Lobster Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2018-2023

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The global lobster market reached a value of US$ XX Million in 2017. The market is further projected to reach a value of US$ XX Million by 2023, expanding at a CAGR of X% during 2018-2023. 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.

Market Summary:

  • 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.
  • 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 cannabis 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    Porters 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    Price Indicators
        5.12.2    Price Trends
        5.12.3    Margin Analysis
6    Market Performance by Species
    6.1    American Lobster
    6.2    Spiny Lobster
    6.3    Rock Lobster
    6.4    European Lobster
7    Market Performance by Weight
    7.1    0.5 – 0.75 lbs
    7.2    0.76 – 3.0 lbs
    7.3    Over 3 lbs
8    Market Performance by Product Type
    8.1    Whole Lobster
    8.2    Lobster Tail
    8.3    Lobster Meat
    8.4    Lobster Claw
9    Market Performance by Distribution Channel
    9.1    Food Service
    9.2    Retail
10    Market Performance by Region
    10.1    North America
    10.2    Europe
    10.3    Asia Pacific
    10.4    Oceania
    10.5    Africa
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 Requitrements
    11.8    Utility Requirements
    11.9    Transportation Requirements
    11.10    Packaging Requitrements
    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    Pescanova
        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), 2010-2017
Figure 3: Global: Lobster Market: Production Value (in ‘000 US$), 2010-2017
Figure 4: Global: Lobster Market: Breakup by Species (in %), 2017
Figure 5: Global: Lobster Market: Breakup by Weight (in %), 2017
Figure 6: Global: Lobster Market: Breakup by Product Type (in %), 2017
Figure 7: Global: Lobster Market: Breakup by Distribution Channel (in %), 2017
Figure 8: Global: Lobster Market: Breakup by Region (in %), 2017
Figure 9: Global: Lobster Market Forecast: Production Volume (in ‘000 Tons), 2018-2023
Figure 10: Global: Lobster Market Forecast: Production Value (in ‘000 US$), 2018-2023
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$/Ton), 2010 -2017
Figure 15: Global: Lobster Market Forecast: Average Price Trend (in US$/Ton), 2018- 2023
Figure 16: Global: Lobster Market (American): Production Volume (in ‘000 Tons), 2010, 2017 & 2023
Figure 17: Global: Lobster Market (Spiny): Production Volume (in ‘000 Tons), 2010, 2017 & 2023
Figure 18: Global: Lobster Market (Rock): Production Volume (in ‘000 Tons), 2010, 2017 & 2023
Figure 19: Global: Lobster Market (European): Production Volume (in ‘000 Tons), 2010, 2017 & 2023
Figure 20: Global: Lobster Market (Weight between 0.5-0.75 lbs): Production Volume (in ‘000 Tons), 2010, 2017 & 2023
Figure 21: Global: Lobster Market (Weight between 0.76-3.0 lbs): Production Volume (in ‘000 Tons), 2010, 2017 & 2023
Figure 22: Global: Lobster Market (Weight Over 3 lbs): Production Volume (in ‘000 Tons), 2010, 2017 & 2023
Figure 23: Global: Lobster Market (Whole): Production Volume (in ‘000 Tons),
Figure 24: Global: Lobster Market (Tail): Production Volume (in ‘000 Tons), 2010, 2017 & 2023
Figure 25: Global: Lobster Market (Meat): Production Volume (in ‘000 Tons), 2010, 2017 & 2023
Figure 26: Global: Lobster Market (Claw): Production Volume (in ‘000 Tons), 2010, 2017 & 2023
Figure 27: Global: Lobster Market: Sales through Food Services Industry (in ‘000 Tons), 2010, 2017 & 2023
Figure 28: Global: Lobster Market: Sales through Retail Industry (in ‘000 Tons), 2010, 2017 & 2023
Figure 29: North America: Lobster Market: Production Volume (in ‘000 Tons), 2010, 2017 & 2023
Figure 30: Europe: Lobster Market: Production Volume (in ‘000 Tons), 2010, 2017 & 2023
Figure 31: Asia Pacific: Lobster Market: Production Volume (in ‘000 Tons), 2010, 2017 & 2023
Figure 32: Oceania: Lobster Market: Production Volume (in ‘000 Tons), 2010, 2017 & 2023
Figure 33: Africa: Lobster Market: Production Volume (in ‘000 Tons), 2010, 2017 & 2023
Figure 34: Lobster Processing: Detailed Process Flow
Figure 35: Lobster Processing: Conversion Rate of Feedstocks

List of Tables

Table 1: Global: Lobster Market: Key Industry Highlights, 2017 and 2023
Table 2: Global: Lobster Market Forecast: Breakup by Species (in ‘000 Tons), 2018-2023
Table 3: Global: Lobster Market Forecast: Breakup by Weight (in ‘000 Tons), 2018-2023
Table 4: Global: Lobster Market Forecast: Breakup by Product Type (in ‘000 Tons), 2018-2023
Table 5: Global: Lobster Market Forecast: Breakup by Distribution Channel (in ‘000 Tons), 2018-2023
Table 6: Global: Lobster Market Forecast: Breakup by Region (in ‘000 Tons), 2018-2023
Table 7: Global: Lobster Market Structure
Table 8: Global: Lobster Market: Key Players
Table 4: Lobster Processing Plant: Land and Construction Requirements
Table 5: Lobster Processing Plant: Machinery Requirements
Table 6: Lobster Processing Plant: Manpower Requirements
Table 7: Lobster Processing Plant: Utility Requirements
Table 8: Lobster Processing Plant: Packaging Requirements


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