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Lobster Market to Reach USD 13.75 Billion by 2030, Growing at a CAGR of 10.7%

Lobsters are marine animals with cylindrical muscular tails, arms and jointed legs that can be boiled or steamed. Rather than main meal, that can be used as a filling for variety of dishes such as Sandwiches, Pasta, Potatoes and egg breakfasts. Lobster provides important nutrients such as copper, Phosphorous, Zinc and omega-3 fats. In addition, it is a source of magnesium, vitamin E and vitamin B12, which can help reduce the risk of thyroid disease, anemia and kidney dysfunction.<br>

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Lobster Market to Reach USD 13.75 Billion by 2030, Growing at a CAGR of 10.7%

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  1. Lobster Market Global Analysis Report 2024-2030 Published by : Falguni Research analyst

  2. Market Size & Overview: The global lobster market was valued at USD 6.75 billion in 2023 and is projected to reach approximately USD 13.75 billion by 2030, growing at a compound annual growth rate (CAGR) of 10.7% from 2024 to 2030. Lobsters are marine crustaceans known for their cylindrical muscular tails, arms, and jointed legs, commonly prepared by boiling or steaming. They are rich in nutrients such as copper, phosphorus, zinc, omega-3 fatty acids, magnesium, vitamin E, and vitamin B12, contributing to their popularity in various culinary dishes.

  3. Market Growth & Opportunities The lobster market is experiencing growth driven by several factors Health Consciousness : Increasing awareness of the health benefits associated with seafood consumption, including high protein content and essential nutrients, is boosting demand. Culinary Trends : The expansion of the restaurant industry and the popularity of diverse culinary dishes featuring lobster are contributing to market growth. Product Innovation : Developing new lobster-based products and enhancing supply chain efficiencies present significant opportunities for market expansion. Sample Request

  4. Market Segmentation by Type  by Distribution Channel  Whole Lobster Food Service  Lobster Tail Retail  Lobster Meat  by Species  American Lobster  European Lobster  Spiny Lobster  Red Lobster  by Distribution Channel Food Service  Retail

  5. Regional Analysis: North America : The region holds a substantial share of the global lobster market, with the United States and Canada being major producers and consumers. The market is driven by high demand in both domestic and international markets, particularly in the food service sector. Europe: Europe's lobster market is characterized by a strong preference for premium seafood products. Countries like the United Kingdom, France, and Germany are key markets, with increasing consumer interest in diverse seafood offerings. Asia Pacific (APAC): The APAC region is witnessing a growing demand for lobster, driven by rising disposable incomes and changing dietary preferences. Countries such as China, Japan, and South Korea are significant consumers, with a trend towards premium seafood consumption.

  6. Regional Analysis Regional Analysis 2025-2030 South America Middle East and Africa North America Asia Pacific Europe Customized Report Request

  7. Merges and Acquisition  The lobster industry has seen several strategic mergers and acquisitions aimed at expandingmarket reach and enhancingproduct offerings. Notable examples include:  Clearwater Seafood's : Acquired by Premium Brands Holdings Corporation, this acquisition aimed to strengthen Clearwater's position in the global seafood market.  Thai Union Manufacturing Company Ltd.: Engaged in various acquisitions to diversify its seafood portfolio, including lobster products, enhancing its global market presence.  High Liner Foods Incorporated: Expanded its product line through the acquisition of various seafood brands, including those specializing in lobster, to cater to a broader consumer base. Buy This Report

  8. Thank You Get In Touch with US: MAXIMIZE MARKET RESEARCH PVT. LTD. 3rd Floor, Navale IT park Phase 2, Pune Banglore Highway, Narhe Pune, Maharashtra 411041, India. +91 9607365656 sales@maximizemarketresearch.com

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