Global Lobster Market Report by Species (American Lobster, European Lobster, Spiny Lobster, and Rock Lobster), Weight (0.5 – 0.75 lbs, 0.76 – 3.0 lbs, and Over 3 lbs), Product Types (Whole Lobster, Lobster Tail, and Lobster Meat), Distribution Channel (Fo

Global Lobster Market Report by Species (American Lobster, European Lobster, Spiny Lobster, and Rock Lobster), Weight (0.5 – 0.75 lbs, 0.76 – 3.0 lbs, and Over 3 lbs), Product Types (Whole Lobster, Lobster Tail, and Lobster Meat), Distribution Channel (Food Service and Retail), Region and Company Analysis 2024-2032

Global Lobster Market was at US$ 6.36 Billion in 2023. It is anticipated to amplify at a CAGR of 8.81% from 2024 to 2032 and attain a valuation of US$ 13.60 Billion through 2032.

Lobsters, known as sea-dwelling crustaceans, are easily recognized by their difficult outer shell, vast pincers, and lengthy sensory appendages. They're packed with important nutrients which include protein, omega-3 fatty acids, vitamins, and minerals like zinc, selenium, copper, magnesium, phosphorous, and calcium, supplying more than a few fitness blessings. Regular lobster consumption can assist enhance metabolism, useful resource in weight control, beautify brain characteristic, and decrease the danger of heart disease and stroke via mitigating oxidative strain and inflammation. Additionally, lobster consumption may contribute to managing situations like lupus, eczema, and rheumatoid arthritis whilst supporting decrease levels of cholesterol and guarding towards continual degenerative diseases.

Company Recent Developments in the Lobster Market

• March 2024, Brazilian seafood processors Frescatto and Prime Seafood introduced their merger the brand-new entity, based totally in Rio de Janeiro, operated under the Frescatto name.
• In March 2024, Phillips Foods acquired two centers in Canada to process lobster and snow crab. This acquisition coincided with the launch of recent products.
• In March 2023, East Coast Seafood Group and Whitecap International Seafood Exporters from the Northeast US and Atlantic Canada collaborated to develop, technique, and marketplace numerous frozen and pasteurized products offering lobster, snow crab, coldwater shrimp, and other species.
• In May 2023, Premium Brands introduced its focus on several ""downstream"" acquisitions for its Clearwater Seafoods division, which aims to transition the employer into the cost-delivered space.
• In February 2023, Northern Wind debuted a new line of lobster products at the Seafood Expo North America

Health Benefits of Consuming Lobster

• Lobster provides crucial nutrients like selenium and omega-3 fatty acids, B12, magnesium, and diet E. Research shows that these nutrients can alleviate aggression and melancholy in adults. Furthermore, selenium can also provide protection against most cancers, thyroid troubles, and cognitive issues, among different situations.

• Eating shellfish like lobster supports brain fitness and cognitive characteristics because of its rich nutrition and mineral content. Lobster incorporates B12, which is critical for nerve health and aids mental function. Lobster includes choline, which complements mind productivity and neurotransmitter development and helps prevent Alzheimer's, dementia, and Parkinson's.

• Lobster is rich in critical nutrients like calcium, vitamin A, iron, copper, zinc, phosphorus, selenium, and vitamin B1, promoting normal fitness. As consistent with the American Department of Agriculture, a cup of cooked lobster presents around 28 grams of protein and 129 calories. With simply 1 gram of fat and 0 grams of carbohydrates, lobster is a healthy protein choice for any meal.

Asia Pacific is the Home of Lobster Consumers

Asia leads the way in the global traditional seafood trade and is poised to broaden its influence in the emerging alternative seafood sector. With substantial production and investment endeavors underway in Singapore, Japan, Thailand, and Hong Kong, Asia seeks to foster innovation and attain competitive pricing compared to conventional seafood products. Despite an anticipated decline in Asian demand, global seafood consumption is forecasted to rise gradually, projected to reach 21.2 kilograms per capita over the next decade, up from an average of 20.4 kilograms recorded between 2020 and 2022, according to a recent OECD/FAO report.

In China, lobster holds prestigious status as a premium seafood, frequently savored during special occasions and in upscale dining experiences. From simple steamed or grilled preparations to elaborate dishes like Cantonese-style lobster or lobster in spicy sauce, lobster offerings cater to varied tastes. China's appetite for lobster remains substantial, with annual imports estimated between 62 Million to 72 Million pounds, as disclosed at the shellfish panel during the 2023 Global Seafood Market Conference held in Palm Springs, California, USA, in January 2023.

Global Lobster Market Company News

The prominent players in the worldwide lobster industry are Thai Union Manufacturing Company Ltd, Clearwater Seafoods, Boston Lobster, High Liner Foods Incorporated, East Coast Seafood Group, Geraldton Fishermen's Co-operative, PESCANOVA ESPAÑA SL, Supreme Lobster, and Tangier Lobster.

New Product Launches in 2024

January: Marin Skincare unveiled an extension to its cosmetic offerings, incorporating lip treatments formulated with upcycled lobster by products among its ingredients.

February: Tignish, Prince Edward Island, introduced a lobster dip, marking the debut of several upcoming products aimed at creating additional employment opportunities at the plant and utilizing excess lobster and crab meat.

Species – Global Lobster Market breakup in 4 viewpoints:

1. American Lobster
2. European Lobster
3. Spiny Lobster
4. Rock Lobster

Weight – Global Lobster Market breakup in 3 viewpoints:

1. 0.5 – 0.75 lbs
2. 0.76 – 3.0 lbs
3. Over 3 lbs

Product Types – Global Lobster Market breakup in 3 viewpoints:

1. Whole Lobster
2. Lobster Tail
3. Lobster Meat

Distribution Channel – Global Lobster Market breakup in 2 viewpoints:

1. Food Service
2. Retail

Country – Global Lobster Market breakup of 25 Countries:

1. North America

1.1 United States
1.2 Canada

2 Europe

2.1 France
2.2 Germany
2.3 Italy
2.4 Spain
2.5 United Kingdom
2.6 Belgium
2.7 Netherlands
2.8 Turkey

3. Asia Pacific

3.1 China
3.2 Japan
3.3 India
3.4 South Korea
3.5 Thailand
3.6 Malaysia
3.7 Indonesia
3.8 Australia
3.9 New Zealand

4. Latin America

4.1 Brazil
4.2 Mexico
4.3 Argentina

5. Middle East & Africa

5.1 Saudi Arabia
5.2 United Arab Emirates
5.3 South Africa

All the Key players have been covered from 3 Viewpoints:

• Overview
• Recent Development
• Revenue Analysis

Company Analysis:

1. Boston Lobster
2. Clearwater Seafoods
3. High Liner Foods Incorporated
4. Thai Union Manufacturing Company Ltd,
5. East Coast Seafood Group
6. Geraldton Fishermen’s Co-operative
7. PESCANOVA ESPAÑA SL,
8. Supreme Lobster
9. Tangier Lobster