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The United States lobster market is currently witnessing moderate growth. 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. On account of these factors, IMARC Group expects the market to continue its moderate growth during the forecast period (2020-2025).
IMARC Group provides an analysis of the key trends in each sub-segment of the United States 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.
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The competitive landscape of the industry has also been examined along with the profiles of the key players.
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