Overview

Resurfacing: As disposable income grows, consumers' appetites for seafood will stabilize

IBISWorld’s Fish & Seafood Markets 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.

REPORT SNAPSHOT

Market Share of Companies
There are no companies with a dominant market share in this industry
Industry Statistics & Market Size
Revenue
$3bn
Annual Growth
12-17
1.2%
Annual Growth
17-22
Profit
Employment
13,996
Business
4,689

Industry Threats & Opportunities

  • The industry benefits from favorable pricing and stabilizing consumption of seafood
  • Fish and seafood market owners were pressured to raise the prices to maintain profitability
  • Concerns regarding the safety of eating seafood will limit demand for industry goods

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    Industry Analysis & Industry Trends

    The Fish and Seafood Markets industry has experienced growth in recent years as a result of improving per capita disposable income. This, coupled with a renewed interest in locally sourced food and new health and nutrition trends that emphasize the importance of eating seafood, is expected to drive the growth of this industry. In the five years to 2022, the industry is anticipated to benefit from favorable pricing and stabilizing consumption of seafood. However, competitive pressures will grow as more Americans seek the convenience of one-stop shops. Nevertheless, health-conscious consumers seeking locally sourced foods will continue to shop at industry enterprises rather than competitive channels, benefiting the industry...

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    Industry Report - Industry Locations Chapter

    Fish and seafood markets are generally located near large population centers and along the coasts, where operators have easy access to fresh seafood. According to data collected by the US Census Bureau, this industry's establishments are concentrated in the Mid-Atlantic, Southeast and West. Furthermore, while less than 20.0% of the US population resides in the Mid-Atlantic, 35.4% of establishments are located in this region. Residents in this area have historically consumed a large volume of finfish and shellfish due to their proximity to the Atlantic Ocean, Chesapeake Bay and the Great Lakes, giving them access to a variety of fresh seafood. Con..

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    Additional Insights for the Fish & Seafood Markets Industry

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

  • Attractive product presentation
  • Experienced work force
  • Proximity to key markets
  • IBISWorld analysts also discuss how external factors such as Per capita seafood consumption and Price of seafood in the Fish & Seafood Markets industry impact industry performance..

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    Industry Products

    What is the Fish & Seafood Markets Industry?

    Fish and seafood markets primarily retail fresh, frozen and cured fish and seafood items, such as tuna, salmon, lobster and shrimp. Products are sold at various brick-and-mortar locations including independent markets, delicatessens, fishmongers and butcher shops. Fish and seafood markets and counters operating within a supermarket are excluded from this industry, as are online sales of fish products.

    Industry Products
    Fresh fish for human consumption
    Frozen fish for human consumption
    Fish meal and fish oil
    Canned fish
    Cured fish
    Animal food and other
    Industry Activities
    Operating fish markets
    Operating seafood markets

    Table of Contents

    About this Industry
    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry at a Glance
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Industry Performance
    Executive Summary
    Key External Drivers
  • Per capita seafood consumption
  • Price of seafood
  • Per capita disposable income
  • Demand from food services and drinking places
  • Per capita meat consumption

  • Current Performance
  • Overall demand rises
  • External competition grows
  • Chart: Revenue Growth

  • Industry Outlook
  • Health concerns drive demand
  • External competition to limit growth
  • Table: Fish & Seafood Markets Industry Revenue Outlook

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

  • Products & Markets
    Supply Chains
    Key Buying Industries
  • Chain Restaurants
  • Single Location Full-Service Restaurants
  • Consumers

  • Key Selling Industries
  • Fish & Seafood Aquaculture
  • Fish & Seafood Wholesaling
  • Fishing
  • Seafood Preparation

  • Products & Services
  • Fresh fish for human consumption
  • Frozen fish for human consumption
  • Fish meal and fish oil
  • Canned fish
  • Animal food and other
  • Cured fish
  • Chart: Fish & Seafood Markets Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Consumers
  • Restaurants
  • Wholesalers and other
  • Retailers
  • Chart: Major Market Segmentation for the Fish & Seafood Markets Industry

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

  • Basis of Competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Fish & Seafood Markets Industry

  • Industry Globalization
    Major Companies
    There are no major players in this industry
    Operating Conditions
    Capital Intensity
  • Chart: Level of Capital Intensity for the Fish & Seafood Markets Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

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

  • Regulation & Policy
    Industry Assistance
    Key Statistics
    Table: Industry Data for the Fish & Seafood Markets Industry
    Includes:
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)
  • Price of seafood (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Table: Industry Financial Ratios
    Jargon & Glossary
    Aquaculture
  • The method of harvesting fish under grower-controlled conditions.
  • Brick-And-Mortar
  • A designation for stores that have a physical presence, often compared to those that have an online presence.
  • E. Coli
  • A strain of bacteria that can be found in contaminated water or food that causes severe abdominal cramps, bloody diarrhea and vomiting.
  • Finfish
  • A broad classification referring to bony fish, often used to distinguish from shellfish and other invertebrate aquatic life.
  • Why buy this report?

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

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