According to the global lobster market report by IMARC Group, the market reached a value of USD 5.23 Billion in 2019. Looking forward, the market is expected to continue its moderate growth during the next five years., According to a new report by IMARC Group.

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.

Global Lobster 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 approach 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 behaviors of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

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Global Lobster Market Segmentation:

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

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

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