Europe Lobster Market Share, Size, Growth, Opportunity and Forecast 2020-2025

*As the coronavirus disease (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

Europe Lobster Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025

Market Overview:

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).

Key Market Segmentation:

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.

Breakup by Species:

American Lobster
Spiny Lobster
Rock Lobster
European Lobster

Breakup by Weight:

0.5 – 0.75 lbs
0.76 – 3.0 lbs
Over 3 lbs

Breakup by Product Type:

Whole Lobster
Lobster Tail
Lobster Meat
Lobster Claw

Breakup by Distribution Channel:

Food Service
Retail

Breakup by Country:

Germany
France
United Kingdom
Italy
Spain
Others

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players.

Key Questions Answered in This Report:

How has the Europe lobster market performed so far and how will it perform in the coming years?
What has been the impact of COVID-19 on the Europe lobster market?
What are the key regional markets?
What is the breakup of the market based on the species?
What is the breakup of the market based on the weight?
What is the breakup of the market based on the product type?
What is the breakup of the market based on the distribution channel?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the Europe lobster market and who are the key players?
What is the degree of competition in the industry?