The price of this popular crustacean in Maine fluctuates based on several factors, including season, market demand, catch size, and whether one is purchasing live, cooked, or processed meat. Typically, prices are highest during the summer months, coinciding with peak tourist season, and lowest during the winter months when demand decreases. Differing preparations also impact cost, with whole live lobsters generally being less expensive per pound than picked meat or value-added products like lobster rolls.
Understanding Maine lobster pricing is crucial for both consumers and the state’s economy. Maine’s lobster industry is a significant economic driver, supporting numerous coastal communities and contributing substantially to the state’s overall revenue. Fair market pricing ensures the industry’s sustainability while allowing consumers to make informed purchasing decisions. Historically, the price of lobster has seen significant shifts, reflecting changing consumer preferences, fishing regulations, and global market influences.