Indonesia Lobster Market (2024-2030) Outlook | Share, Value, Industry, Growth, Revenue, Companies, Trends, Analysis, Size & Forecast

Indonesia Lobster MarketSynopsis

Indonesia is the world?s fifth-largest producer of lobsters and has one of the most vibrant lobster markets in Asia. Indonesia is well known for its diverse marine resources, which include spiny rock lobster (Papuanus spp.), slipper lobster (Scyllarides herklotsii), banana prawn (Fenneropenaeus merguiensis) and mud crab (Scylla serrata). Lobster exports from Indonesia have been steadily increasing over the last 10 years due to increased demand from countries such as United States, Japan, China and European Union.

Market Trends

The trend in Indonesia lobster market has been mainly driven by an increase in domestic consumption coupled with export growth. The growing popularity of seafood dishes including steamed or grilled lobsters as well as sushi restaurants offering raw lobster meat are among some of the main factors driving this trend. In addition, there is a rising interest among foreign tourists to try out exotic seafood dishes that feature Indonesia ingredients like lobsters while travelling around Indonesia. Furthermore, strong promotional campaigns by local suppliers to raise awareness about their products have also helped fuel this increase in demand for lobsters in Indonesia.

Market Drivers

Some of the key drivers behind the growth of Indonesia Lobster Market include: increasing disposable incomes leading to higher spending power; rising tourism industry; product innovation & availability; government initiatives such as special subsidies on aquatic resource development projects; improved fishing technology resulting into better catch rates & reduced operational costs; improving access to frozen storage facilities etc.

COVID-19 Impact on the Market

The COVID-19 pandemic has had a significant impact on Indonesia lobster market. The seafood sector, including lobsters, was severely affected as the government imposed social distancing and strict travel restrictions to control the spread of the virus. This has caused disruption in supply chains and reduced demand for seafood products due to decreased tourism and consumption from closed restaurants.

Challenges of the Market

Some of the challenges facing Indonesia lobster industry include closing or delaying fishing operations due to local regulations, limited access to markets because of transportation restrictions, difficulty in finding buyers with low demand for seafood products, increased competition from imported frozen lobster meat and stiffer competition among local fishermen who can no longer charge higher prices due to reduced demand.

Industry Key Players

Key players in Indonesia lobster market are primarily small-scale fisheries which account for more than 90% of total production; large scale aquaculture farms produce only around 10%. However, some larger companies have been able to expand their operations by investing heavily in infrastructure such as cold storage facilities and processing plants. These companies are also taking advantage of technological developments such as digital marketing platforms that enable them to reach wider customer bases online while mitigating risks associated with traditional methods like trade fairs or physical shops. Companies like PT Blue Lobster Jaya Abadi (BLJ) have become major exporters throughout Southeast Asia thanks to their highly active presence on these types of ecommerce platforms.

Key Highlights of the Report:

• Indonesia Lobster Market Outlook
• Market Size of Indonesia Lobster Market, 2020
• Forecast of Indonesia Lobster Market, 2027
• Historical Data and Forecast of Indonesia Lobster Revenues & Volume for the Period 2023 - 2027
• Indonesia Lobster Market Trend Evolution
• Indonesia Lobster Market Drivers and Challenges
• Indonesia Lobster Price Trends
• Indonesia Lobster Porter's Five Forces
• Indonesia Lobster Industry Life Cycle
• Historical Data and Forecast of Indonesia Lobster Market Revenues & Volume By Species for the Period 2023 - 2027
• Historical Data and Forecast of Indonesia Lobster Market Revenues & Volume By American Lobster for the Period 2023 - 2027
• Historical Data and Forecast of Indonesia Lobster Market Revenues & Volume By Spiny Lobster for the Period 2023 - 2027
• Historical Data and Forecast of Indonesia Lobster Market Revenues & Volume By Rock Lobster for the Period 2023 - 2027
• Historical Data and Forecast of Indonesia Lobster Market Revenues & Volume By European Lobster for the Period 2023 - 2027
• Historical Data and Forecast of Indonesia Lobster Market Revenues & Volume By Weight for the Period 2023 - 2027
• Historical Data and Forecast of Indonesia Lobster Market Revenues & Volume By 0.5 âÂ?Â? 0.75 lbs for the Period 2023 - 2027
• Historical Data and Forecast of Indonesia Lobster Market Revenues & Volume By 0.76 âÂ?Â? 3.0 lbs for the Period 2023 - 2027
• Historical Data and Forecast of Indonesia Lobster Market Revenues & Volume By Over 3 lbs for the Period 2023 - 2027
• Historical Data and Forecast of Indonesia Lobster Market Revenues & Volume By Product Type for the Period 2023 - 2027
• Historical Data and Forecast of Indonesia Lobster Market Revenues & Volume By Whole Lobster for the Period 2023 - 2027
• Historical Data and Forecast of Indonesia Lobster Market Revenues & Volume By Lobster Tail for the Period 2023 - 2027
• Historical Data and Forecast of Indonesia Lobster Market Revenues & Volume By Lobster Meat for the Period 2023 - 2027
• Historical Data and Forecast of Indonesia Lobster Market Revenues & Volume By Lobster Claw for the Period 2023 - 2027
• Historical Data and Forecast of Indonesia Lobster Market Revenues & Volume By Distribution Channel for the Period 2023 - 2027
• Historical Data and Forecast of Indonesia Lobster Market Revenues & Volume By Food Service for the Period 2023 - 2027
• Historical Data and Forecast of Indonesia Lobster Market Revenues & Volume By Retail for the Period 2023 - 2027
• Indonesia 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
• Indonesia Lobster Top Companies Market Share
• Indonesia Lobster Competitive Benchmarking By Technical and Operational Parameters
• Indonesia Lobster Company Profiles
• Indonesia Lobster Key Strategic Recommendations