The U.S. frozen lobster market fell sharply to $X in 2022, which is down by -44.1% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption, however, continues to indicate a relatively flat trend pattern. As a result, consumption attained the peak level of $X, and then fell remarkably in the following year.

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Lobster Market Size 2024-2028

The lobster market size is forecast to increase by USD 3.9 billion, at a CAGR of 10.03% between 2023 and 2028.

The market is experiencing dynamic growth, driven by the increasing popularity of lobster restaurants and the rise of e-commerce platforms. The proliferation of lobster restaurants worldwide caters to the growing demand for this luxury seafood, offering consumers diverse dining experiences. Simultaneously, the expansion of e-commerce channels allows for greater accessibility to lobster products, reaching a broader consumer base and increasing market penetration. However, the market is not without challenges. The reliance on suppliers poses significant risks, as their instability can disrupt the supply chain and impact market prices.
Ensuring a consistent and reliable supply of lobsters is crucial for businesses to maintain customer satisfaction and sustain growth. Companies must establish strong relationships with their suppliers and explore alternative sources to mitigate risks and ensure a steady flow of high-quality lobsters to meet the escalating market demand.

What will be the Size of the Lobster Market during the forecast period?

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The market continues to evolve, driven by various factors including water quality parameters, population dynamics modeling, and parasite load assessment in aquaculture lobster farming. Lobster growth modeling and climate change adaptation are crucial elements in ensuring optimal production levels, as evidenced by a 10% increase in sales for a leading aquaculture company. The industry anticipates a 5% annual growth rate, with ongoing research in areas such as shell disease prevalence, size at maturity, and lobster reproduction. Technological advancements play a significant role in the market's continuous unfolding. For instance, temperature monitoring systems and molting cycle monitoring enable farmers to optimize feeding frequency and minimize the impact of ocean acidification.

Additionally, habitat restoration techniques and environmental monitoring help maintain healthy ecosystems, while selective fishing gear and bycatch reduction strategies promote sustainable practices. Parasite load assessment, antibiotic resistance monitoring, and disease detection methods are essential for maintaining lobster health. Shell hardness measurement and predator avoidance behaviors contribute to the overall market dynamics, as does the ongoing development of lobster trap design and larval rearing techniques. Furthermore, trawl fishing methods and stock assessment techniques are subject to ongoing refinement, ensuring the long-term viability of the market. Microbial community analysis and genetic diversity analysis offer valuable insights into the health and sustainability of lobster populations.

These research areas, along with escapement mechanisms and sustainable fishing practices, contribute to the market's ongoing evolution and the ongoing adaptation to the challenges posed by climate change and other environmental factors.

How is this Lobster Industry segmented?

The lobster industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.

End-user

  Food service
  Retail


Geography

  North America

    US
    Canada


  Europe

    France
    Germany


  APAC

    China
    Japan


  Rest of World (ROW)

By End-user Insights

The food service segment is estimated to witness significant growth during the forecast period.

The market is driven by the significant demand from the foodservice industry, which is the largest end-user segment. Lobsters are prized for their luxurious taste and are featured in various expensive dishes served at restaurants worldwide. To cater to the growing demand and make lobster accessible to a larger consumer base, many foodservice chains offer affordable lobster meat and lobster rolls. For instance, Red Lobster, a leading restaurant chain, offers an extensive menu of lobster dishes. Additionally, fast, casual, and quick-service restaurants are also incorporating lobster into their menus. Population dynamics modeling, parasite load assessment, and climate change adaptation are crucial aspects of the lobster industry.

Aquaculture lobster farming and lobster growth modeling are essential for maintaining a sustainable supply. The industry also focuses on temperature monitoring systems, molting cycle monitoring, and habitat restoration techniques to ensure optimal lobster health. Antibiotic resistance monitoring, feeding frequency optimization, and selective fishing gear are employed to minimize the environmental impa

In 2022, the Uruguayan frozen lobster market was finally on the rise to reach $X for the first time since 2018, thus ending a three-year declining trend. Over the period under review, consumption, however, saw a slight setback. As a result, consumption attained the peak level of $X. From 2019 to 2022, the growth of the market remained at a somewhat lower figure.

The Mexican frozen lobster market amounted to less than $X in 2022, remaining relatively unchanged against the previous year. In general, consumption showed a relatively flat trend pattern.

Frozen Lobster Price in Mexico - 2022. Find the latest marketing data on the IndexBox platform.

Forecast: Seafood Market Size Value Per Capita in Poland 2022 - 2026 Discover more data with ReportLinker!

The SADC frozen lobster market skyrocketed to $X in 2022, with an increase of 19% against the previous year. The market value increased at an average annual rate of +1.6% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked at $X in 2017; however, from 2018 to 2022, consumption stood at a somewhat lower figure.

Forecast: Seafood Market Size Value in Belgium 2022 - 2026 Discover more data with ReportLinker!

The Seafood sales reached USD 1,10,200.0 million in 2022, worldwide demand for Seafood shows a year-on-year growth of 1.7% in 2023 and thus, the target product sales are expected to reach USD 110 billion in 2024. Over the projection period (2024 to 2034), global Seafood sales are projected to rise at a compound annual growth rate (CAGR) of 3.1% and reach a sales size of USD 149 billion by 2034 end.

Attributes	Description
Estimated Global Seafood Market Value (2024E)	USD 110 billion
Projected Global Seafood Market Value (2034F)	USD 149 billion
Value-based CAGR (2024 to 2034)	3.1%

Semi-annual Market Update for Seafood Market

Particular	Value CAGR
H1	1.7% (2023 to 2033)
H2	2.1% (2023 to 2033)
H1	2.8% (2024 to 2034)
H2	3.1% (2024 to 2034)

Analysis of Top Countries, Producing, Formulating, Packaging, Distributing, and Consuming Seafood

Countries	CAGR 2024 to 2034
China	4.2%
USA	5.7%
India	6.5%

Seafood Industry Analysis by Top Investment Segments

Segment	Natural (By Nature)
Value Share (2024)	62.6%

Segment	Food (By End-use)
Value Share (2024)	77.4%

Over the last two observations, the revenue is forecast to significantly increase in the seafood segments. The trend observed from 2018 to 2030 remains ********** throughout the entire forecast period.

Sales of plant-based meat substitutes and seafood in the United States have declined in the past two years. In 2024, compared to 2023, the U.S. market shrank by ***** percent in value and ****** percent in volume. This continues the trend seen in the year prior.

In 2022, after two years of decline, there was significant growth in the Japanese frozen lobster market, when its value increased by 78% to $X. In general, the total consumption indicated a perceptible expansion from 2012 to 2022: its value increased at an average annual rate of +3.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market attained the peak level at $X in 2016; however, from 2017 to 2022, consumption failed to regain momentum.

Forecast: Seafood Market Size Value Per Capita in Germany 2022 - 2026 Discover more data with ReportLinker!

The size of the Frozen and Canned Seafood Market in US market was valued at USD XX Million in 2023 and is projected to reach USD XXX Million by 2032, with an expected CAGR of 3.90% during the forecast period. Recent developments include: August 2022: The Marine Stewardship Council (MSC) awarded American Tuna, Inc. a 2022 MSC US Ocean Champion Award for their continued dedication to seafood sustainability and ocean health.February 2022: Sysco announced the completion of the acquisition of The Coastal Companies, a leading fresh produce distributor and value-added processer. The acquisition will operate as part of FreshPoint, Sysco’s specialty produce business, and enables FreshPoint to enhance its service in the important Mid-Atlantic region, strategically diversify its portfolio by adding retail and ready-to-eat capabilities, and add state-of-the-art facilities with capacity for growth.January 2022: The Hain Celestial Group, Inc. announced that it has entered into an agreement to acquire That’s How We Roll, the producer and marketer of ParmCrisps® and Thinsters®, two fast-growing, better-for-you brands offering delicious, convenient products that are consumer favorites from Clearlake Capital Group.. Key drivers for this market are: Growing Demand for Free-From Foods Boosts Market Growth, Growing Intolerance Toward Gluten and the Prevalence of Celiac Disease. Potential restraints include: Price Fluctuations of Raw Material May Affect Growth. Notable trends are: OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT.

Forecast: Seafood Market Size Value Per Capita in the UK 2022 - 2026 Discover more data with ReportLinker!

The North American frozen and canned seafood market presents a compelling investment opportunity, driven by rising consumer demand for convenient and healthy protein sources. The market, encompassing diverse seafood types like fish, shrimp, and other varieties, is experiencing robust growth, fueled by increasing disposable incomes and a shift towards convenient meal options. Distribution channels, including supermarkets, hypermarkets, online retailers, and convenience stores (off-trade), contribute significantly to market expansion, with the on-trade sector (restaurants, etc.) also playing a vital role. While specific market size figures for 2019-2024 aren't provided, industry reports suggest a substantial market value in the billions of dollars, exhibiting a steady compound annual growth rate (CAGR). This growth is projected to continue into the forecast period (2025-2033), although at potentially a slightly moderated pace due to factors such as fluctuating seafood prices and potential supply chain disruptions. The continued popularity of seafood diets, coupled with innovative product offerings (e.g., ready-to-eat meals) and efficient supply chain management, will be key drivers of future growth. Leading companies like Thai Union Group PCL, High Liner Foods Inc., and Sysco Corporation are well-positioned to capitalize on these trends. However, challenges such as sustainability concerns regarding fishing practices and the potential impact of global events on seafood supply will need to be addressed for sustained, long-term market expansion. The North American market is segmented by seafood type (fish, shrimp, other) and distribution channel. The dominance of certain segments (e.g., fish and supermarket distribution) is expected to continue, though the online channel shows strong potential for future growth given the increasing preference for online grocery shopping. Regional variations exist within North America, with the United States likely holding the largest market share due to its substantial population and high seafood consumption rates. Canada and Mexico, while smaller markets, contribute significantly to overall regional sales. Future market growth will depend on factors such as government regulations on sustainable fishing practices, consumer preferences for specific seafood types, and innovative packaging solutions to enhance product freshness and shelf life. A key focus will likely be on sustainable sourcing and transparency within the supply chain to address increasing consumer concerns about environmentally responsible seafood consumption. Recent developments include: August 2022: The Marine Stewardship Council (MSC) awarded American Tuna, Inc. a 2022 MSC US Ocean Champion Award for their continued dedication to seafood sustainability and ocean health.August 2022: Bolton Group acquired Wild Planet Foods, the innovation leader and pioneer in the natural and sustainably caught canned seafood market in the United States. Going forward, Bolton Group and Wild Planet will work together on a path toward a best-in-class sustainable supply chain.May 2022: Trident Seafood Corporation has planned to build a "next-generation processing plant" in Alaska's Aleutian Islands to replace the facility in Akutan. The plant increased its capacity to produce surimi and recover larger volumes of secondary products, including pollock, roe, fishmeal, and fish oil.. Notable trends are: OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT.

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Romania Fish And Seafood Market Size 2025-2029

The Romania fish and seafood market size is forecast to increase by USD 222.2 million at a CAGR of 6.6% between 2024 and 2029. The market is experiencing significant growth, driven by the rising awareness and consumer preference for the health benefits associated with seafood consumption. This trend is fueled by increasing knowledge about the nutritional value of fish and seafood, leading to an expanding customer base.

Major Market Trends & Insights

Based on the Distribution Channel, the hypermarkets and supermarkets segment led the market and was valued at USD 279.90 million of the global revenue in 2022.
Based on the Product, the fresh and chilled segment accounted for the largest market revenue share in 2022.

Market Size & Forecast

Market Opportunities: USD 78.38 Million
Future Opportunities: USD 222.2 Million
CAGR (2024-2029): 6.6%

Innovation in frozen fish and seafood packaging has opened up new opportunities for market expansion, enabling wider access to these products and ensuring their freshness and quality. However, the market faces challenges, including the lack of adequate facilities for processing and preserving fish and seafood. This infrastructure gap poses a significant obstacle to market growth and necessitates strategic investments and collaborations to address this issue.

Companies seeking to capitalize on the market's potential must focus on enhancing their supply chain efficiency and product innovation while addressing the challenges associated with infrastructure development. By doing so, they will be well-positioned to capitalize on the growing demand for fish and seafood in Romania and contribute to the industry's continued growth.

What will be the size of the Romania Fish And Seafood Market during the forecast period?

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The Romanian fish and seafood market continues to evolve, with dynamic applications across various sectors. Fishery data management and stock assessment play crucial roles in ensuring sustainable fishery practices. Aquaculture economic models and production systems drive growth, with industry expectations projecting a 5% annual expansion. For instance, aquaculture pest management and fish health initiatives led to a 15% increase in tilapia production in 2021. Seafood handling procedures and sensory analysis are essential for maintaining quality and consumer satisfaction. Aquaculture technology adoption, including automation in fish processing and sustainable practices, enhances economic viability. Seafood retail strategies, labeling accuracy, and distribution networks contribute to market dynamics.
Aquaculture innovation, water quality management, and waste reduction are key areas of focus. Seafood fraud detection and authenticity testing ensure transparency and trust in the market. Overall, the Romanian fish and seafood market is characterized by continuous innovation and adaptation to meet evolving consumer demands and market trends.

How is this market segmented?

The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Distribution Channel

  Hypermarkets and supermarkets
  Convenience stores
  Food and drinks specialists
  Others


Product

  Fresh and chilled
  Ambient fish and seafood
  Frozen fish and seafood
  Others


Type

  Fish
  Crustaceans
  Mollusks
  Others


Geography

  Romania

By Distribution Channel Insights

The hypermarkets and supermarkets segment is estimated to witness significant growth during the forecast period. The segment was valued at USD 279.90 million in 2022. It continued to the largest segment at a CAGR of 5.47%.

The Romanian fish and seafood market is experiencing significant growth, driven by increasing consumer preferences for seafood and regulatory initiatives. Seafood consumption in Romania is on the rise, with hypermarkets and supermarkets accounting for the largest market share due to their convenience and wide product selection. The government's efforts to reduce the trade deficit and attract investment have boosted the retail sector, with factors such as rising wages, low interest rates, and improving labor conditions contributing to its growth. Seafood export regulations are stringent to ensure product quality and sustainability, with a focus on integrated multi-trophic aquaculture and disease prevention.

Fish stock management and bycatch reduction are essential practices to maintain the health of marine resources and promote sustainable fishing. Recirculating aquaculture systems and fish farming productivity are key areas of innovation, with a focus on aquacultu

Forecast: Seafood Market Size Value Per Capita in Austria 2022 - 2026 Discover more data with ReportLinker!

In 2022, the Polish frozen lobster market increased by 19% to $X, rising for the third consecutive year after two years of decline. Over the period under review, consumption, however, saw a mild decline. As a result, consumption reached the peak level of $X. From 2018 to 2022, the growth of the market remained at a somewhat lower figure.

Forecast: Seafood Market Size Value Per Capita in France 2022 - 2026 Discover more data with ReportLinker!