Industry Analysis & Industry Trends
The Fish and Seafood Aquaculture industry has experienced slow growth over the past five years. Given that the vast majority of industry revenue is derived from sales of fish, mollusks and crustaceans that will be processed into food products, this industry's success is tied to levels of seafood consumption. Per capita seafood consumption in the United States has declined over the past five years, putting strain on industry operators. However, increases in the price of seafood, combined with a healthy export market, have helped industry revenue growth. The industry is expected to continue to grow marginally over the five years to 2021... purchase to read more
Industry Report - Industry Key Buyers Chapter
The Fish and Seafood Aquaculture industry has a low level of concentration. The vast majority of industry operators are small individual fish or shellfish farms. While there are a number of large companies involved in the broader US seafood sector (which includes the Fishing and Fish and Seafood industries), most of them do not farm fish.
The majority of aquaculture in the United States is currently conducted in freshwater, partially due to restrictions over the building and operation of aquaculture farms in the ocean. However, legislation concerning the possibility of the government issuing aquaculture licenses between three and 200 nautical miles offshore has been in discussion in Congress since 2007... purchase to read more