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Global Lobster Market Overview 2018, Demand by Regions, Types and Analysis of Key Players

united states, 13 December 2018 -- The global lobster market has witnessed a positive growth over the past few years. Expansion of the hospitality industry along with the availability of processed lobster products in attractive packaging has provided an impetus to the market growth.

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According to the latest report by IMARC Group, titled “Lobster Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2018-2023”, the global lobster market reached a value of US$ XX Million in 2017. Lobster is a type of marine crustaceans which is a rich source of omega-3 fatty acids, zinc, phosphorus, vitamin B12, magnesium and vitamin E. Lobster consumption promotes healthy cholesterol levels and reduces the risk of obesity, diabetes, and heart diseases. In recent years, commercial lobster farming has improved their survival rate and productivity. Moreover, with rising consumption of premium seafood products, there has been a shift in the preferences of consumers from raw and frozen products to value-added and cooked products.

Global Lobster Market Trends:

Canned and vacuum-packed lobster products are widely used in the preparation of cocktails, mayonnaise, chowder, soups, stews, sandwiches, rolls, snacks and seafood salads. This has resulted in high demand for these value-added lobster products, particularly in North America. Apart from this, the growing middle-class, expanding e-commerce industry and rising imports of frozen lobster products are some of the prominent factors that are contributing to the growth of the lobster market in emerging regions.
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Submitted by Imarc Group, IMARC Group on Thursday, 13 December 2018 at 8:09 PM
Category: Food & Fashion
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