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Seafood Preparation in the US: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Seafood Preparation Market Research Report | NAICS 31171 | Aug 2016

Small ponds: Demand will grow, but low fish populations will continue to strain seafood processors

IBISWorld’s Seafood Preparation market research report provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report identifies the leading companies and offers strategic industry analysis of the key factors influencing the market.

Report Snapshot
Industry Statistics & Market Size
Annual Growth 11-16
Annual Growth 16-21
Annual Growth
Industry Threats & Opportunities
  • Rising incomes and healthy-eating trends will drive demand over the following five years
  • Nonemployers make up a large and growing share of the industry
  • Growing disposable income will allow industry operators to raise prices, bolstering profit
  • ... purchase to read more

Industry Analysis & Industry Trends

In the mature stage of its life cycle, the industry has grown at a modest pace, with the influx of cheap imports in particular eating away at profits. Dwindling supplies of fish is a major concern, especially with the recent oil spill in the Gulf Coast. Moving forward, the ability of processors to capture new sales in the health segment is likely to have a significant influence on industry growth... ... purchase to read more

Industry Report - Industry Analysis Chapter

The Seafood Preparation industry primarily processes fresh, frozen and canned fish and other seafood. Over the past five years, the industry has experienced constrained growth. Hindered by several negative conditions, such as trade contraction, the industry has still managed to record revenue growth due to growing disposable income, rising seafood prices and heightened domestic landing values. Therefore, over the five years to 2016, industry revenue is forecast to increase an annualized 2.1% to $13.1 billion; this includes expected growth of 0.3% in 2016.

Supply conditions and consumer preferences

To understand the greater Seafood Preparation industry, an understanding of the input supply situation is necessary. A l.. ... purchase to read more

Additional Insights for the Seafood Preparation Industry

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

  • Marketing of differentiated products
  • Control of distribution arrangements
  • Supply contracts in place for key inputs
  • IBISWorld analysts also discuss how external factors such as Demand from fish and seafood wholesaling and Per capita seafood consumption in the Seafood Preparation industry impact industry performance... purchase to read more


    Industry ProductsRelated Reports

    What is the Seafood Preparation Industry?

    This industry is involved in canning, smoking, salting, drying, freezing and packing fish and shellfish. 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, that are engaged in shipboard seafood processing. The term seafood processing is used to describe these activities as a whole.

    Industry Products
    Prepared frozen fish Prepared fresh fish and other fresh seafoodPrepared frozen shellfishOther prepared fresh and frozen seafood Canned fish and seafood
    Industry Activities
    Canning fish, crustaceans and mollusks Manufacturing fresh and frozen seafood dinnersFreezing fish (e.g. blocks, fillets, ready-to-serve products) Processing seaweedManufacturing marine fats, oils and mealShucking and packing fresh shellfish Canning fish and shellfish soup

    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
  • Demand from fish and seafood wholesaling
  • Per capita seafood consumption
  • Price of seafood
  • Per capita disposable income
  • Trade-weighted index
  • Current Performance
  • Supply conditions and consumer preferences
  • Trade
  • Industry structure
  • Chart: Revenue Growth
  • Industry Outlook
  • Demand growth
  • Fish and seafood supply
  • Profit expansion
  • Table: Seafood Preparation Industry Revenue Outlook
  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Seafood Preparation Industry Lifecycle vs The Economy
  • Products & Markets
    Supply Chains
  • Key Buying Industries
  • Animal Food Production
  • 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 fresh fish and other fresh seafood
  • Prepared frozen shellfish
  • Other prepared fresh and frozen seafood
  • Canned fish and seafood
  • Chart: Seafood Preparation Industry Products and Services Segmentation
  • Demand Determinants
  • Price of seafood
  • Income
  • Health consciousness
  • Major Markets
  • Fish & Seafood Wholesaling industry
  • Food service industry
  • Other distributors
  • Fish and seafood markets
  • Export markets
  • Chart: Major Market Segmentation for the Seafood Preparation Industry
  • International Trade
    Business Locations
  • Chart: Business Locations by State
  • Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Purchases
  • Wages
  • Rent, Utilities, Depreciation, Marketing and other costs
  • Chart: Cost Structure Benchmarking – Sector vs Seafood Preparation
  • Basis of Competition
  • Internal competition
  • External competition
  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Seafood Preparation Industry
  • Industry Globalization
    Major Companies
    Thai Union Group
    Nippon Suisan Kaisha Ltd.
    Trident Seafoods Corporation
    Dongwon Enterprise Co. Ltd.
  • Table: Thai Union Group - financial performance
  • Table: Nippon Suisan Kaisha Ltd. - financial performance
  • Table: Trident Seafoods Corporation - financial performance
  • Table: Dongwon Enterprise Co. Ltd. - financial performance
  • Operating Conditions
    Capital Intensity
  • Chart: Level of Capital Intensity for the Seafood Preparation 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 Seafood Preparation Industry
  • Includes:
  • Industry Revenue (2007-2021)
  • Industry Gross Product (2007-2021)
  • Establishments (2007-2021)
  • Businesses (2007-2021)
  • Employment (2007-2021)
  • Exports (2007-2021)
  • Imports (2007-2021)
  • Wages (2007-2021)
  • Per capita seafood consumption (2007-2021)
  • Table: Annual Percentage Change for Key Industry Data
  • Table: Key Ratios for Industry Key Data
  • Table: Industry Financial Ratios
  • Jargon & Glossary
  • The farming of aquatic organisms such as fish, crustaceans, mollusks and aquatic plants.
  • Fishery
  • An entity engaged in raising and harvesting fish, either via fishing or aquaculture.
  • Omega-3 Fatty Acid
  • A polyunsaturated fatty acid that is essential for good health and influences various metabolic pathways, resulting in lowered cholesterol and triglyceride levels.
  • 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 Seafood Preparation:
    • 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 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 Seafood Preparation 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 Seafood Preparation, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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