Japan Lobster Market Size, Share, and COVID-19 Impact Analysis, By Species (Spiny Lobster, Rock Lobster, European Lobster, American Lobster), By Product Type (Whole Lobster, Lobster Tail, Lobster Meat, Lobster Claw), and Japan Lobster Market Insights Forecasts to 2033

Industry: Food & Beverages

RELEASE DATE Jan 2024
REPORT ID SI3366
PAGES 200
REPORT FORMAT PathSoft

Japan Lobster Market Insights Forecasts to 2033

  • The Japan Lobster Market Size was valued at 7,242 Tons in 2023.
  • The Market Size is Growing at a CAGR of 6.3% from 2023 to 2033.
  • The Japan Lobster Market Size is Expected to Reach 13,347 Tons by 2033.

 

Japan Lobster Market

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The Japan Lobster Market Size is Expected to Reach 13,347 Tons by 2033, at a CAGR of 6.3% during the forecast period 2023 to 2033.

 

Market Overview

The lobster is an invertebrate with a segmented, rigid exoskeleton and modified claws. It is a member of the Arthropoda phylum and contains a wide range of essential nutrients. Copper, zinc, selenium, phosphorous, magnesium, vitamins E and B12, and omega-3 fatty acids are among them. Lobsters have less fat than chicken and are considered a rich and decadent food. As a result, their consumption has increased among health-conscious Japanese consumers. Japan holds a significant share in the lobster market. The market is primarily driven by the numerous health and nutritional benefits that lobsters provide. Lobsters are commonly consumed to repair damaged tissues, strengthen bones, and increase energy due to their high protein content. They also serve as an antioxidant and aid in thyroid function. Aside from that, frozen lobster is exported from Canada to Japan due to its easy availability and Japan's insufficient domestic production. Furthermore, market participants are adding several value-added products to their product lines, which are gaining popularity in Japan, thereby expanding the country's existing consumer base.

 

Report Coverage

This research report categorizes the market for Japan lobster market based on various segments and regions and forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the Japan lobster market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segments of the Japan lobster market.

 

Japan Lobster Market Report Coverage

Report CoverageDetails
Base Year:2023
Market Size in 2023:7,242 Tons
Forecast Period:2023 - 2033
Forecast Period 2023 - 2033 CAGR:6.3%
2033 Value Projection:13,347 Tons
Historical Data for:2019 - 2022
No. of Pages:200
Tables, Charts & Figures:110
Segments covered:By Species, By Product Type and COVID-19 Impact Analysis.
Companies Covered: Clearwater Seafoods Incorporated, Maruha Nichiro Corporation, Nippon Suisan Kaisha, Ltd., Kyokuyo Co., Ltd., Nissui Pharmaceutical Co., Ltd., Hokkaido Seafood Co., Ltd., Seafood Legacy Co., Ltd., Sakaiya Co., Ltd., Lobster Me, Hokkaido’s Delight, and Others
Pitfalls & Challenges:COVID-19 Empact, Challenge, Future, Growth, & Analysis

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Driving Factors

The Japan lobster market has witnessed a notable driver such as the innovation in culinary offerings that blend traditional flavors with modern techniques. The incorporation of lobster into traditional Japanese dishes creates a fusion of international and local flavors, such as lobster sashimi, lobster sushi rolls, and grilled lobster with Japanese seasonings. Additionally, avant-garde cooking methods, such as molecular gastronomy used to create unique lobster textures and presentations by chefs with unexpected flavor pairings, infusing lobster with locally sourced ingredients, and presenting visually stunning dishes that appeal not only to the palate but also to the aesthetics of Japanese culinary traditions.

 

Restraining Factors

The Japanese lobster market faces a number of impediments to its growth and sustainability. To begin, consider the environmental impact of lobster fishing and aquaculture practices. Overfishing and destructive fishing methods can deplete lobster populations while also harming marine ecosystems. This raises concerns about the industry's long-term viability and prompts a call for more sustainable and responsible fishing practices.

 

Market Segment

  • In 2023, the spiny lobster segment accounted for the largest revenue share over the forecast period.

Based on the species, the Japan lobster market is segmented into spiny lobster, rock lobster, European lobster, American lobster. Among these, the spiny lobster segment has the largest revenue share over the forecast period. The market is dominated by spiny lobster due to its exceptional quality, unique flavors, and sustainable harvesting practices. The country's rich marine ecosystem, combined with strict regulations, yields consistently high-quality lobsters.

 

  • In 2022, the whole lobster segment accounted for the largest revenue share over the forecast period.

Based on the product type, the Japan lobster market is segmented into whole lobster, lobster tail, lobster meat and lobster claw. Among these, the whole lobster segment has the largest revenue share over the forecast period. Whole lobster is popular due to its flavor and juicy texture. Furthermore, the premium lobster varieties fostered by the pristine waters surrounding Japan, and stringent quality control measures ensure top-notch freshness drives the market growth.

 

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the Japan lobster market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

 

List of Key Companies

  • Clearwater Seafoods Incorporated
  • Maruha Nichiro Corporation
  • Nippon Suisan Kaisha, Ltd.
  • Kyokuyo Co., Ltd.
  • Nissui Pharmaceutical Co., Ltd.
  • Hokkaido Seafood Co., Ltd.
  • Seafood Legacy Co., Ltd.
  • Sakaiya Co., Ltd.
  • Lobster Me
  • Hokkaido’s Delight
  • Others

 

Key Target Audience

  • Market Players
  • Investors
  • End-users
  • Government Authorities 
  • Consulting and Research Firm
  • Venture capitalists
  • Value-Added Resellers (VARs)

 

Recent Development

In October 2023, The Vietnam Pho Festival 2023, the first of its kind, kicked off in Yoyogi Park, Tokyo on October 7, as part of celebrations for the 50th anniversary of Vietnam-Japan diplomatic ties.

 

Market Segment

This study forecasts country revenue from 2022 to 2033. Spherical Insights has segmented the Japan lobster market based on the below-mentioned segments:

 

Japan Lobster Market, By Species

  • Spiny Lobster
  • Rock Lobster
  • European Lobster
  • American Lobster

 

Japan Lobster Market, By Type

  • Whole Lobster
  • Lobster Tail
  • Lobster Meat
  • Lobster Claw

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