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Seafood Preparation in Newfoundland

Author.Name IBISWorld Canada Last Updated: August 2025 NAICS NL31171CA

Seafood Preparation in Newfoundland industry analysis

Revenue for the Seafood Preparation industry in Newfoundland And Labrador is expected to decline an annualized -x.x% to $x.x billion over the five years to 2025, while revenue for the national industry will likely grow at x.x% during the same period. The number of industry establishments has decreased an annualized -x.x% to xx locations over the past five years. Industry employment has decreased an annualized -x% to x,xxx workers during the period, while industry wages have increased an annualized x.x% to $x.x million.

Over the five years to 2030, provincial industry revenue is expected to decline an annualized -x.x% to $x.x billion, while revenue for the national industry will likely grow x.x%. The number of industry establishments is forecast to decline -x.x% to xx locations over the next five years. Industry employment is expected to increase an annualized x.x% to x,xxx workers during the outlook period, while industry wages likely decrease -x% to $x.x million.

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About the Seafood Preparation in Newfoundland Market Research Report

What’s Included in the Seafood Preparation in Newfoundland Market Research Report

Definition of the Seafood Preparation in Newfoundland?

The industry is involved in canning, smoking, salting, drying, freezing and packing fish and shellfish. Industry operators also eviscerate fish (remove parts from fish), shuck shellfish (remove their shells) and process fish and shellfish fats and oils. This industry also includes floating factory ships, also known as fish processing vessels, which are engaged in shipboard seafood processing. The term seafood processing is used to describe these activities as a whole.

What’s included in the Seafood Preparation in Newfoundland?

The Seafood Preparation in Newfoundland includes seafood and marine products, canned and preserved fish and preparing other seafood products. Related terms covered in the Seafood Preparation in Newfoundland industry report includes the farming of aquatic organisms such as fish, crustaceans, mollusks and aquatic plants, a polyunsaturated fatty acid that is essential for good health and influences various metabolic pathways, resulting in lowered cholesterol and triglyceride levels, a fisheries term for shellbearing mollusks and crustaceans and a fishing vessel equipped with seafood preparation capabilities so seafood can be processed and stored at sea at peak freshness.

Industry Performance of the Seafood Preparation industry in Newfoundland

Benchmark the Seafood Preparation in Newfoundland industry performance with all NL Census Metropolitan Area and national performance.

Seafood Preparation in Newfoundland

#3 in Highest Revenue 16.6% of province's GDP
Revenue (2025)
Annual Growth (2020-25)
Annual Growth (2025-30)

Seafood Preparation in Canada


Revenue (2025)
Annual Growth (2020-25)
Annual Growth (2025-30)

For the full list of industry drivers, see report purchase options.

Key Drivers of the Seafood Preparation industry in Newfoundland

See how key industry drivers, such as median houshold income, private investment in non-residential construction, gross domestic product, canadian effective exchange rate index, per capita disposable income and demand from supermarkets and grocery stores are impacting Seafood Preparation in Newfoundland

Newfoundland Economic Indicators

Median Houshold Income
Private Investment in Non-Residential Construction
Gross Domestic Product

View more economic information in NL State Economic profile

Canada Key External Drivers

Canadian effective exchange rate index
Per capita disposable income
Demand from supermarkets and grocery stores

For the full list of industry drivers, see report purchase options.

Census Metropolitan Area Data of the Seafood Preparation industry in Newfoundland

Access proprietary data on Census Metropolitan Area in the Seafood Preparation in Newfoundland, such as St. John's, Bay Roberts and Corner Brook. Data includes figures on revenue, establishments, employees and wages by Census Metropolitan Areas.

Key Statistics of the Seafood Preparation industry in Newfoundland

Download 18 years of historical data and 5 years of projected performance.

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Top Questions Answered in this Report

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What is the market size of the Seafood Preparation industry in Newfoundland in 2025?

The market size of the Seafood Preparation industry in Newfoundland is $1.3bn in 2025.

How many businesses are there in the Seafood Preparation industry in Newfoundland in 2025?

There are 84 businesses in the Seafood Preparation industry in Newfoundland, which has been declining at an average annual rate of -3.2% from 2020 to 2025.

Has the Seafood Preparation industry in Newfoundland grown or declined over the past 5 years?

The market size of the Seafood Preparation industry in Newfoundland has been declining at an average annual rate of -0.8% from 2020 to 2025.

How many employees in the Seafood Preparation industry in Newfoundland in 2025?

There are 5,238 employees in the Seafood Preparation industry in Newfoundland, which has been declining at an average annual rate of -2.0% from 2020 to 2025.