Lobster is a type of marine crustaceans with long bodies and claws. Widely considered as a delicacy in many parts of the world, it is usually prepared by boiling or steaming. It is a rich source of protein, zinc, phosphorus, vitamin B12, magnesium and vitamin E. It also contains a high concentration of omega-3 and omega-6 fatty acids. Its consumption offers numerous health benefits including the building of new cells, repairing of damaged tissues and strengthening of bones along with reducing the risk of obesity and cardiovascular diseases.
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Global Lobster Market Trends:
Rising awareness about the health benefits of lobsters and increasing health-conscious consumers are the major factors driving the market growth. Owing to the easy availability of canned, frozen and vacuum-packed variants, the demand for lobsters is continually witnessing an increase across the globe. Lobsters are also available in whole pieces or chopped to be used in the preparation of cocktails, soups, stews, sandwiches and salads. The convenience offered by these products coupled with the increasing working population worldwide is influencing the growth of the market. In addition to this, manufacturers are launching value-added and premium grade products to cater to the diversified tastes and preferences of the consumers, particularly those residing in the urban areas. Moreover, the thriving hospitality industry has led to the increasing demand for lobsters from hotels and restaurants for the preparation of various exotic delicacies including lobster paellas and Thai lobster soup.
Note: As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
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Table of Contents
1 Preface2 Scope and Methodology2.1 Objectives of the Study2.2 Stakeholders2.3 Data Sources2.3.1 Primary Sources2.3.2 Secondary Sources2.4 Market Estimation2.4.1 Bottom-Up Approach2.4.2 Top-Down Approach2.5 Forecasting Methodology3 Executive Summary4 Introduction4.1 Overview4.2 Key Industry Trends5 Global Lobster Market5.1 Market Overview5.2 Market Performance5.2.1 Volume Trends5.2.2 Value Trends5.3 Market Breakup by Species5.4 Market Breakup by Weight5.5 Market Breakup by Product Type5.6 Market Breakup by Distribution Channel5.7 Market Breakup by Region5.8 Market Forecast5.9 SWOT Analysis5.9.1 Overview5.9.2 Strengths5.9.3 Weaknesses5.9.4 Opportunities5.9.5 Threats5.10 Value Chain Analysis5.10.1 Fishers/Growers5.10.2 Intermediates5.10.3 Processors5.10.4 Wholesalers5.10.5 Importers5.10.6 Institutional Buyers5.10.7 Retail Buyers5.10.8 Consumers5.11 Porter’s Five Forces Analysis5.11.1 Overview5.11.2 Bargaining Power of Buyers5.11.3 Bargaining Power of Suppliers5.11.4 Degree of Competition5.11.5 Threat of New Entrants5.11.6 Threat of Substitutes5.12 Price Analysis5.12.1 Key Price Indicators5.12.2 Price Trends5.12.3 Margin Analysis6 Market Performance by Species6.1 American Lobster6.1.1 Market Trends6.1.2 Market Forecast6.2 Spiny Lobster6.2.1 Market Trends6.2.2 Market Forecast6.3 Rock Lobster6.3.1 Market Trends6.3.2 Market Forecast6.4 European Lobster6.4.1 Market Trends6.4.2 Market Forecast7 Market Performance by Weight7.1 0.5 – 0.75 lbs7.1.1 Market Trends7.1.2 Market Forecast7.2 0.76 – 3.0 lbs7.2.1 Market Trends7.2.2 Market Forecast7.3 Over 3 lbs7.3.1 Market Trends7.3.2 Market Forecast8 Market Performance by Product Type8.1 Whole Lobster8.1.1 Market Trends8.1.2 Market Forecast8.2 Lobster Tail8.2.1 Market Trends8.2.2 Market Forecast8.3 Lobster Meat8.3.1 Market Trends8.3.2 Market Forecast8.4 Lobster Claw8.4.1 Market Trends8.4.2 Market Forecast9 Market Performance by Distribution Channel9.1 Food Service9.1.1 Market Trends9.1.2 Market Forecast9.2 Retail9.2.1 Market Trends9.2.2 Market Forecast10 Market Performance by Region10.1 North America10.1.1 Market Trends10.1.2 Market Forecast10.2 Europe10.2.1 Market Trends10.2.2 Market Forecast10.3 Asia10.3.1 Market Trends10.3.2 Market Forecast10.4 Oceania10.4.1 Market Trends10.4.2 Market Forecast10.5 Others10.5.1 Market Trends10.5.2 Market Forecast11 Requirements for Setting up a Lobster Processing Plant11.1 Product Overview11.2 Detailed Process Flow11.3 Various Types of Unit Operations Involved11.4 Mass Balance and Raw Material Requirements11.5 Land and Construction Requirements11.6 Machinery Requirements11.7 Manpower Requirements11.8 Utility Requirements11.9 Transportation Requirements11.10 Packaging Requirements11.11 Total Capital Investments11.12 Product Pricing and Marketing12 Competitive Landscape12.1 Market Structure12.2 Key Players12.3 Profiles of Key Players
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