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 Investment Chapter
The Fish & Seafood Aquaculture industry has a low level of capital intensity. IBISWorld estimates that for every $1.00 spent on wages, industry operators spend $0.12 in capital investment. The industry is primarily labor intensive, with workers required to regularly feed the fish and shellfish being farmed as well as monitor the fish and their environment to ensure that breeding cycles are in order, water temperatures are suitable and that no damage has been done to the enclosures in which the farmed fish are being raised.
More advanced aquaculture enterprises use a relatively higher amount of capital in their operations. These operators invest in advanced tanks, cages and pumps that are better able to regulate optimal conditions in which to raise fish and shellfish... purchase to read more