Lobster Market Size to Nearly Double by 2030, Driven by Asia-Pacific Demand and Food Service Growth

The global lobster market size was $5.7 billion in 2022 and is projected to reach $10.3 billion by 2030, growing at a CAGR of 5.1%.
The market growth is driven by increasing seafood consumption in Asia Pacific and product innovations like frozen and canned lobsters.
Whole lobster accounted for about 65% of total revenue in 2022 and is expected to see the highest CAGR.
American lobster dominated the market in 2022 and is likely to continue leading over the forecast period.
The food service sector held a major share of the global market in 2022 and is expected to drive future growth due to high demand in restaurants.

yahoo.com

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