Plenty of fish: Low yields from wild fish stocks will benefit the industry

The Fish and Seafood Aquaculture industry has experienced slow growth over the past five years. Given that the vast majority of industry revenue is derived from sales of fish, mollusks and crustaceans that will be processed into food products, this industry's success is tied to levels of seafood consumption. Per capita seafood consumption in the United States has declined over the past five years, putting strain on industry operators. However, increases in the price of seafood, combined with a healthy export market, have helped industry revenue growth. The industry is expected to continue to grow marginally over the five years to 2021...purchase to read more.

Industry Statistics & Market Size
Annual Growth 12-17
Forecast Growth 17-22
Market Share of Companies
There are no companies with a dominant market share in this industry

Industry Threats & Opportunities

  • Growth in disposable income is expected to stifle the decline in per capita domestic seafood consumption
  • China’s lax food safety regulations raised concerns over the safety of Chinese aquaculture products
  • Imports will continue to challenge the viability of many US aquaculture farms
  • Industry Report - Starting a New Business Chapter

    The Fish and Seafood Aquaculture industry has low barriers to entry. Establishing a small catfish farm in the Southeast requires little capital investment. A plot of water or pond must be secured and fenced in and then filled with catfish. Small scale fish farm operations simply require the routine feeding and observation of fish as well as occasional maintenance in the event of damage to the fish enclosure. Oyster, clam and some other mollusk aquaculture farms do not require feeding as these organisms survive by simply eating algae and other materials naturally found in water.Import competitionWhen capital costs are coupled with the constrained growth prospects associated with import competitiveness, lenders are likely to regard the activity as a high risk. As ...purchase to read more.

    Additional Insights for the Fish & Seafood Aquaculture Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Fish & Seafood Aquaculture Industry are

  • Access to the necessary amount of land/type of property
  • Access to the latest available and most efficient technology and techniques
  • Establishment of export markets
  • IBISWorld analysts also discuss how external factors such as Demand from seafood preparation and Demand from fish and seafood wholesaling in the Fish & Seafood Aquaculture industry impact industry performance..

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    What's in this report

    What is the Fish & Seafood Aquaculture Industry?

    Companies in this industry farm aquatic animals or plants in controlled aquatic environments. Industry operators use some form of intervention in the rearing process to enhance production, such as holding in captivity and protecting from predators, pests and disease. This industry does not include the fishing and harvesting of wild fish and shellfish, an activity which is included under the Fishing industry (11411).

    Industry Products
  • Catfish
  • Other food fish
  • Mollusks
  • Miscellaneous aquaculture
  • Crustaceans
  • Ornamental fish
  • Bait fish
  • Sport fish
  • Industry Activities
  • Raising and harvesting finfish (e.g. catfish, trout, tilapia and minnows)
  • Raising and harvesting shellfish (e.g. clams, oysters, crustaceans, mollusks and shrimp)
  • Raising and harvesting ornamental fish (e.g. goldfish and tropical fish)
  • Raising and harvesting aquacultural species to augment or replenish wild habitats
  • Raising and harvesting other aquaculture (e.g. seaweed, alligators, frogs and turtles)
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Demand from seafood preparation
  • Demand from fish and seafood wholesaling
  • Per capita seafood consumption
  • Price of seafood
  • Price of feed
  • Trade-weighted index

  • Current Performance
  • Imports
  • Chinese aquaculture
  • Exports
  • Domestic seafood consumption
  • Chart: Revenue Growth

  • Industry Outlook
  • International trade
  • Domestic demand
  • Profit
  • Uncharted waters
  • Table: Fish & Seafood Aquaculture Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Fish & Seafood Aquaculture Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Animal Food Production
  • Seafood Preparation
  • Fish & Seafood Wholesaling
  • Supermarkets & Grocery Stores
  • Fish & Seafood Markets

  • Key Selling Industries
  • Animal Food Production
  • Computer & Packaged Software Wholesaling
  • Electronic & Computer Repair Services
  • Electronic Part & Equipment Wholesaling
  • Farm, Lawn & Garden Equipment Wholesaling
  • Machinery Maintenance & Heavy Equipment Repair Services
  • Pump & Compressor Manufacturing

  • Products & Services
  • Catfish
  • Other food fish
  • Mollusks
  • Miscellaneous aquaculture
  • Crustaceans
  • Ornamental fish
  • Bait fish
  • Sport fish
  • Chart: Fish & Seafood Aquaculture Industry Products and Services Segmentation

  • Demand Determinants
  • Price of seafood
  • Income
  • Health concerns

  • Major Markets
  • Fish and seafood processors
  • Wholesale distributors
  • Retailers
  • Exports
  • Other
  • Direct to consumer
  • Recreational stocking
  • Government
  • Chart: Major Market Segmentation for the Fish & Seafood Aquaculture Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitPurchasesWagesOther costs
  • Chart: Cost Structure Benchmarking – Sector vs Fish & Seafood Aquaculture

  • Basis of Competition
    Internal competitionExternal competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Fish & Seafood Aquaculture Industry

  • Industry Globalization
    There are no major players in this industry. This report includes analysis of other companies.
    Capital Intensity
  • Chart: Level of Capital Intensity for the Fish & Seafood Aquaculture 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 Fish & Seafood Aquaculture Industry
  • 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)
  • Per capita seafood consumption (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Table: Industry Financial Ratios
  • The controlled breeding, rearing and harvesting of fish and seafood in either freshwater or saltwater.
  • Crustaceans
  • A large grouping of aquatic arthropods that includes lobsters, prawns, shrimp, crayfish and crabs.
  • Mollusks
  • A large grouping of aquatic invertebrates that includes squid, octopuses, mussels, clams and oysters.
  • Shellfish
  • A fisheries term for shellbearing mollusks and crustaceans. Does not include nonshellbearing mollusks such as squids.
  • What Our Customers Say

    Why buy this report?

    The Fish & Seafood Aquaculture industry market report contains strategic analysis of the key drivers influencing the industry. Save hours of time on research and prospecting using IBISWorld’s standardized, up-to-date reports on thousands of industries. Our industry research provides growth and profit forecasts for a five-year outlook period, presented in a clear and user-friendly format.

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    This report on Fish & Seafood Aquaculture:
    • 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 Fish & Seafood Aquaculture 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 Fish & Seafood Aquaculture, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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