United States Lobster Market Size, Demand, Trends and Forecast 2023-2028

IMARC Group, a leading market research company, has recently releases report titled “United States Lobster Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the United States lobster market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.


Lobster Market in United States: 2023-2028


How big is the United States lobster market?

The United States lobster market size reached 168.5 Kilo Tons in 2022. Looking forward, IMARC Group expects the market to reach 215.7 Kilo Tons by 2028, exhibiting a growth rate (CAGR) of 3.7% during 2023-2028.

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What is lobster?

Lobsters represent marine creatures from the crustacean family, having long cylindrical bodies 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. Lobsters 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. They are available in several sizes and weights. The presence of different kinds of marine creatures caters to the taste and preferences of consumers across the country.

What are the growth prospects and trends in the industry?

The increasing number of catches over the decade, owing to the robust management measures, is among the key elements stimulating the United States lobster market. Moreover, the growing popularity of canned lobster, which is a popular value-added product available at accessible prices in supermarkets, is acting as another significant growth-inducing factor. Besides this, the introduction of new technologies to predict changes in ocean climate within a geographical fisheries management region, allowing authorities to plan the sustainability of the lobster fishery, is positively influencing the market growth.

Furthermore, various quality and innovation centers are engaged in searching for new ways to advance the export value of the product, which is also propelling the market growth across the country. Apart from this, the growing urbanization levels and the emerging popularity of western cuisines are further fueling the market growth.

Additionally, the expanding hospitality sector and the escalating demand for the item in high-end hotels and restaurants for the preparation of exotic delicacies, including lobster paellas and Thai lobster soup, are anticipated to fuel the United States lobster market over the forecasted period.

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What is included in market segmentation?

The report has segmented the market into the following categories:

Breakup by Species:

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

Breakup by Weight:

  • 5 – 0.75 lbs
  • 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 Regional:

  • Northeast
  • Midwest
  • South
  • West

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Key Highlights of the Report:

  • Market Performance (2017-2022)
  • Market Outlook (2023-2028)
  • Market Trends
  • Market Drivers and Success Factors
  • Impact of COVID-19
  • Value Chain Analysis
  • 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 pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Media Contact:
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Contact Person: Elena Anderson
Email: sales@imarcgroup.com
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Country: United States
Website: https://www.imarcgroup.com

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