The global é«ęø ä½č²ē“ę:lobster market size reached US$ 7.6 Billion in 2023. As per the analysis by IMARC Group, the top players in the lobster market are launching value-added and premium grade products to cater to the divš§ersified tastes and changing preferences of consumers, especially the urban population. They are also offering frozen, canned, and vacuum-packed lobsters that offer enhanced convenience, easy storage, and extended shelf life to increase product sales. Apart from new product launches, manufacturers are also focusing on advancing diš„stribution strategies to expand their consumer base and gain a competitive edge in the market. In addition, they are engaging in mergers, acquisitions, and collaborations as key development strategies to improve their overall profitability. Furthermore, the rising investments in research and development (R&D) activities to introduce new ways to enhance the quality and export value of lobsters is offering lucrative opportunities to the market players. Looking forward, the market to reach US$ 16.0 Billion by 2032, exhibiting a growth rate (CAGR) of 8.3% during 2024-2032.
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Establishment: 1986
Headquarter: Boston, Massachusetts
Website: www.bostonlobstercompany.com
Establishment: 1976
Headquarter: Halifax, Nova Scotia
Website: www.clearwater.ca/en/
Clearwater Seafoods LP is one of the largest vertically integrated seafood companies in North America. It operates from 'ocean to plate,' owning various fishing quotas, vessels, plants, and processing facilities. It is globally recognized for its superior quality, food safety, and diversity of premium wild-caught seafood such as scallops, lobster, clams, coldwater shrimp, and crabs. As a leading harvester, processor, and marketer of sustainably sourced seafood, Clearwater Seafoods LP supplies its products to wholesalers, retailers, and foodservice distributors worldwide. In 2015, the company acquired the Scotland-based Macduff Shellfish Group, bringing together two of the world's leading and fastest-growing vertically integrated wild shellfish harvesters. Macduff's product portfolio closely complements Clearwater's offerings with King and Queen scallops, langoustine, brown and velvet crab, and whelk.
Establishment: 1981
Headquarter: New Bedford, Massachusetts
Website: //www.eastcoastseafoodgršoup.com/
Establishment: 1950
Headquarter: Geraldton, Western Australia
Website: //brolos.com.au/
Establishment: 1899
Headquarter: Nova Scotia, Canada
Website: //www.highlinerfoods.com/
High Liner Foods Incorporated is a leading North American processor and marketer of frozen value-added seafood. It offers a wide array of products, ranging from breaded and battered items to seafood entrees. The company's retail branded products are sold throughout the United States and Canada under the High Liner, Fisher Boy, Mirabel, and Sea Cuisine labels. It sells branded products under the High Liner, Icelandic Seafood, Mirabel, and FPI labels to restaurants and institutions. Moreover, it is a major supplier of private-label, value-added frozen seafood products to North American food retaišlers and foodservice distributors.
Establishment: 1960
Headquarter: Chapela (Redondela), Pontevedra
Website: //www.pescanova.es/
Pescanova Espana SL is a leading Spanish multinational in the seafood sector and one of the few companies in the world present throughout the value chain, from origin to sale. It specializes in fishing, farming, processing, and marketing seafood. With a team of 10,000 people in 19 countries in Europe, Africa, America, and Asia, the company offers more than 80 fish and shellfish species under the Pescanova brand. Moreover, the coš ·mpany owns anād operates 60 ships, 7,500 hectares of aquaculture farms (the equivalent of 15,000 football fields), and 17 factories.
Establishment: 1973
Headquarter: Villa Park, Illinois, United States
Website: //www.supremelobster.com/
Establishment: 2010
Headquarter: Tangier, Nova Scotia
Website: //www.tangierlobster.com/
Establishment: 1977
Headquarter: Bangkok, Thailand
Website: //www.thaiunion.com/
Thai Union Manufacturing Company Ltd. is a subsidiary of Thai Union Group PCL, a global seafood leader with a diversified portfolio of brands, including convenient consumer favorites that have brought nutritious and tasty seafood to tables worldwide for over a century. Thai Union was originally established as Thai Union Manufacturing Co. Ltd., a processor and exporter of canned tuna. The company is committed to sustainability and innovation. To accelerate its innovation progress, the company launched the Global Innovation Incubatorā in 2015 – a world-class research and development (R&D) facility and the first of its kind inš¦ Thailand.
About IMARC Group: IMARC Group is a leading market research and consulting company that offers management strategy and market research worldwide. The company has done multiple projects on the global lobster market and regional Japan, The Asia Pacific, which has enabled clients to set up and expand their businesses successfully. Some of the company's offerings include: