Asia Pacific Lobster Market Size Worth reach 61,390 Tons by 2032 | CAGR: 4.28%: IMARC Group
IMARC Group, a leading market research company, has recently released a report titled “Asia Pacific Lobster Market Report by Species (American Lobster, Spiny Lobster, Rock Lobster, European Lobster), Weight (0.5 – 0.75 lbs, 0.76 – 3.0 lbs, Over 3 lbs), Product Type (Whole Lobster, Lobster Tail, Lobster Meat, Lobster Claw), Distribution Channel (Food Service, Retail), and Country 2024-2032.” The study provides a detailed analysis of the industry, including the Asia Pacific Dry Eye Syndrome Market Size, Share, Growth, Opportunity, and Industry Trends. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
How Big is the Asia Pacific Lobster Market?
The Asia Pacific lobster market size reached 41,630 Tons in 2023. Looking forward, IMARC Group expects the market to reach 61,390 Tons by 2032, exhibiting a growth rate (CAGR) of 4.28% during 2024-2032.
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Asia Pacific Lobster Market
The increasing need for seafood in the region, particularly from countries like China, Japan, and South Korea is primarily driving the Asia-Pacific lobster market. Additionally, the growing demand for middle-class populations, along with rising disposable incomes, has enabled the population to consume premium seafood, like lobsters, which is fueling the market. Besides this, the escalating requirement for the food industry, such as hotels, restaurants, cafes, etc., has further stimulated the need for lobsters. The market is also supported by significant investments in aquaculture and seafood processing technologies, enabling countries in the Asia Pacific region to improve their production capabilities and meet the growing domestic and international demand for lobsters.
Emerging trends in the Asia Pacific lobster market include the increasing adoption of sustainable and responsible fishing practices, responding to global concerns about overfishing, and the environmental impact of seafood harvesting. In addition to this, consumers are becoming more conscious of the origins of their food, favoring products that are sustainably sourced and responsibly managed, which is positively impacting the market. Furthermore, the market is inclining towards e-commerce platforms for seafood purchases, offering convenience and access to a wider variety of lobster products, which is acting as another growth-inducing factor. This digital transition is being accelerated by the COVID-19 pandemic, which has prompted consumers to seek online shopping options, which is expected to drive the Asia-Pacific lobster market in the coming years.
Asia Pacific Lobster Market Segmentation:
Breakup by Species:
• American Lobster
• Spiny Lobster
• Rock Lobster
• European Lobster
Breakup by Weight:
• 0.5 – 0.75 lbs
• 0.76 – 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
Breakup by Country:
• China
• Japan
• India
• South Korea
• Australia
• Indonesia
• Others
Buy Report: Asia Pacific Lobster Market Share, Size, Growth 2024-32
Key Highlights of the Report:
• Market Performance (2018-2023)
• Market Outlook (2023-2032)
• Market Trends
• Market Drivers and Success Factors
• Impact of COVID-19
• Value Chain Analysis
• Comprehensive mapping of the competitive
If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.
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