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Fish & Seafood Aquaculture in the US: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Fish & Seafood Aquaculture Market Research Report | NAICS 11251 | Apr 2014

Plenty of fish: Low yields from wild fish stocks will benefit the industry

The Fish & Seafood Aquaculture market research report provides key industry analysis and industry statistics, measures market size, analyzes current and future industry trends and shows market share for the industry’s largest companies. IBISWorld publishes the largest collection of industry reports so you can see an industry’s supply chain, economic drivers and key buyers and markets.

Report Snapshot
Market Share of Companies
There are no companies with a dominant market share
Industry Statistics & Market Size
Revenue
$1bn
Annual Growth 09-14
2.1%
Annual Growth 14-19
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Profit
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Employment
18,316
Businesses
5,344
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 Analysis Chapter

The Fish and Seafood Aquaculture industry has experienced moderate 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 US has declined over the past five years, putting strain on industry operators. Nevertheless, increases in the price of seafood combined with a healthy export market have spurred industry revenue growth. Revenue for the industry is estimated to have grown at an annualized rate of 2.1% in the five years to 2014. Revenue is expected to continue to grow 0.9% in 2014, reaching $1.4 billion... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Fish & Seafood Aquaculture Industry?

Companies in this industry farm aquatic animals or plants in controlled aquatic environments. Industry operators use some form of intervention in the rearing process to enhance production, such as holding in captivity and protecting from predators, pests and disease. This industry does not including the fishing and harvesting of wild fish and shellfish, an activity which is including under the Fishing industry (11411).

Industry Products
CatfishOther food fishMollusksMiscellaneous aquacultureCrustaceansOrnamental fishBait fishSport fish
 
Industry Activities
Raising and harvesting finfish (e.g. catfish, trout, tilapia and minnows)Raising and harvesting shellfish (e.g. clams, oysters, crustaceans, mollusks and shrimp)Raising and harvesting ornamental fish (e.g. goldfish and tropical fish)Raising and harvesting aquacultural species to augment or replenish wild habitatsRaising and harvesting other aquaculture (e.g. seaweed, alligators, frogs and turtles)


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