Industry Analysis & Industry Trends
After a period of severe downturns as a result of the recent oil spill and declining demand, industry revenue will marginally improve over the next five years. As the economy begins to recover, consumers will choose to eat out more and make healthier food choices, driving industry demand. However, the industry will continue to be threatened by imports and competition from wild fisheries and other sources of lean protein... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
IBISWorld estimates the Fish and Seafood Aquaculture industry is in a mature phase of its life cycle. Industry value-added is forecast to grow at an average rate of 2.2% per year during the 10 years to 2018 falling in line with an estimated annual average 2.1% GDP growth during the same period. The industry's products enjoy whole-hearted market acceptance and generally move in line with population growth. Further, some opportunities exist in emerging markets and niche products.
Fish and seafood, although more popular in Asian nations, form a common staple of American diets. Downstream food processors market a variety of fresh and frozen options that are readily available in grocery stores and stand-alone fish markets around the country... purchase to read more