The Europe lobster market is currently witnessing moderate growth. Lobster is a marine crustacean with hard shells and a pair of long claws. It is usually cooked by steaming or boiling as lobster is a highly prized delicacy across the globe. It is also a healthy food item with fewer calories and high amounts of vital nutrients, such as selenium, copper, zinc, phosphorous, vitamin B12 and E, magnesium, and omega-3 fatty acid. In Europe, lobsters are available in chopped or whole pieces to be used in the preparation of cocktails, soups, stews, sandwiches and salads.
The Europe lobster market is primarily driven by the rising preference for domestically produced lobsters over imports from both the Caribbean and North America. European lobsters are considered to have better quality over American or Canadian lobsters and are also cheaper than the highly-priced North American variety. However, a new EU-Canada agreement called the Comprehensive Economic and Trade Agreement (CETA) was formed, eliminating tariffs on most kinds of seafood. Similarly, the US Government signed a deal with the European Union in 2020 for suspending tariffs on the imports of lobster products from the US for the next five years. 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 Europe 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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