Lobster Market Share, Size, Growth, Demand and Forecast Till 2024: IMARC Group

1. Global Lobster Market Research Report and Forecast 2024 Report Edition: 2019 Copyright © IMARC Service Pvt Ltd. All Rights Reserved

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3. Report Description and Highlights Report Description Global Lobster Market Overview: According to the latest report by IMARC Group, titled “Lobster Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024”, the global lobster market reached a value of US$ 5.7 Billion in 2018, growing at a CAGR of 16.7% during 2011-2018. Lobster is a type of marine crustaceans with long bodies and claws. Widely considered as a delicacy in many parts of the world, it is usually prepared by boiling or steaming. It is a rich source of protein, zinc, phosphorus, vitamin B12, magnesium and vitamin E. It also contains a high concentration of omega-3 and omega-6 fatty acids. Its consumption offers numerous health benefits including the building of new cells, repairing of damaged tissues and strengthening of bones along with reducing the risk of obesity and cardiovascular diseases. Lobster Market Trends Rising awareness about the health benefits of lobsters and increasing health-conscious consumers are the major factors driving the market growth. Owing to the easy availability of canned, frozen and vacuum-packed variants, the demand for lobsters is continually witnessing an increase across the globe. Lobsters are also available in whole pieces or chopped to be used in the preparation of cocktails, soups, stews, sandwiches and salads.

4. Report Description and Highlights Report Description 186.5 181.2 120.2125.5130.8136.1141.4146.7152.0157.3 175.9 170.6 160 180 165.3 160.0 160 140 140 120 In Billion US$ in Billion US$ 120 100 100 80 80 60 60 40 40 20 20 0 0 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 Moreover, the thriving hospitality industry has led to the increasing demand for lobsters from hotels and restaurants for the preparation of various exotic delicacies including lobster paellas and Thai lobster soup. On account of the aforementioned factors, the global lobster market size is projected to reach US$ 13.9 Billion by 2024. Request for a free sample report: https://www.imarcgroup.com/lobster-market/requestsample

5. Report Description and Highlights Report Description The convenience offered by these products coupled with the increasing working population worldwide is influencing the growth of the market. In addition to this, manufacturers are launching value-added and premium grade products to cater to the diversified tastes and preferences of the consumers, particularly those residing in the urban areas. Key Market Segmentation: Market Segmentation by Product Type • • • • Whole Lobster Lobster Tail Lobster Meat Lobster Claw On the basis of the product type, the market has been divided into whole lobster, tail, lobster meat and claw. Amongst these, whole lobster is the most popular product type. For more information, click here: https://www.imarcgroup.com/lobster-market

6. Report Description and Highlights Report Description Market Segmentation by Species • • • • American Lobster Spiny Lobster Rock Lobster European Lobster On the basis of the species, American lobsters hold the majority of the total market share. Other major segments include spiny lobsters, rock lobsters and European lobsters. Market Segmentation by Distribution Channel • • Food Service Retail Based on the distribution channel, the market has been bifurcated into the food services and retail sectors. The food service sector currently represents the largest segment. Market Segmentation by Region

7. Report Description and Highlights Report Description • • • • • North America Europe Asia Oceania Others On the geographical front, North America holds the leading position in the market. Other key regions include Europe, Asia, Oceania and Africa. Market Segmentation by Weight • • • 0.5 – 0.75 lbs 0.76 – 3.0 lbs Over 3 lbs Based on the weight, lobsters having a weight between 0.5 lbs. - 0.75 lbs. exhibit a clear dominance in the market. Other major segments include lobsters having a weight between 0.76 lbs. - 3 lbs. and lobsters weighing more than 3 lbs.

8. Report Description and Highlights Report Description Competitive Landscape: The competitive landscape of the market has also been examined with some of the key players. • • • • • East Cost Seafood Garbo Lobster High Liner Foods Inc Pescanova Thai Union Browse Related Report Shrimp Market Report: https://www.imarcgroup.com/prefeasibility-report-shrimp-processing-plant Indian Shrimp Market Report: https://www.imarcgroup.com/indian-shrimp-market

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11. Report Description and Highlights Report Description © 2019 IMARC All Rights Reserved This Publication and all it’s contents unless otherwise mentioned are copyrighted in the name of International Market Analysis Research and Consulting (IMARC). No part of this publication may be reproduced, repackaged, redistributed or resold in whole or in any part. The publication may also not be used in any form or by and means graphic electronic or mechanical, including photocopying, recording, taping or by information storage or retrieval, or by any other form, without the express consent of International Market Analysis Research and Consulting (IMARC). Disclaimer: All contents and data of this publication, including forecasts, data analysis and opinion have been based on information and sources believed to be accurate and reliable at the time of publishing. International Market Analysis Research and Consulting makes no representation of warranty of any kind as to the accuracy or completeness of any Information provided. IMARC accepts no liability whatsoever for any loss or damage resulting from opinion, errors or inaccuracies if any found this publication. IMARC, IMARC Group and Global Therapy Insight Series are registered trademarks of International Market Analysis Research and Consulting. All other trademarks used in this publication are registered trademarks of their respective companies.

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