The Asia Pacific lobster market is currently witnessing moderate growth. A lobster is an invertebrate marine crustacean that belongs to the Arthropoda family. It has hard shells like that of crab, shrimp, and woodlice with large pairs of claws. Lobsters have a rigid, segmented body covering (exoskeleton), which is typically greenish-brown in color but turns bright red when cooked. They are a rich source of copper, selenium, zinc, phosphorous, vitamin E and B12, magnesium, and omega-3 fatty acid. They provide various health benefits, such as protection against thyroid dysfunction, reducing inflammation, boosting energy and improving cognition.
The Asia Pacific region represents one of the largest lobster markets, primarily driven by increased consumption of lobsters in countries such as China. Besides this, lobsters have become an integral part of the luxurious dining experience supported by consumers’ purchasing ability and the perception toward expensive delicacies as a symbol of social standing and affluence. Moreover, consumers across the region opt for lobster as it consists of fewer calories than chicken and is considered rich and decadent, for which consumers are willing to pay a high price. On account of these factors, IMARC Group expects the market to continue its moderate growth during the forecast period (2020-2025).
IMARC Group provides an analysis of the key trends in each sub-segment of the Asia Pacific lobster market report, along with forecasts for growth at the region level from 2020-2025. Our report has categorized the market based on region, species, weight, product type and distribution channel.
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The competitive landscape of the industry has also been examined along with the profiles of the key players.
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