Dublin, March 19, 2025 (GLOBE NEWSWIRE) — The “Lobster Market Size and Share Analysis – Growth Trends and Forecast Report 2025-2033” report has been added to ResearchAndMarkets.com’s offering.
Lobster market is expected to reach US$ 14.73 billion by 2033 from US$ 6.87 billion in 2024, with a CAGR of 8.84% from 2025 to 2033
Growing demand for seafood, more attention to sustainability programs and certifications to address overfishing concerns, product premiumization and diversity, and a number of health benefits linked to lobster eating are driving the industry.
The increasing demand for premium seafood, especially in regions like the US, Canada, and Europe, is fueling the growth of the global lobster industry. In culinary circles, lobsters – particularly the American lobster (Homarus americanus) – are regarded as luxury items because of their sweet, soft meat. Fishing, farming, processing, and distribution of wild lobsters are all included in the lobster industry. The North Atlantic Ocean is where most lobsters are gathered, and the Maritime Provinces of Canada and Maine in the United States are important locations for wild lobster fishing. From fishing and aquaculture operations to processing plants and retail establishments, the sector supports a diverse range of enterprises.
The growing customer appetite for high-quality seafood products and sustainable sourcing methods is one of the primary factors propelling the lobster industry’s expansion. Growing health consciousness and increased disposable budgets in emerging economies have made lobster a more appealing and nutrient-dense choice. The industry’s environmental impact has also improved as a result of improved management of lobster stocks and the development of sustainable fishing methods.
Market expansion has also been aided by lobster’s growing appeal in foreign markets, particularly in Asia. The sector does, however, confront difficulties, including trade rules, high operating expenses, and variations in lobster supply brought on by environmental variables. Despite these challenges, the lobster industry is nevertheless thriving because of high consumer demand, aquaculture advancements, and access to global markets.
Online sales of seafood goods, especially lobster, have increased significantly, according to government data from the U.S. Census Bureau. This growth was particularly noticeable during the epidemic. For example, the U.S. had a 99% rise in online seafood sales in 2020 over the previous year, demonstrating the quick uptake of e-commerce platforms for seafood purchases.
Growth Drivers for the Lobster Market
Growing Seafood Consumption & Health Awareness
The market for lobster has been greatly strengthened by expanding seafood consumption and growing health consciousness. The United States consumed 19.2 pounds of seafood per person in 2020, according to NOAA Fisheries, with lobster consumption increasing steadily. Lobster’s attractiveness is further enhanced by the endorsement of seafood for cardiovascular benefits by health organizations such as the American Heart Association. It is anticipated that lobster consumption will increase as these health trends continue to influence eating patterns, especially in areas where people are becoming more conscious of their health.
Premium and Luxury Seafood Demand
Demand in the restaurant and retail industries is greatly increased by lobster’s widespread recognition as a premium seafood product that is frequently associated with special events and upscale dining. Lobster is frequently used at upscale dining facilities, holiday feasts, and celebratory occasions in developed markets like the United States, Europe, and increasingly Asia. The growing appeal of gourmet items and products made from lobster in stores and dining establishments is another indication of this demand.
Culinary Trends and Innovation
One of the main reasons for lobster’s appeal in international culinary trends is its adaptability in cooking. Traditionally, lobster has been served in traditional recipes such steamed lobster, lobster rolls, and lobster bisque, which are frequently connected to upscale restaurants and opulent dinners. Nonetheless, lobster is now more widely used in a variety of cuisines and eating experiences thanks to contemporary culinary innovation.
Challenges in the Lobster Market
Environmental Factors and Climate Change
The lobster industry has major problems from environmental concerns, especially climate change. Lobster populations may be directly impacted by the disruption of marine ecosystems caused by rising ocean temperatures and ocean acidification. Lobster migration patterns may be changed by warmer waters, which may compel them to relocate to deeper, cooler places that are frequently outside of conventional fishing grounds.
Overfishing and Sustainability Concerns
For the lobster industry, overfishing and the possible depletion of lobster supplies are major issues. Long-term market stability may be at risk if lobster populations diminish as a result of unsustainable fishing methods. Many areas have responded to this by enacting stringent lobster fishing laws, such as size restrictions, seasonal closures, and trap limits to guarantee sustainable gathering.
Furthermore, sustainable measures including marine protected areas, selective fishing methods, and bycatch reduction initiatives are becoming more and more significant. In addition to protecting lobster supplies, adherence to sustainability standards is essential for satisfying customer demand for seafood that is supplied ethically. To protect the industry’s future and preserve access to international markets, effective conservation measures are crucial.
Company Analysis: Overview, Recent Developments, Revenue Analysis
- Boston Lobster
- Clearwater Seafoods
- High Liner Foods Incorporated
- Thai Union Manufacturing Company Ltd,
- East Coast Seafood Group
- Geraldton Fishermen’s Co-operative
- PESCANOVA ESPANA SL,
- Supreme Lobster
- Tangier Lobster
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 130 |
| Forecast Period | 2024 – 2033 |
| Estimated Market Value (USD) in 2024 | $6.87 Billion |
| Forecasted Market Value (USD) by 2033 | $14.73 Billion |
| Compound Annual Growth Rate | 8.8% |
| Regions Covered | Global |
Key Topics Covered:
1. Introduction
2. Research Methodology
3. Executive Summary
4. Market Dynamics
4.1 Growth Drivers
4.2 Challenges
5. Global Lobster Market
6. Market Share
6.1 By Species
6.2 By Weight
6.3 By Product Type
6.4 By Distribution Channel
6.5 By Countries
7. Species
7.1 American Lobster
7.2 European Lobster
7.3 Spiny Lobster
7.4 Rock Lobster
8. Weight
8.1 0.5 – 0.75 lbs
8.2 0.76 – 3.0 lbs
8.3 Over 3 lbs
9. Product Types
9.1 Whole Lobster
9.2 Lobster Tail
9.3 Lobster Meat
10. Distribution Channel
10.1 Food Service
10.2 Retail
11. Countries
11.1 North America
11.1.1 United States
11.1.2 Canada
11.2 Europe
11.2.1 France
11.2.2 Germany
11.2.3 Italy
11.2.4 Spain
11.2.5 United Kingdom
11.2.6 Belgium
11.2.7 Netherlands
11.2.8 Turkey
11.3 Asia Pacific
11.3.1 China
11.3.2 Japan
11.3.3 India
11.3.4 South Korea
11.3.5 Thailand
11.3.6 Malaysia
11.3.7 Indonesia
11.3.8 Australia
11.3.9 New Zealand
11.4 Latin America
11.4.1 Brazil
11.4.2 Mexico
11.4.3 Argentina
11.5 Middle East & Africa
11.5.1 Saudi Arabia
11.5.2 United Arab Emirates
11.5.3 South Africa
12. Porter’s Five Forces Analysis
12.1 Bargaining Power of Buyers
12.2 Bargaining Power of Suppliers
12.3 Degree of Competition
12.4 Threat of New Entrants
12.5 Threat of Substitutes
13. SWOT Analysis
13.1 Strength
13.2 Weakness
13.3 Opportunity
13.4 Threats
14. Key Players Analysis
For more information about this report visit https://www.researchandmarkets.com/r/ex8wop
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