Global Lobster Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By End Users;

Foodservice and Retail.

By Type;

Whole Lobster, Lobster Tail, Lobster Meat.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn361522610 Published Date: January, 2025 Updated Date: February, 2025

Introduction

Global Lobster Market (USD Million), 2021 - 2031

In the year 2024, the Global Lobster Market was valued at USD 8,238.52 million. The size of this market is expected to increase to USD 15,266.58 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 9.2%.

The global lobster market is a dynamic segment within the seafood industry, driven by a combination of culinary demand, international trade dynamics, and environmental factors. Lobsters, prized for their succulent meat and culinary versatility, are harvested from both wild fisheries and aquaculture operations worldwide. This market's growth is influenced by factors such as changing consumer preferences, economic conditions affecting disposable incomes, and regulatory frameworks governing fishing practices and sustainability.

Consumer demand for lobster has surged in recent years, fueled by the growing popularity of seafood in global diets and increasing awareness of its nutritional benefits. The market is segmented into various product types, including live lobsters, frozen tails, and processed lobster meat, catering to diverse culinary preferences and distribution channels. Geographically, North America dominates the market, supported by robust consumption in the United States and Canada, where lobster is a celebrated delicacy. Additionally, Asia-Pacific has emerged as a significant market due to rising affluence and a burgeoning taste for premium seafood products.

The lobster market faces challenges such as environmental sustainability concerns, fluctuations in supply due to natural factors like climate change, and regulatory pressures on fishing practices. However, technological advancements in aquaculture techniques offer promising opportunities to meet growing demand sustainably. Moreover, expanding trade networks and culinary innovation present avenues for market growth, with premium lobster products increasingly sought after in upscale restaurants and gourmet markets worldwide. As stakeholders navigate these dynamics, the global lobster market continues to evolve, driven by both traditional seafood culture and contemporary culinary trends.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By End Users
    2. Market Snapshot, By Type
    3. Market Snapshot, By Region
  4. Global Lobster Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Growing demand for seafood
        2. Increasing popularity of lobster dishes in fine dining
        3. Rising disposable incomes in emerging markets
      2. Restraints
        1. Seasonal availability and environmental factors affecting supply
        2. High operational costs in fishing and processing
        3. Regulatory challenges in fishing quotas and sustainability practices
      3. Opportunities
        1. Expansion of export markets, especially in Asia-Pacific
        2. Innovations in aquaculture for sustainable lobster farming
        3. Rising consumer preference for healthy and protein-rich seafood
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Lobster Market, By End Users, 2021 - 2031 (USD Million)
      1. Foodservice
      2. Retail
    2. Global Lobster Market, By Type, 2021 - 2031 (USD Million)
      1. Whole Lobster
      2. Lobster Tail
      3. Lobster Meat
    3. Global Lobster Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Clearwater Seafoods
      2. High Liner Foods
      3. East Coast Seafood Group
      4. Thai Union Group
      5. Royal Greenland
      6. Tri-Marine International
      7. Maruha Nichiro Corporation
      8. Iglo Group (Nomad Foods)
      9. Darden Restaurants
      10. Mazzetta Company
  7. Analyst Views
  8. Future Outlook of the Market