Philippines Lobster Market (2025-2031) Outlook | Revenue, Growth, Share, Companies, Analysis, Trends, Value, Industry, Forecast & Size

Philippines Lobster Market Synopsis

The Philippine lobster market is estimated to be worth around US$57 million. The total annual production of lobsters is estimated to be more than 1,000 tonnes, with the majority of it being exported from the Philippines. Domestic demand for lobsters in the country has been steadily increasing over the years due to rising incomes and higher disposable income among Filipinos, domestic consumption was estimated to account for nearly 60% of total annual demand.

Drivers of the market

The Philippines lobster market, related to the fishing and distribution of lobster products, is influenced by several key drivers. One major driver is the global demand for seafood, including premium products like lobsters. Lobsters are considered a delicacy and are highly sought after in international markets, contributing to their economic value. As consumers worldwide appreciate the unique taste and texture of lobster meat, the demand for high-quality lobster products from the Philippines is expected to rise. Additionally, the sustainable fishing practices and responsible seafood sourcing efforts of the Philippines contribute to the growth of the lobster market, aligning with consumer preferences for ethically harvested seafood.

Challenges of the market

The Philippines lobster market, involving the capture and trade of lobsters, might face challenges related to sustainable fisheries management and export regulations. Ensuring responsible fishing practices to prevent overexploitation of lobster populations is crucial for long-term industry sustainability. Adhering to international regulations for sustainable seafood trade and addressing potential market access barriers could pose challenges for the lobster industry in the Philippines.

Covid-19 Impact of the market

The Philippines lobster market experienced impacts due to the COVID-19 pandemic. Lobsters are sought-after seafood products. The restrictions on gatherings, reduced restaurant activities, and challenges in logistics influenced the demand for lobster-containing products. With limitations on dining out and reduced travel, the seafood industry faced challenges in distribution and consumption. However, as restrictions ease and consumer behaviors adapt, the lobster market is expected to recover. The market`s revival will be driven by the resumption of foodservice activities and the renewed interest in culinary experiences.

Key Players of the market

The Philippines lobster market, involving seafood trade and culinary offerings, could include significant players like The Lobster House Philippines. This company specializes in seafood products, including lobsters. Another key participant might be Isla Sugbu Seafood City, contributing to the market with its seafood offerings and lobster dishes, influencing the availability of lobsters for seafood enthusiasts and restaurants.

Key Highlights of the Report:

• Philippines Lobster Market Outlook
• Market Size of Philippines Lobster Market, 2024
• Forecast of Philippines Lobster Market, 2031
• Historical Data and Forecast of Philippines Lobster Revenues & Volume for the Period 2021-2031
• Philippines Lobster Market Trend Evolution
• Philippines Lobster Market Drivers and Challenges
• Philippines Lobster Price Trends
• Philippines Lobster Porter's Five Forces
• Philippines Lobster Industry Life Cycle
• Historical Data and Forecast of Philippines Lobster Market Revenues & Volume By Species for the Period 2021-2031
• Historical Data and Forecast of Philippines Lobster Market Revenues & Volume By American Lobster for the Period 2021-2031
• Historical Data and Forecast of Philippines Lobster Market Revenues & Volume By Spiny Lobster for the Period 2021-2031
• Historical Data and Forecast of Philippines Lobster Market Revenues & Volume By Rock Lobster for the Period 2021-2031
• Historical Data and Forecast of Philippines Lobster Market Revenues & Volume By European Lobster for the Period 2021-2031
• Historical Data and Forecast of Philippines Lobster Market Revenues & Volume By Weight for the Period 2021-2031
• Historical Data and Forecast of Philippines Lobster Market Revenues & Volume By 0.5 0.75 lbs for the Period 2021-2031
• Historical Data and Forecast of Philippines Lobster Market Revenues & Volume By 0.76 3.0 lbs for the Period 2021-2031
• Historical Data and Forecast of Philippines Lobster Market Revenues & Volume By Over 3 lbs for the Period 2021-2031
• Historical Data and Forecast of Philippines Lobster Market Revenues & Volume By Product Type for the Period 2021-2031
• Historical Data and Forecast of Philippines Lobster Market Revenues & Volume By Whole Lobster for the Period 2021-2031
• Historical Data and Forecast of Philippines Lobster Market Revenues & Volume By Lobster Tail for the Period 2021-2031
• Historical Data and Forecast of Philippines Lobster Market Revenues & Volume By Lobster Meat for the Period 2021-2031
• Historical Data and Forecast of Philippines Lobster Market Revenues & Volume By Lobster Claw for the Period 2021-2031
• Historical Data and Forecast of Philippines Lobster Market Revenues & Volume By Distribution Channel for the Period 2021-2031
• Historical Data and Forecast of Philippines Lobster Market Revenues & Volume By Food Service for the Period 2021-2031
• Historical Data and Forecast of Philippines Lobster Market Revenues & Volume By Retail for the Period 2021-2031
• Philippines Lobster Import Export Trade Statistics
• Market Opportunity Assessment By Species
• Market Opportunity Assessment By Weight
• Market Opportunity Assessment By Product Type
• Market Opportunity Assessment By Distribution Channel
• Philippines Lobster Top Companies Market Share
• Philippines Lobster Competitive Benchmarking By Technical and Operational Parameters
• Philippines Lobster Company Profiles
• Philippines Lobster Key Strategic Recommendations