The global lobster market size reached around USD 9.88 Billion in 2025. The market is projected to grow at a CAGR of 7.50% between 2026 and 2035 to reach nearly USD 20.36 Billion by 2035. The market growth can be attributed to the growing consumer demand for premium dining experiences and the expansion of existing food service outlets serving lobsters. Moreover, the rising availability of canned and frozen lobsters is expected to enhance off-trade consumption of lobsters significantly, thereby driving the market growth.
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The lobster market size is set to increase steadily, driven by the sustained growth of 3% in demand for aquatic food products. Lobsters low-carb, protein-rich seafood option that can be served in appetising ways for maximising consumer satisfaction. They are rich in omega-3 fatty acids and play a significant role in enhancing immunity levels and bone health.
Poor food security infrastructure in low-and-middle-income countries like Mozambique has made them reliant on animal proteins like lobster and other seafood items. The lobster market analysis suggests that aquatic food accounts for 23% of the total animal protein consumption in lower-middle-income countries. This is expected to sustain large-scale production and consumption of lobster over the forecast period.
As per industry reports, 87.5 million tons of seafood was produced globally. Seafood has a low concentration of fats and calories and lobsters are a part of many traditional cuisines in different countries. Sustainably sourced seafood is more environment-friendly than land-based meat, which can drive the lobster market revenue in the coming years.
| Global Lobster Market Report Summary | Description | Value |
| Base Year | USD Billion | 2025 |
| Historical Period | USD Billion | 2019-2025 |
| Forecast Period | USD Billion | 2026-2035 |
| Market Size 2025 | USD Billion | 9.88 |
| Market Size 2035 | USD Billion | 20.36 |
| CAGR 2019-2025 | Percentage | XX% |
| CAGR 2026-2035 | Percentage | 7.50% |
| CAGR 2026-2035 - Market by Region | Asia Pacific | 8.4% |
| CAGR 2026-2035 - Market by Country | India | 9.6% |
| CAGR 2026-2035 - Market by Country | Canada | 8.2% |
| CAGR 2026-2035 - Market by Type | Frozen | 8.0% |
| CAGR 2026-2035 - Market by Distribution Channel | Food Service | 7.8% |
| Market Share by Country 2025 | Brazil | 3.1% |
By 2030, the consumption of aquatic animals is expected to rise by 15% and the market supply is expected to reach around 21.4 kilograms per individual. Evolving dietary trends which focus on holistic nutrition and animal welfare, changes in post-harvest practices, and rapid industrialisation and urbanisation are some drivers of the lobster market expansion. By 2030, the aquaculture industry is expected to reach a size of 106 million tons whereas seafood production (excluding algae) is likely to record 202 million tons.
By 2030, aquaculture is expected to accommodate 50-80 million tons of the demand for seafood products, thereby favourably influencing the lobster market dynamics. Based on industry estimates, the global per capita consumption of aquatic animals is around 20.2 kilograms. In 2020, around 89% of the world’s total production of aquatic animals was used for direct human consumption (over 157 million tons), and they accounted for over 50% of animal protein consumption by consumers in Asia and Africa. Around 70% of the world’s seafood production in 2020 was concentrated in Asia, followed by North America, Europe, and Africa. Based on market forecasts, the Asia Pacific is expected to witness a noticeable increase, driven by rapid population growth and increasing demand for protein-rich food items.
The rising catch of American lobster; the growing popularity of Caribbean lobster; increasing lobster production in Vietnam; and soaring demand for lobster in China are the major factors driving the lobster market growth.
Canada accounts for 50% of the catch of the American lobster, which accounts for 60% of the world’s lobster production. It is extensively found along the southern Gulf of Saint Lawrence and Nova Scotia, which support a thriving fishing and aquaculture industry. This is supporting the global lobster market expansion as the demand for fresh American lobsters continues to rise across the world.
As per the Western Rock Lobster Fishery of Australia, Caribbean spiny lobster constitutes a 40% lobster market share in terms of production since it is renowned for its sweet and tender meat. The Latin America and North America regions account for nearly 90% of the production of spiny lobsters, including countries like Cuba, Brazil, and the Bahamas.
As per the market analysis, the price and volume of live lobster imported by China from Vietnam increased significantly in 2022. This indicates increasing global acceptance of quality seafood produce in Vietnam, along with the adoption of sustainable harvesting and farming practices.
With the growth of China’s affluent urban population on the East Coast, the demand for lobster consumption is expected to increase steadily, as live, imported seafood is regarded as a luxury social symbol. The establishment of premium seafood restaurants and rising consumer disposable incomes are expected to favourably impact the market dynamics in the coming years.
Increasing volume of lobster trade between Vietnam-China
During January-September 2024, China’s imports of Vietnamese lobster rose to USD 205.87 million, thereby recording a 3,285% year-on-year growth. As per China’s General Administration of Customs, lobsters accounted for 37% of all shipments from Vietnam, which can be attributed to the rising appeal for high-end foods among people and a 23% year-on-year reduction in import prices. During September 2024, Vietnamese lobster imports by China recorded a monthly growth rate of 133.9%. This trend is also prominent among other Asia Pacific countries, thereby making Vietnam a key stakeholder in the lobster market share.
Rising popularity of Caribbean lobster
Caribbean spiny lobster, alternatively known as Panulirus argus, is the most commercially significant lobster species by volume, which is boosting the lobster market revenue. Other commercially important species include the Western Rock Lobster present along the Western Australian coast, and the Southern rock lobster found along New Zealand’s coast. Over the forecast period, the growing demand for protein-rich seafood is expected to play a critical role in driving the supply of Caribbean spiny lobster, thereby leading to market growth.
The EMR’s report titled “Global Lobster Market Report and Forecast 2026-2035” offers a detailed analysis of the market based on the following segments:
Breakup by Species
Breakup by Type
Breakup by Weight Type
Breakup by Product Type
Breakup by Distribution Channel
| CAGR 2026-2035 - Market by | Country |
| India | 9.6% |
| Canada | 8.2% |
| Brazil | 8.1% |
| Germany | 7.4% |
| Italy | 6.8% |
| USA | XX% |
| UK | XX% |
| France | XX% |
| China | XX% |
| Japan | XX% |
| Australia | 5.7% |
| Saudi Arabia | XX% |
| Mexico | XX% |
Based on region, the market is segmented into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. Over the forecast period of 2026-2035, the market for lobster in the Asia Pacific is expected to grow at a CAGR of 8.4% due to the evolving dietary preferences of consumers and rising export demand. The lobster market analysis suggests that India and Australia are expected to grow at a CAGR of 9.6% and 5.7% due to improvements in aquaculture technologies that have made lobster production more sustainable and efficient.
Based on type, the market is divided into fresh, canned, and frozen. The lobster market forecast suggests that frozen lobster demand is expected to grow at a CAGR of 8.0% during the forecast period of 2026-2035 due to its ease of storage and evolving consumer perceptions towards seafood consumption.
Major players are capitalising on the evolving dietary patterns of consumers to serve them sustainably-source seafood in a transparent manner. Moreover, they are expanding their existing distribution networks and introducing value-added lobster products to boost the lobster market revenue. By investing in advanced aquaculture technologies, companies can enhance their competitiveness and enhance their market share in the Asia Pacific region.
Boston Lobster Company was founded in 1986 and is headquartered in Massachusetts, United States. It is one of the world's premier live lobster distributors and is focusing on expanding consumer accessibility to hard-shell lobsters.
Clearwater Seafoods LP was founded in 1976 and is headquartered in Nova Scotia. It is amongst North America's biggest vertically-integrated seafood companies which specialises in producing and distributing lobsters, snow crabs, and scallops.
Ready Seafood was founded in 2004 and is headquartered in Maine, United States. It is one of the world’s leading exporters of frozen and live lobster, among other seafood products.
East Coast Seafood Company was founded in 1981 and is headquartered in Massachusetts, United States. It is a part of the East Coast Seafood Group and was recognised as one of the top 25 seafood suppliers in North America by Seafood Business.
*Please note that this is only a partial list; the complete list of key players is available in the full report. Additionally, the list of key players can be customized to better suit your needs.*
Other players included in the lobster market report are Mazzetta Company, LLC, Luke's Lobster, Westmorland Fisheries Ltd., Champlain Seafood, Cozy Harbor Seafood, Inc., and Shucks Maine Lobster, among others.
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*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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In 2025, the market reached an approximate value of USD 9.88 Billion.
The market is projected to grow at a CAGR of 7.50% between 2026 and 2035.
The market is estimated to witness healthy growth in the forecast period of 2026-2035 to reach a value of around USD 20.36 Billion by 2035.
The different regions considered in the market report include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The different lobster species available in the market are American lobster, spiny lobster, rock lobster, and European lobster.
The different types of products in the market are whole lobster, lobster tail, lobster meat, and lobster claw.
The different distribution channels for lobster are food service and retail.
Key players in the market are Boston Lobster Company, Clearwater Seafoods LP, East Coast Seafood Company, Mazzetta Company, LLC, Ready Seafood, Luke's Lobster, Westmorland Fisheries Ltd., Champlain Seafood, Cozy Harbor Seafood, Inc., and Shucks Maine Lobster, among others.
Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.
| REPORT FEATURES | DETAILS |
| Base Year | 2025 |
| Historical Period | 2019-2025 |
| Forecast Period | 2026-2035 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Species |
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| Breakup by Type |
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| Breakup by Weight |
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| Breakup by Product Type |
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| Breakup by Distribution Channel |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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