Industry Analysis & Industry Trends
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 Report - Industry SWOT Analysis Chapter
The Fish and Seafood Aquaculture industry is currently in the mature stage of its life cycle. The majority of industry operators are small fish and shellfish farmers that use breeding, raising and harvesting techniques that have not fundamentally changed for decades. Fish and seafood, although more popular in Asian nations, form a common staple of American diets. Downstream food processors market a variety of fresh and frozen options that are readily available in grocery stores and stand-alone fish markets across the country. Recent health concerns about the fat content of red meats has prompted a migration toward alternative protein sources such as fish and seafood, but high prices relative to other substitutes such as chicken and eggs have limited domestic growth.
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