Industry Analysis & Industry Trends
The industry will begin a modest revival as it aims to shake off the losses sustained from the BP oil spill and move toward recovery. Seafood demand will be heightened as consumers become more health conscious and consume more fish as a result. Moreover, the improved economic conditions will cause disposable income levels to improve, fueling industry revenue. However, fish and seafood wholesalers will face rising competition from other industries and contend with the growing practice of wholesale bypass... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
The Fish and Seafood Wholesaling industry is in a mature phase of its life cycle. Industry value added (IVA) is forecast to grow moderately during the 10 years to 2019, averaging an annualized 2.4% rate per year. In contrast, the US economy's GDP is forecast to grow an average of 2.7% per year during the same period. Growth on par with GDP is typically an indicator of a mature industry. Further, the number of enterprises operating in this industry is forecast to decline at an annualized rate of 0.5% during the period. Still, other indicators point to the industry's ongoing maturity.
The decline in enterprise numbers is forecast to come from industry consolidation, with some wholesalers merging their businesses or acquiring other companies... purchase to read more