Lobster contains a rich source of nutrients like vitamin E, Omega 3 fatty acids, magnesium, phosphorus, copper, zinc, and B12. Currently more than half of the lobster produced in the United States of America only. Moreover, the United States also imports lobster from other countries because of the huge demand for domestic consumption. People across the world prefer to eat lobster because of their rich nutrients, and their omega 3 fatty acids component is best for heart disease patients. The Global Lobster Market is expected to cross the volume of 400 thousand tons by the end of the year 2025.
Currently, the bulk of lobsters are exported from Canada; the initial period of a China & United States trade war seems set to have a significant effect on the lobster market. As China has put the 25% tariff on the lobsters originating from the USA, Canada is winning United States market share. And growing importance in Australian rock lobster in China means stricter competition for US exporters from Australia too. Besides in 2017, the Comprehensive Economic and Trade Agreement (CETA) between Canada and the EU28 also affecting lobsters exporters of USA.
Lobster can be prepared in many ways, such as boiling and steaming. It can also be used as filler for a sandwich, added in pasta, etc. The major factors that are fueling the growth of the lobster market globally are; rising disposable income, preference of sea-food over other animal meat, a rich source of nutrients, the advancement of farming process across the world will further boost the market. Increasing use of packed food, restaurants discovers various dishes of lobster and changing consumer taste will further propel the market.
A new research report titled “Global Lobster Market, by Species (American lobster, European lobster, Caribbean spiny lobster, Australian spiny lobster, Red Rock Lobster, and Others), Importing Countries (United States, Canada, China, France, China, Hong Kong (SAR) and others) Exporting Countries (Canada, United States, Australia, New Zealand, United Kingdom and Others) Forecast” This report studies the Global Lobster market and volume analysis and provides an all-encompassing analysis of the key growth drivers and preventive factors, price analysis, value chain analysis, market and volume trends, and their projections for the upcoming years.
Insight - by Importing Nation
Here we have done an in-depth analysis of the top importing nation of lobster. These countries are; United States, Canada, China, France, and Hong Kong (SAR). Here we have also studied the consumption trend of top importing countries and identify the future trend and growth of the import market.
Insight - by Exporting Nation
This report explains the comprehensive export trading of lobster in the world. The top exporting nations are; Canada, United States, Australia, New Zealand, United Kingdom. Here we have discussed competitive price, quality of lobster and their capacity to export.
Insight - by Species
The Lobster Market is fragmented into five parts by species; American lobster, European lobster, Caribbean spiny lobster, Australian spiny lobster, Red Rock Lobster. Here we have explained the historical production trend as well as anticipated production trend on the basis of species.
Price Analysis
In this report, we have done a full analysis of lobster price; lobster import price by top importing nation and lobster export price by top exporting nation.
Major Lobster Importing Countries:
- United States
- Canada
- China
- France
- Hong Kong (SAR)
- Others
Major Lobster Exporting Countries:
- Canada
- United States
- Australia
- New Zealand
- United Kingdom
- Others
Market Segment by Source of Species
- American lobster
- European lobster
- Caribbean spiny lobster
- Australian spiny lobster
- Red Rock Lobster
Table of Contents
1. Introduction2. Research & Methodology3. Global Lobster Market Analysis4. Global Lobster Volume Analysis
Countries Covered
- Australia
- Canada
- China
- France
- Hong Kong (SAR)
- New Zealand
- United Kingdom
- United States
Methodology
In this report, for analyzing the future trends for the studied market during the forecast period, the publisher has incorporated rigorous statistical and econometric methods, further scrutinized by secondary, primary sources and by in-house experts, supported through their extensive data intelligence repository. The market is studied holistically from both demand and supply-side perspectives. This is carried out to analyze both end-user and producer behavior patterns, in the review period, which affects price, demand and consumption trends. As the study demands to analyze the long-term nature of the market, the identification of factors influencing the market is based on the fundamentality of the study market.
Through secondary and primary researches, which largely include interviews with industry participants, reliable statistics, and regional intelligence, are identified and are transformed to quantitative data through data extraction, and further applied for inferential purposes. The publisher's in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of their recommendations and advice.
Primary Research
The primary purpose of this phase is to extract qualitative information regarding the market from the key industry leaders. The primary research efforts include reaching out to participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions. The publisher also established professional corporate relations with various companies that allow us greater flexibility for reaching out to industry participants and commentators for interviews and discussions, fulfilling the following functions:
- Validates and improves the data quality and strengthens research proceeds
- Further develop the analyst team’s market understanding and expertise
- Supplies authentic information about market size, share, growth, and forecast
The researcher's primary research interview and discussion panels are typically composed of the most experienced industry members. These participants include, however, are not limited to:
- Chief executives and VPs of leading corporations specific to the industry
- Product and sales managers or country heads; channel partners and top level distributors; banking, investment, and valuation experts
- Key opinion leaders (KOLs)
Secondary Research
The publisher refers to a broad array of industry sources for their secondary research, which typically includes, however, is not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Patent and regulatory databases for understanding of technical & legal developments
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic new articles, webcasts, and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecasts
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