market Performance by Region

• North America
• Europe
• Asia
• Oceania
• Others

About Us

IMARC Group is a leading market research company that offers 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, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Contact Us

Elena Enderson
IMARC Group
USA: +1-631-791-1145
Email: sales@imarcgroup.com
Website: https://www.imarcgroup.com
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Also read: North America Frozen Seafood Market Booming with leading Players Leroy Seafood (OTCMKTS: LYSFF), High Liner Foods (OTCMKTS: HLNFF), Marine Harvest (OTCMKTS: MHGVY), Iglo Group, Austevoll Seafood (FRA: Z85), and Fishery Products International.

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Created on May 13th 2021 01:23. Viewed 242 times.

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