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    Lobster Market Size, Share, Trends, Analysis and Forecast 2021-26

    According to IMARC Group’s latest report, titled “Lobster Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, The global lobster market reached a value of US$ 5.66 Billion in 2020. Lobster refers to a type of marine crustacean with stalked eyes, five pairs of jointed legs, a long cylindrical body, and a muscular tail. It is generally greenish brown in color and covered with a chitinous exoskeleton that turns bright red when cooked. Lobster acts as a rich source of phosphorous, omega-3 fatty acids, vitamin E and B12, copper, zinc, magnesium, etc. The consumption of lobster’s aids in mitigating the risk of thyroid, reducing inflammation, improving cognition, repairing damaged tissues, boosting energy, etc.

    Request for a PDF sample of this report: https://www.imarcgroup.com/lobster-market/requestsample

    The rising consumer health awareness has led to an increasing shift from high-calorie food products towards a protein-rich diet, which is driving the lobster market. Furthermore, the easy availability of frozen, canned, and vacuum-packed variants and the elevating consumer inclination towards seafood products are also augmenting the market growth. Besides this, the growing penetration of cross-continental food trends and the increasing consumption of lobsters in exotic cuisines are further bolstering the product demand. Moreover, the expanding hospitality sector has led to a rise in demand for lobsters across restaurants and hotels, which is anticipated to propel the market growth over the forecasted period. Looking forward, IMARC Group expects the market to exhibit strong growth during 2021-2026.

    Rising awareness about the health benefits of lobsters and increasing health-conscious consumers are the major factors driving the market growth. Owing to the easy availability of canned, frozen and vacuum-packed variants, the demand for lobsters is continually witnessing an increase across the globe. Lobsters are also available in whole pieces or chopped to be used in the preparation of cocktails, soups, stews, sandwiches and salads. The convenience offered by these products coupled with the increasing working population worldwide is influencing the growth of the market. In addition to this, manufacturers are launching value-added and premium grade products to cater to the diversified tastes and preferences of the consumers, particularly those residing in the urban areas. Moreover, the thriving hospitality industry has led to the increasing demand for lobsters from hotels and restaurants for the preparation of various exotic delicacies including lobster paellas and Thai lobster soup. On account of the aforementioned factors, the global lobster market size is projected to reach US$ 13.9 Billion by 2024.

    IMARC Group provides an analysis of the key trends in each sub-segment of the global lobster market, along with forecasts at the global and regional level from 2021-2026. Our report has categorized the market based on species, weight, product type and distribution channel.

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

    Market Segmentation:

    Market Breakup by Species:

    • American Lobster
    • Spiny Lobster
    • Rock Lobster
    • European Lobster

    Market Breakup by Weight:

    • 5 – 0.75 lbs
    • 76 – 3.0 lbs
    • Over 3 lbs

    Market Breakup by Product Type:

    • Whole Lobster
    • Lobster Tail
    • Lobster Meat
    • Lobster Claw

    Market Breakup by Distribution Channel:

    • Food Service
    • Retail

    Regional Insights:

    • North America
    • Europe
    • Asia
    • Oceania
    • Others

    Ask Analyst for Customization and Explore full report with TOC & List of Figureshttps://www.imarcgroup.com/lobster-market

    We are updating our reports, If you want latest primary and secondary data (2021-2026) with Cost Module, Business Strategy, Distribution Channel, etc. Click request free sample report, published report will be delivered to you in PDF format via email within 24 to 48 hours.

    Key highlights of the report:                                                    

    • Market Performance (2015-2020)
    • Market Outlook (2021-2026)
    • Market Trends
    • Market Drivers and Success Factors
    • The Impact of COVID-19 on the Global Market
    • Value Chain Analysis
    • Structure of the Global Market
    • Comprehensive mapping of the competitive landscape

    If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

    About Us

    IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

    IMARC’s information products include major market, scientific, economic and technological developments for business leaders in biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, and nanotechnology industries. We also provide cost model and manufacturing setup project reports through Syndicated Analytics, a subsidiary of IMARC Group.

    Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.

    Contact US:

    IMARC Group

    30 N Gould St Ste R

    Sheridan, WY 82801 USA – Wyoming

    Email: Sales@imarcgroup.com

    Tel No:(D) +91 120 433 0800

    Americas: – +1 631 791 1145 | Africa and Europe: – +44-702-409-7331 | Asia: +91-120-433-0800, +91-120-433-0800

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