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Lobster Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024

The global lobster market reached a value of US$ 5.7 Billion in 2018 growing at a CAGR of 16.7% during 2011-2018. Lobsters are marine crustaceans with a long cylindrical body, muscular tail, stalked eyes and five pairs of jointed legs. Covered with a chitinous exoskeleton, lobsters are typically greenish-brown in colour but turn bright red when cooked. They are a rich source of copper, phosphorous, zinc, omega-3 fatty acids, magnesium, and vitamin E and B12. Lobsters also provide protection against thyroid due to the presence of selenium which functions as an antioxidant. Apart from this, consumption of lobsters is known to reduce inflammation, boost energy and improve cognition.

Currently, the majority of lobsters are provided by Canada and the United States of America. The elimination of around 98% of the tariffs between Canada and the European Union under the recent Canada Free Trade Agreement (CETA) has been proactive in boosting Canadian exports to the northern European countries as well as creating new market opportunities in the southern European countries. In line with the decreasing trade in the EU, the US and tropical exporters are turning towards the Chinese market where lobsters have become an integral part of the luxurious dining experience supported by the rising purchasing power of the middle class. Additionally, the improving economic environment in both the developed and developing regions, and recovery in some of the major markets, including Russia and Brazil, are bolstering the market growth. Looking forward, the market is further expected to reach levels worth US$ 13.9 Billion by 2024.

  • Based on the species, the market has been segmented as American lobster, spiny lobster, rock lobster and European lobster. Currently, American lobsters dominate the market, holding the largest share.
  • On the basis of weight, lobsters having weight between 0.5 lb - 0.75 lb represent the largest size. They are followed by the lobsters having a weight between 0.76 lb - 3 lb and lobsters with weight more than 3 lb.
  • Based on the product type, whole lobster represented the most popular product followed by tail, lobster meat and claw.
  • On the basis of distribution channel, food services enjoy the leading position, followed by retail sectors.
  • Region-wise, the market has been segmented into North America, Europe, Asia Pacific, Oceania and Africa. Amongst these, North America is the leading market, accounting for the majority of the market share.
  • The competitive landscape of the market has also been examined. Some of the key players in the industry are East Coast Seafood, Garbo Lobster, High Liner Foods, Pescanova and Thai Union


This report provides a deep insight into the global lobster market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the lobster market in any manner.

Key Questions Answered in this Report:

  • How has the global lobster market performed so far and how will it perform in the coming years?
  • What are the key regions in the global lobster market?
  • Which are the popular products in the global lobster market?
  • What is the key species in the global lobster market?
  • What are the major distribution channels in the global lobster market?
  • What are the various stages in the value chain of the global lobster market?
  • What are the key driving factors and challenges in the global lobster market?
  • What is the structure of the global lobster market and who are the key players?
  • What is the degree of competition in the global lobster market?

1   Preface
2   Scope and Methodology

    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3   Executive Summary
4   Introduction

    4.1    Overview
    4.2    Key Industry Trends
5   Global Lobster Market
    5.1    Market Overview
    5.2    Market Performance
        5.2.1    Volume Trends
        5.2.2    Value Trends
    5.3    Market Breakup by Species
    5.4    Market Breakup by Weight
    5.5    Market Breakup by Product Type
    5.6    Market Breakup by Distribution Channel
    5.7    Market Breakup by Region
    5.8    Market Forecast
    5.9    SWOT Analysis
        5.9.1    Overview
        5.9.2    Strengths
        5.9.3    Weaknesses
        5.9.4    Opportunities
        5.9.5    Threats
    5.10    Value Chain Analysis
        5.10.1    Fishers/Growers
        5.10.2    Intermediates 
        5.10.3    Processors
        5.10.4    Wholesalers
        5.10.5    Importers
        5.10.6    Institutional Buyers
        5.10.7    Retail Buyers
        5.10.8    Consumers
    5.11    Porter’s Five Forces Analysis
        5.11.1    Overview
        5.11.2    Bargaining Power of Buyers
        5.11.3    Bargaining Power of Suppliers
        5.11.4    Degree of Competition
        5.11.5    Threat of New Entrants
        5.11.6    Threat of Substitutes
    5.12    Price Analysis
        5.12.1    Key Price Indicators
        5.12.2    Price Trends
        5.12.3    Margin Analysis
6   Market Performance by Species
    6.1    American Lobster
        6.1.1 Market Trends
        6.1.2 Market Forecast
    6.2    Spiny Lobster
        6.2.1 Market Trends
        6.2.2 Market Forecast
    6.3    Rock Lobster
        6.3.1 Market Trends
        6.3.2 Market Forecast
    6.4    European Lobster
        6.4.1 Market Trends
        6.4.2 Market Forecast
7   Market Performance by Weight
    7.1    0.5 – 0.75 lbs
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2    0.76 – 3.0 lbs
        7.2.1 Market Trends
        7.2.2 Market Forecast
    7.3    Over 3 lbs
        7.3.1 Market Trends
        7.3.2 Market Forecast
8   Market Performance by Product Type
    8.1    Whole Lobster
        8.1.1 Market Trends
        8.1.2 Market Forecast
    8.2    Lobster Tail
        8.2.1 Market Trends
        8.2.2 Market Forecast
    8.3    Lobster Meat
        8.3.1 Market Trends
        8.3.2 Market Forecast
    8.4    Lobster Claw
        8.4.1 Market Trends
        8.4.2 Market Forecast
9   Market Performance by Distribution Channel
    9.1    Food Service
        9.1.1 Market Trends
        9.1.2 Market Forecast
    9.2    Retail
        9.2.1 Market Trends
        9.2.2 Market Forecast
10  Market Performance by Region
    10.1    North America
        10.1.1 Market Trends
        10.1.2 Market Forecast
    10.2    Europe
        10.2.1 Market Trends
        10.2.2 Market Forecast
    10.3    Asia Pacific
        10.3.1 Market Trends
        10.3.2 Market Forecast
    10.4    Oceania
        10.4.1 Market Trends
        10.4.2 Market Forecast
    10.5    Africa
        10.5.1 Market Trends
        10.5.2 Market Forecast
11  Requirements for Setting up a Lobster Processing Plant
    11.1    Product Overview
    11.2    Detailed Process Flow
    11.3    Various Types of Unit Operations Involved
    11.4    Mass Balance and Raw Material Requirements
    11.5    Land and Construction Requirements
    11.6    Machinery Requirements
    11.7    Manpower Requirements
    11.8    Utility Requirements
    11.9    Transportation Requirements
    11.10    Packaging Requirements
    11.11    Total Capital Investments
    11.12    Product Pricing and Marketing 
12  Competitive Landscape
    12.1    Market Structure
    12.2    Key Players
    12.3    Profiles of Key Players
        12.3.1    East Cost Seafood
        12.3.2    Garbo Lobster
        12.3.3    High Liner Foods Inc
        12.3.4    Escanaba
        12.3.5    Thai Union

List of Figures

Figure 1: Global: Lobster Market: Major Drivers and Challenges
Figure 2: Global: Lobster Market: Production Volume (in ‘000 Tons), 2011-2018
Figure 3: Global: Lobster Market: Production Value (in Million US$), 2011-2018
Figure 4: Global: Lobster Market: Breakup by Species (in %), 2018
Figure 5: Global: Lobster Market: Breakup by Weight (in %), 2018
Figure 6: Global: Lobster Market: Breakup by Product Type (in %), 2018
Figure 7: Global: Lobster Market: Breakup by Distribution Channel (in %), 2018
Figure 8: Global: Lobster Market: Breakup by Region (in %), 2018
Figure 9: Global: Lobster Market Forecast: Production Volume (in ‘000 Tons), 2019-2024
Figure 10: Global: Lobster Market Forecast: Production Value (in Million US$), 2019-2024
Figure 11: Global: Lobster Industry: SWOT Analysis
Figure 12: Global: Lobster Industry: Value Chain Analysis
Figure 13: Global: Lobster Industry: Porter’s Five Forces Analysis
Figure 14: Global: Lobster Market: Average Price Trend (in US$/Ton), 2011-2018
Figure 15: Global: Lobster Market Forecast: Average Price Trend (in US$/Ton), 2019-2024
Figure 16: Global: Lobster Market (American): Production Volume (in ‘000 Tons), 2011 & 2018
Figure 17: Global: Lobster Market Forecast (American): Production Volume (in ‘000 Tons), 2019-2024
Figure 18: Global: Lobster Market (Spiny): Production Volume (in ‘000 Tons), 2011& 2018
Figure 19: Global: Lobster Market Forecast (Spiny): Production Volume (in ‘000 Tons), 2019-2024
Figure 20: Global: Lobster Market (Rock): Production Volume (in ‘000 Tons), 2011 & 2018
Figure 21: Global: Lobster Market Forecast (Rock): Production Volume (in ‘000 Tons), 2019-2024
Figure 22: Global: Lobster Market (European): Production Volume (in ‘000 Tons), 2011 & 2018
Figure 23: Global: Lobster Market Forecast (European): Production Volume (in ‘000 Tons), 2019-2024
Figure 24: Global: Lobster Market (Weight between 0.5-0.75 lbs): Production Volume (in ‘000 Tons), 2011 & 2018
Figure 25: Global: Lobster Market Forecast (Weight between 0.5-0.75 lbs): Production Volume (in ‘000 Tons), 2019-2024
Figure 26: Global: Lobster Market (Weight between 0.76-3.0 lbs): Production Volume (in ‘000 Tons), 2011 & 2018
Figure 27: Global: Lobster Market Forecast (Weight between 0.76-3.0 lbs): Production Volume (in ‘000 Tons), 2019-2024
Figure 28: Global: Lobster Market (Weight Over 3 lbs): Production Volume (in ‘000 Tons), 2011 & 2018
Figure 29: Global: Lobster Market Forecast (Weight Over 3 lbs): Production Volume (in ‘000 Tons), 2019-2024
Figure 30: Global: Lobster Market (Whole): Production Volume (in ‘000 Tons), 2011& 2018
Figure 31: Global: Lobster Market Forecast (Whole): Production Volume (in ‘000 Tons), 2019-2024
Figure 32: Global: Lobster Market (Tail): Production Volume (in ‘000 Tons), 2011& 2018
Figure 33: Global: Lobster Market Forecast (Tail): Production Volume (in ‘000 Tons), 2019-2024
Figure 34: Global: Lobster Market (Meat): Production Volume (in ‘000 Tons), 2011& 2018
Figure 35: Global: Lobster Market Forecast (Meat): Production Volume (in ‘000 Tons), 2019-2024
Figure 36: Global: Lobster Market (Claw): Production Volume (in ‘000 Tons), 2011& 2018
Figure 37: Global: Lobster Market Forecast (Claw): Production Volume (in ‘000 Tons), 2019-2024
Figure 38: Global: Lobster Market: Sales through Food Services Sector (in ‘000 Tons), 2011 & 2018
Figure 39: Global: Lobster Market Forecast: Sales through Food Services Sector (in ‘000 Tons), 2019-2024
Figure 40: Global: Lobster Market: Sales through Retail Sector (in ‘000 Tons), 2011& 2018
Figure 41: Global: Lobster Market Forecast: Sales through Retail Sector (in ‘000 Tons), 2019-2024
Figure 42: North America: Lobster Market: Production Volume (in ‘000 Tons), 2011& 2018
Figure 43: North America: Lobster Market Forecast: Production Volume (in ‘000 Tons), 2019-2024
Figure 44: Europe: Lobster Market: Production Volume (in ‘000 Tons), 2011& 2018
Figure 45: Europe: Lobster Market Forecast: Production Volume (in ‘000 Tons), 2019-2024
Figure 46: Asia Pacific: Lobster Market: Production Volume (in ‘000 Tons), 2011& 2018
Figure 47: Asia Pacific: Lobster Market Forecast: Production Volume (in ‘000 Tons), 2019-2024
Figure 48: Oceania: Lobster Market: Production Volume (in ‘000 Tons), 2011& 2018
Figure 49: Oceania: Lobster Market Forecast: Production Volume (in ‘000 Tons), 2019-2024
Figure 50: Africa: Lobster Market: Production Volume (in ‘000 Tons), 2011& 2018
Figure 51: Africa: Lobster Market Forecast: Production Volume (in ‘000 Tons), 2019-2024
Figure 52: Lobster Processing: Detailed Process Flow
Figure 53: Lobster Processing: Conversion Rate of Feedstocks

List of Tables

Table 1: Global: Lobster Market: Key Industry Highlights, 2018 and 2024
Table 2: Global: Lobster Market Forecast: Breakup by Species (in ‘000 Tons), 2019-2024
Table 3: Global: Lobster Market Forecast: Breakup by Weight (in ‘000 Tons), 2019-2024
Table 4: Global: Lobster Market Forecast: Breakup by Product Type (in ‘000 Tons), 2019-2024
Table 5: Global: Lobster Market Forecast: Breakup by Distribution Channel (in ‘000 Tons), 2019-2024
Table 6: Global: Lobster Market Forecast: Breakup by Region (in ‘000 Tons), 2019-2024
Table 7: Global: Lobster Market: Competitive Structure
Table 8: Global: Lobster Market: Key Players
Table 9: Lobster Processing Plant: Land and Construction Requirements
Table 10: Lobster Processing Plant: Machinery Requirements
Table 11: Lobster Processing Plant: Manpower Requirements
Table 12: Lobster Processing Plant: Utility Requirements
Table 13: Lobster Processing Plant: Packaging Requirements

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