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

South Korea Lobster Market Highlights

Topics Covered in the South Korea Lobster Market Report:

The South Korea Lobster Market report thoroughly covers the market by species, by weight, by product type, and by distribution channel. The market report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.

South Korea Lobster Market Synopsis:

The South Korea lobster market is experiencing steady growth, fueled by the country's growing seafood consumption and expanding restaurant sector. The growth is driven by consumer preference for high-quality seafood, coupled with the rise of gourmet dining experiences. However, the market faces challenges such as fluctuating lobster prices, environmental concerns, and intense competition. Looking ahead, the market is expected to evolve with a focus on sustainable sourcing, improved quality control, and the integration of e-commerce technologies.

According to 6Wresearch, South Korea Lobster Market size is expected to grow at a significant CAGR of 8.4% during 2025-2031. The market is driven by factors such as increasing consumer demand for premium seafood, rising disposable incomes, and innovative marketing strategies in the restaurant sector. The South Korea government's regulations on seafood trading also support the lobster market, boosting their demand.  However, despite the positive growth trends, the South Korea Lobster Market may face challenges such as unpredictable global lobster prices and stringent fishing regulations. Furthermore, the potential impact of climate change on the lobster population may limit the growth of the market.

South Korea Lobster Industry: Leading Players

In the South Korea lobster industry, leading players include major seafood importers and distributors such as Dongwon Industries and Sajo Group, which are renowned for their extensive supply chains and robust logistics capabilities. These companies import high-quality lobsters from key suppliers in the United States, Canada, and Australia, ensuring a steady supply to the market. Additionally, prominent supermarket chains like Lotte Mart and E-Mart, along with high-end restaurant groups, play a significant role in retailing lobsters to consumers. Their widespread distribution networks and marketing strategies help drive the popularity and accessibility of lobsters across South Korea.

Lobster Market in South Korea: Government Regulations

The lobster market in South Korea is regulated by several government agencies to ensure food safety, quality control, and fair trade practices. The Ministry of Food and Drug Safety (MFDS) oversees the inspection and certification of imported seafood to ensure compliance with health standards. The Korea Customs Service (KCS) manages the import procedures, tariffs, and necessary documentation for lobster shipments. Additionally, the Ministry of Oceans and Fisheries (MOF) implements policies related to sustainable fishing practices and international trade agreements that impact the lobster market. These regulations collectively aim to maintain the quality, safety, and sustainability of lobsters available in the South Korea market.

Future Insights of the South Korea Lobster Market:

The future of the South Korea lobster market looks promising, with continued growth anticipated due to increasing consumer preference for high quality seafood and the expanding restaurant sector. The market is expected to witness advancement in terms of sustainable sourcing, improved storage and distribution techniques, and increased online sales. Government investments in sustainable fishing practices and supportive policies will further boost market growth, positioning South Korea as a significant player in the global lobster industry.

Market Segmentation by Species:

According to Ravi Bhandari, Research Head, 6Wresearch, American lobsters lead the market in terms of species. The growth is driven by consumer liking for efficient quality seafood as well as rising disposable incomes of consumers.

Market Segmentation by Weight:

In terms of weight, lobsters weighing 0.76 – 3.0 lbs. are projected to witness significant growth.

Market Segmentation By Product Type:

The lobster tail segment is projected to show the highest growth rate in the forecast period due to its increasing popularity in gourmet dining and high-end restaurants.

Market Segmentation By Distribution Channel:

The food service segment is projected to grow at a faster rate due to the rising demand for premium seafood options in high-end restaurants and hotels.

Key Attractiveness of the Report:

• 10 Years of Market Numbers.
• Historical Data Starting from 2021 to 2024.
• Base Year: 2024
• Forecast Data until 2031.
• Key Performance Indicators Impacting the Market.
• Major Upcoming Developments and Projects.

Key Highlights of the Report:

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

Markets Covered:

The report offers a comprehensive study of the subsequent market segments:

By Species:

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

By Weight:

• 0.5 – 0.75 Lbs
• 0.76 – 3.0 Lbs
• Over 3 Lbs

By Product Type:

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

By Distribution Channel:

• Food Service
• Retail