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Seafood Preparation in Nunavut

Author.Name IBISWorld Canada Last Updated: August 2025 NAICS NU31171CA

Seafood Preparation in Nunavut industry analysis

Revenue for the Seafood Preparation industry in Nunavut is expected to grow an annualized x.x% to $x.x million 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 x locations over the past five years. Industry employment has increased an annualized x% to 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 million, while revenue for the national industry will likely grow x.x%. The number of industry establishments is forecast to stagnate x% to x locations over the next five years. Industry employment is expected to increase an annualized x.x% to xxx workers during the outlook period, while industry wages likely increase % to $x.x million.

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About the Seafood Preparation in Nunavut Market Research Report

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

Definition of the Seafood Preparation in Nunavut?

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 Nunavut?

The Seafood Preparation in Nunavut includes seafood and marine products, canned and preserved fish and preparing other seafood products. Related terms covered in the Seafood Preparation in Nunavut 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 Nunavut

Benchmark the Seafood Preparation in Nunavut industry performance with all NU Census Metropolitan Area and national performance.

Seafood Preparation in Nunavut

#10 in Highest Revenue 0.7% 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 Nunavut

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

Nunavut Economic Indicators

Gross Domestic Product
Per Capita Disposable Income
Private Investment in Non-Residential Construction

View more economic information in NU 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 Nunavut

Key Statistics of the Seafood Preparation industry in Nunavut

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 Nunavut in 2025?

The market size of the Seafood Preparation industry in Nunavut is $58.0m in 2025.

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

There are 4 businesses in the Seafood Preparation industry in Nunavut, which has been declining at an average annual rate of -7.8% from 2020 to 2025.

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

The market size of the Seafood Preparation industry in Nunavut has been growing at an average annual rate of 14.2% from 2020 to 2025.

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

There are 246 employees in the Seafood Preparation industry in Nunavut, which has been growing at an average annual rate of 6.0% from 2020 to 2025.