United States Lobster Market Share, Size, Growth, Opportunity and Forecast 2020-2025

*As the coronavirus disease (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

United States Lobster Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025

Market Overview:

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).

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 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.

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.

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?