Mablethorpe & Sutton Town Council - which runs the Thursday market - confirmed the decision in a statement this morning (Tuesday).
The town council added that beach hut hire would be suspended until the middle of May, at which point a review will take place.
Meanwhile, East Lindsey District Council said that their markets would continue to operate, keeping in line with the Government’s guidelines.
An ELDC spokesman said: “This includes only allowing stalls with goods considered as essential to stand.”
East Lindsey District Council currently organised markets in Louth, Horncastle, and Spilsby every week.