IMARC Group has published a market research report titled "GCC 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 GCC lobster market size is projected to exhibit a growth rate (CAGR) of 3.5% during 2024-2032.
A lobster is a shellfish belonging to the family of Nephropidae or Homaridae. It is a rich source of high-quality protein, which is essential for building and repairing tissues in the body. It assists in improving immune health, metabolism, and nerve function, as it consists of vitamin B12, zinc, selenium, and copper. It can help lower the risk of heart disease by reducing inflammation and improving cholesterol levels. It is low in calories compared to other protein sources, making it a good option for those looking to manage their weight. It is used in preparing numerous dishes, such as lobster bisque, lobster rolls, lobster salad, grilled lobster, lobster thermidor, and lobster macaroni and cheese. As it is a primary ingredient in salads, paired with fresh greens, avocado, citrus fruits, and a light dressing for a refreshing meal, the demand for lobster is rising across the GCC region.
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GCC Lobster Market Trends and Drivers:
At present, there is an increase in the demand for premium and luxury seafood products in the GCC region. This, coupled with the thriving retail and food service sectors, represents one of the key factors propelling the growth of the market. Additionally, the rising demand for ethnic and fusion cuisines is catalyzing the demand for lobster as it can be incorporated into various dishes, such as Asian and Mediterranean, along with the increasing trend of culinary experimentation and innovations, is strengthening the market growth in the region. In line with this, the rising aquaculture in the GCC region for controlling better quality and consistency of seafood while reducing environmental impact is contributing to the growth of the market. Moreover, technological advancements in fishing techniques, storage, transportation, and processing are improving the efficiency and freshness of lobster, which is bolstering the growth of the market in the region. Furthermore, the growing demand for chitin, extracted from lobster shells and byproducts for creating fertilizer or even converting waste into energy through processes like anaerobic digestion, is positively influencing the market in the GCC region.
Report Segmentation:
The report has segmented the market into the following categories:
Species Insights:
- American Lobster
- Spiny Lobster
- Rock Lobster
- European Lobster
Weight Insights:
- 0.5 – 0.75 lbs.
- 0.76 – 3.0 lbs.
- Over 3 lbs.
Product Type Insights:
- Whole Lobster
- Lobster Tail
- Lobster Meat
- Lobster Claw
Distribution Channel Insights:
- Food Service
- Retail
Country Insights:
- Saudi Arabia
- UAE
- Qatar
- Bahrain
- Kuwait
- Oman
Note: If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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