Overview

Sea change: Rising demand from time-strapped customers will help buoy the industry

IBISWorld’s Industry Market Report on Prepared Frozen Fish Production is a comprehensive guide to market size and growth prospects. Ensure due diligence in your research with our strategic analysis of the factors influencing companies, including new product developments; economic, lifestyle and demographic influences; distribution and supply chain factors; and pricing issues.

REPORT SNAPSHOT

Industry Threats & Opportunities

  • Opportunities to innovate new healthful varieties of existing products has encouraged a rise in the number of industry operators
  • Operators invested in new technologies to streamline operations and cut costs
  • Industry performance will be driven by renewed demand for seafood as well as growth in disposable incomes
  • Industry Analysis & Industry Trends

    The Prepared Frozen Fish Production industry expanded marginally over the past five years. Since seafood is more expensive than red meat and poultry, when disposable income rises, consumers are able to comfortably trade up to more seafood. However, as the price of key inputs, namely fish and seafood, fluctuated over the current period, revenue fluctuated accordingly. Furthermore, marginal increases in per capita seafood consumption subdued industry growth. Although frozen foods are typically perceived as being less healthy than fresh foods, young professionals that are strapped for time are increasingly purchasing frozen foods for their convenience.

    Industry Report - Industry Analysis Chapter

    The Prepared Frozen Fish Production industry experienced modest growth over the past five years. Operators in this industry freeze prepared fish-based products such as fillets, whole dinners, soups and surimi. While fish is touted for health benefits, frozen foods in general are perceived to be less healthy than their fresh counterparts. In order to combat this, industry operators are reformulating products to include less preservatives and use organic ingredients. These premium varieties are costlier to produce; however, operators pass these costs on to consumers and raise revenue. Nonetheless, price hikes were subdued as the price of seafood was volatile and ultimately decreased during the period. As

    Additional Insights for the Prepared Frozen Fish Production Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Prepared Frozen Fish Production Industry are

  • Marketing of differentiated products
  • Effective quality control
  • Supply contracts in place for key inputs
  • IBISWorld analysts also discuss how external factors such as Price of seafood and Per capita disposable income in the Prepared Frozen Fish Production industry impact industry performance..

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    Industry Products

    What is the Prepared Frozen Fish Production Industry?

    This industry processes fish and seafood into prepared products that are then frozen, including whole dinners, fillets, surimi, soups and chowders. Fresh-prepared seafood items are excluded.

    Industry Products
    Prepared frozen fish
    Prepared frozen shellfish
    Other prepared frozen seafood
    Industry Activities
    Freezing fish (e.g. blocks, fillets, ready-to-serve products)
    Freezing shellfish
    Freezing surimi and other prepared fish dishes

    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
  • Price of seafood
  • Per capita disposable income
  • Per capita seafood consumption
  • Trade-weighted index

  • Current Performance
  • Quick meals
  • Industry structure
  • Profit and trade
  • Chart: Revenue Growth

  • Industry Outlook
  • Steady demand
  • Import competition
  • Table: Prepared Frozen Fish Production Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Prepared Frozen Fish Production Industry Lifecycle vs The Economy

  • Products & Markets
    Supply Chains
    Key Buying Industries
  • Grocery Wholesaling
  • Fish & Seafood Wholesaling
  • Supermarkets & Grocery Stores
  • Chain Restaurants
  • Single Location Full-Service Restaurants
  • Caterers

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

  • Products & Services
  • Prepared frozen fish
  • Prepared frozen shellfish
  • Other prepared frozen seafood
  • Chart: Prepared Frozen Fish Production Industry Products and Services Segmentation

  • Demand Determinants
  • Price and consumption
  • Convenience
  • Income
  • Health trends

  • Major Markets
  • Grocery Wholesalers
  • Retailers
  • Food Service Establishments
  • Other
  • Exports
  • Chart: Major Market Segmentation for the Prepared Frozen Fish Production Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitPurchasesWagesOther
  • Chart: Cost Structure Benchmarking – Sector vs Prepared Frozen Fish Production

  • Basis of Competition
    Internal competitionExternal competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Prepared Frozen Fish Production Industry

  • Industry Globalization
    Major Companies
    High Liner FoodsTrident Seafoods CorporationNippon Suisan Kaisha Ltd.
  • Table: High Liner Foods - financial performance
  • Table: Trident Seafoods Corporation - financial performance
  • Table: Nippon Suisan Kaisha Ltd. - financial performance

  • Operating Conditions
    Capital Intensity
  • Chart: Level of Capital Intensity for the Prepared Frozen Fish Production 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 Prepared Frozen Fish Production 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)
  • Per capita seafood consumption (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Jargon & Glossary
    Aquaculture
  • The farming of aquatic organisms such as fish, crustaceans, mollusks and aquatic plants.
  • Economies Of Scale
  • The increase in efficiency of production as the number of goods being produced increases.
  • Fishery
  • An entity engaged in raising and harvesting fish, either via fishing or aquaculture.
  • Shellfish
  • A fisheries term for shellbearing mollusks and crustaceans.
  • 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 Prepared Frozen Fish Production:
    • 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 Prepared Frozen Fish Production 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 Prepared Frozen Fish Production, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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