Europe Lobster Market to See Striking Growth by 2028

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

How Big is the Europe Lobster Market?

The Europe lobster market size reached 61.2 Kilo Tons in 2022. Looking forward, IMARC Group expects the market to reach 78.6 Kilo Tons by 2028, exhibiting a growth rate (CAGR) of 4.15% during 2023-2028.

What is Lobster?

A lobster refers to a marine crustacean with a pair of long claws and hard shells. It is generally cooked by boiling or steaming as lobster is a highly priced delicacy across countries. In line with this, it is a healthy food item with fewer calories as well as high amounts of vital nutrients, including selenium, copper, zinc, phosphorous, vitamin B12 and E, magnesium, omega-3 fatty acid, etc. In Europe, lobster is commonly available in chopped or whole pieces that can be used in the preparation of cocktails, soups, stews, sandwiches, salads, etc. It provides numerous health benefits, such as repairing damaged tissues, strengthening bones, minimizing the risks of developing obesity and cardiovascular diseases, boosting energy levels, etc.

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 What are the Growth Prospects and Trends in the Europe Lobster Industry?

The escalating demand for domestically produced seafood over imports is primarily augmenting the Europe lobster market. Furthermore, the rising consumer awareness towards the health benefits of consuming a protein-rich diet is positively influencing the regional market. Apart from this, the increasing utilization of lobsters in Europe, as they are considered to have a better quality, is acting as another significant growth-inducing factor. Moreover, the introduction of value-added and premium-grade products by several leading manufacturers is also bolstering the market growth. Besides this, the implementation of stringent regulations by government bodies across the region for suspending tariffs on the imports of lobster products is further catalyzing the market growth. Additionally, the inflating urbanization levels and the expanding hospitality sector are expected to fuel the Europe lobster market in the coming years.

What is Included in Market Segmentation?

The report has categorized the market based on species, weight, product type and distribution channel.

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

Countries Covered:

• Germany

• France

• United Kingdom

• Italy

• Spain

• Others

Who are the Key Players Operating in the Europe Lobster Market?

The report has also provided a comprehensive analysis of the competitive landscape in the Europe lobster market. Competitive analysis such as market structure, market share by key players, player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report.

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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.

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