China is one of the largest seafood-consuming countries in the world. Industry revenue has been increasing at an annualized rate of 3.3% over the five years to 2017. In 2017, mainly due to slowing domestic demand, revenue for the Frozen Seafood Processing industry is expected to total $63.5 billion, up 1.7% from 2016. In 2016, national Aquatic products prices rose 5.3% from 2015, driving revenue increase by 2.6%.China's frozen seafood export growth was steady from 2012 to 2017; in 2017, exports increased to $10.9 billion, up 5.1% from 2016, and accounting for 17.2% of industry revenue. Competing imports are set to total $5.9 billion in 2017 and account for 10.1% of domestic demand. Imports have been falling about 0.4% per year over the past five years...purchase to read more.

Industry Statistics & Market Size
Revenue
$63bn
Annual Growth 12-17
3.3%
Forecast Growth 17-22
Profit
Employment
598,369
Businesses
1,782

Industry Report - Industry Key Buyers Chapter

The Frozen Seafood Processing industry is subject to a low concentration level, with the four largest industry participants accounting for 1.0% of industry revenue in 2017. The industry comprises a large number of small- and medium-sized companies that have little direct control over the industry's performance.The market shares of the major players have decreased slightly over the past few years. Although the industry concentration level is not expected to increase significantly in the future, it may fluctuate from year to year due to different market approaches from the major players...purchase to read more.

Additional Insights for the Frozen Seafood Processing Industry

IBISWorld identifies 250 Key Success Factors for a business.The most important for the Frozen Seafood Processing Industry are

  • Marketing of differentiated products
  • Supply contracts in place for key inputs
  • Management of exchange rates for product sales: hedging
  • IBISWorld analysts also discuss how external factors such as Downstream Demand - Fish and Seafood Markets and Downstream Demand - Fish and Seafood Wholesaling in the Frozen Seafood Processing industry impact industry performance..

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    What's in this report

    What is the Frozen Seafood Processing Industry?

    The Frozen Seafood Processing industry in China comprises establishments engaged in the processing of fish, shrimp, shellfish and other seafood by freezing. The processing of frozen seafood for industrial purposes is not included in this industry.

    Industry Products
  • Frozen fish and filets
  • Frozen crustaceans
  • Frozen shellfish
  • Frozen cephalopods
  • Frozen seaweed
  • Other frozen seafood
  • Industry Activities
  • Frozen fish and fish filet processing
  • Frozen shrimp and shellfish processing
  • Other frozen seafood and seaweed processing
  • Eviscerating fresh fish by removing the head, fins, scales, bones and entrails
  • Shucking fresh shellfish and shrimp
  • Fish sorting by size
  • Seafood packaging
  • Seafood freezing
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Downstream Demand - Fish and Seafood Markets
  • Downstream Demand - Fish and Seafood Wholesaling
  • Domestic Goods Prices - Seafood - Prepared fresh or frozen fish and seafoods
  • Household Disposable Income
  • Nutrition - Seafood Consumption

  • Current Performance
    Imports and exportsProduct quality issuesEnterprises
  • Chart: Revenue Growth

  • Industry Outlook
    Enterprises and employmentInternational trade
  • Table: Frozen Seafood Processing Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Frozen Seafood Processing Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Supermarkets
  • Full-Service Restaurants
  • Fast-Food Restaurants

  • Key Selling Industries
  • Fish Farming

  • Products & Services
  • Frozen fish and filets
  • Frozen shellfish
  • Frozen crustaceans
  • Frozen seaweed
  • Other frozen seafood
  • Frozen cephalopods
  • Chart: Frozen Seafood Processing Industry Products and Services Segmentation

  • Demand Determinants
  • Per capita income growth
  • Lifestyle shifts
  • Development of downstream wholesale and retail industries
  • Foreign demand
  • Fast-food restaurant growth

  • Major Markets
  • Wholesalers
  • Exports
  • Retailers
  • Restaurants and hotels
  • Supermarkets
  • Chain stores
  • Chart: Major Market Segmentation for the Frozen Seafood Processing Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Purchases
  • Wages
  • Other costs
  • Chart: Cost Structure Benchmarking – Sector vs Frozen Seafood Processing

  • Basis of Competition
  • Price
  • Quality
  • Access to inputs
  • Access to foreign markets
  • Brand awareness
  • Technology
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Frozen Seafood Processing Industry

  • Industry Globalization
    Homey Group, Chishan Group, Xixiakou Group Co., Ltd., Zhangzidao Group Co. Ltd., Qingdao Jiayuan Group Co., Ltd.,
  • Table: Homey Group - financial performance
  • Table: Chishan Group - financial performance
  • Table: Xixiakou Group Co., Ltd. - financial performance
  • Table: Zhangzidao Group Co. Ltd. - financial performance
  • Table: Qingdao Jiayuan Group Co., Ltd. - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Frozen Seafood Processing Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Frozen Seafood Processing Industry
    Includes:
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Exports (2008-2022)
  • Imports (2008-2022)
  • Wages (2008-2022)
  • Total Assets (2008-2022)
  • Output of Seafood (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Aquaculture
  • The farming of freshwater and saltwater fish and other marine animals within a controlled environment. Also known as aquafarming.
  • Cephalopods
  • A type of seafood that includes cuttlefish, squid and sleeve-fish
  • Crustaceans
  • A type of seafood that includes lobsters, crabs, shrimp and crayfish
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Frozen Seafood Processing market research report is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Frozen Seafood Processing:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Frozen Seafood Processing market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Frozen Seafood Processing, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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