Industry Analysis & Industry Trends
During the past few years, falling household wealth has had a significant negative effect on the Fish and Seafood Markets industry. As families and individuals tightened their budgets, the volume of fish and seafood sold dropped significantly in 2008 and 2009 in favor of less expensive protein sources such as chicken, pork and beef. The negative effects of the recession has affected the quality of purchases as well. Purchases of higher-quality seafood have declined strongly as Americans substituted quality fresh fish with more frozen, canned or other lower-quality varieties. Industry profitability has also taken a plunge, as lower sales of value-added products squeezed industry margins... purchase to read more
Industry Report - Industry Products Chapter
Products in the Fish and Seafood Markets industry can be divided into three segments: fresh and frozen, canned, and cured. Consumption habits and the product segmentation for tuna and rockfish are estimated to remain steady over the current period. The product segmentations for salmon, squid and mollusks show a rise from 2006 to the end of 2009. Meanwhile, flatfish, menhaden, crabs, shrimp, crustaceans and clams are expected to experience a decline in their share of industry consumption. These trends relate to overall fish and seafood consumption, which has fallen during the five years to 2012.
Fresh and frozen products
Fresh and frozen products are estimated to account for the largest share of industry revenue... purchase to read more