United States Lobster Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

United States Lobster Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Report Format: PDF+Excel | Report ID: SR112023A2896
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Market Overview:

The United States lobster market size reached 161.6 Kilo Tons in 2021. Looking forward, IMARC Group expects the market to reach 205.2 Kilo Tons by 2027, exhibiting a growth rate (CAGR) of 4.3% during 2022-2027.

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 sub-segment of the United States lobster market report, along with forecasts at the country and regional level from 2022-2027. 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:

  • Food Service
  • Retail
     

Breakup by Region:

  • Northeast
  • Midwest
  • South
  • West
     

Competitive Landscape:

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

Report Coverage:

Report Features Details
Base Year of the Analysis 2021
Historical Period 2016-2021
Forecast Period 2022-2027
Units ‘000 Tons
Segment Coverage Species, Weight, Product Type, Distribution Channel, Region
Region Covered Northeast, Midwest, South, West
Customization Scope 10% Free Customization
Report Price and Purchase Option

Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)


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?

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United States Lobster Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027
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