United States Lobster Market Development, Trends, Demand and Forecast Till 2026
According to IMARC Group’s latest report, titled “United States Lobster Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025” The United States lobster market reached a strong growth in 2020. Lobsters are marine creatures belonging to the crustacean family, with long cylindrical bodies and joint legs. Their hard, greenish, or brownish, chitinous exoskeletons turn red upon cooking. Lobsters are a rich source of numerous essential nutrients, such as copper, zinc, phosphorous, omega-3 fatty acids, magnesium, vitamins E and B12, etc. As a result, lobsters help in preventing thyroid dysfunction, reducing inflammation, boosting metabolism, improving cognition ability, etc.
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The increasing consumer inclination towards a protein-rich diet, including seafood variants, is currently driving the demand for lobsters in the United States. Furthermore, the rising availability of canned, frozen, and processed product variants at accessible prices across retail stores is acting as another key growth-inducing factor. Apart from this, the increasing penetration of cross-continental food trends and growing adoption of lobsters for preparing exotic cuisines are also bolstering the product demand. Additionally, the expanding hospitality sector is further catalyzing the consumption of lobsters across restaurants and hotels in the United States, which will further continue to drive the market growth in the coming years. Looking forward, IMARC Group expects the market to continue its moderate growth during the forecast period (2020-2025).
As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviors of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
Market Segmentation:
Breakup by Species:
- American Lobster
- Spiny Lobster
- Rock Lobster
- European Lobster
- 5 – 0.75 lbs
- 76 – 3.0 lbs
- Over 3 lbs
- Whole Lobster
- Lobster Tail
- Lobster Meat
- Lobster Claw
- Food Service
- Retail
- Northeast
- Midwest
- South
- West
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Key highlights of the report:
- Market Performance (2014-2019)
- Market Outlook (2020-2025)
- Market Trends
- Market Drivers and Success Factors
- The Impact of COVID-19 on the Global Market
- Value Chain Analysis
- Structure of the Global Market
- Comprehensive mapping of the competitive landscape
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