Lobster Market Report: Trends, Forecast and Competitive Analysis to 2030

Lobster Trends and Forecast

The future of the global lobster market looks promising with opportunities in the food service and retail markets. The global lobster market is expected to grow with a CAGR of 8.1% from 2024 to 2030. The major drivers for this market are increasing consumption of seafood, increasing preference for sustainable harvesting and aquaculture practices, and growing consumer preference towards ready-to-eat food products.

A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.

Lobster by Segment

The study includes a forecast for the global lobster by product type, distribution channel, and region.

Lobster Market by Product Type [Shipment Analysis by Value from 2018 to 2030]:

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

Lobster Market by Distribution Channel [Shipment Analysis by Value from 2018 to 2030]:

• Food Service
• Retail

Lobster Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Lobster Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies lobster companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the lobster companies profiled in this report include-

• Boston Lobster
• Clearwater Seafoods
• East Coast Seafood
• Geraldton Fishermen's Co-operative
• High Liner Foods
• PESCANOVA ESPANA
• Supreme Lobster

Lobster Market Insights

Lucintel forecasts that whole lobster will remain the largest segment.

Within this market, food service will remain larger segment.

North America will remain the largest region.

Features of the Global Lobster Market

Market Size Estimates: Lobster market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Lobster market size by product type, distribution channel, and region in terms of value ($B).

Regional Analysis: Lobster market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different product types, distribution channels, and regions for the lobster market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the lobster market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

Q1. What is the growth forecast for lobster market?

Answer: The global lobster market is expected to grow with a CAGR of 8.1% from 2024 to 2030.

Q2. What are the major drivers influencing the growth of the lobster market?

Answer: The major drivers for this market are increasing consumption of seafood, increasing preference for sustainable harvesting and aquaculture practices, and growing consumer preference towards ready-to-eat food products.

Q3. What are the major segments for lobster market?

Answer: The future of the lobster market looks promising with opportunities in the food service and retail markets.

Q4. Who are the key lobster market companies?

Answer: Some of the key lobster companies are as follows:

• Boston Lobster
• Clearwater Seafoods
• East Coast Seafood
• Geraldton Fishermen's Co-operative
• High Liner Foods
• PESCANOVA ESPANA
• Supreme Lobster

Q5. Which lobster market segment will be the largest in future?

Answer: Lucintel forecasts that whole lobster will remain the largest segment.

Q6. In lobster market, which region is expected to be the largest in next 5 years?

Answer: North America will remain the largest region.

Q7. Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

• Q.1. What are some of the most promising, high-growth opportunities for the lobster market by product type (whole lobster, lobster tail, lobster meat, and lobster claw), distribution channel (food service and retail), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?