The United States lobster market size reached US$ 3.4 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 5.2 Billion by 2028, exhibiting a growth rate (CAGR) of 7.1% during 2023-2028.
Lobsters refer to marine creatures belonging to the crustacean family, having a long cylindrical body and five pairs of jointed legs. They have a hard chitinous exoskeleton that is greenish or brownish in color but turns red after it is cooked. They consist of numerous essential nutrients, such as copper, phosphorous, zinc, omega-3 fatty acid, magnesium, and vitamins E and B12, which provide protection against thyroid dysfunction, reduce inflammation, boost energy, and improve cognition ability. In the United States, lobsters are available in various sizes and weights. The presence of different kinds of lobsters caters to the taste and preferences of a large number of consumers across the country.
The United States represents one of the largest markets for lobsters, primarily driven by the increased number of catches over the decade due to the robust management measures. Canned lobster is a popular value-added lobster product available at accessible prices in supermarkets across the country. Moreover, with the introduction of new technologies, a system has been developed for projecting changes in ocean climate within a geographic fishery management area. This tool has enabled fishermen, policymakers, and resource managers to plan the sustainability of the lobster fishery in Nova Scotia and Canadian waters of the Gulf of Maine. In addition to this, the lobster quality and innovation center is engaged in finding new ways to further advance the quality and export value of lobsters.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each segment of the United States lobster market report, along with forecasts at the country and regional levels from 2023-2028. Our report has categorized the market based on 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:
Breakup by Region:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
|Base Year of the Analysis
|Species, Weight, Product Type, Distribution Channel, Region
|Northeast, Midwest, South, West
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Key Questions Answered in This Report:
- How has the United States lobster market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the United States 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 United States lobster market and who are the key players?
- What is the degree of competition in the industry?