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Fish & Seafood Aquaculture in the US: Market Research Report

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

Fish & Seafood Aquaculture Market Research Report | NAICS 11251 | Jan 2017

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

The Fish & Seafood Aquaculture market research report provides key industry analysis and industry statistics, measures market size, analyzes current and future industry trends and shows market share for the industry’s largest companies. IBISWorld publishes the largest collection of industry reports so you can see an industry’s supply chain, economic drivers and key buyers and markets.

Report Snapshot
Market Share of Companies
There are no companies with a dominant market share
Industry Statistics & Market Size
Revenue
$1bn
Annual Growth 12-17
1.8%
Annual Growth 17-22
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Profit
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Employment
10,270
Businesses
2,874
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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Industry ProductsRelated ReportsTable of Contents

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
CatfishOther food fishMollusksMiscellaneous aquacultureCrustaceansOrnamental fishBait fishSport 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 habitatsRaising and harvesting other aquaculture (e.g. seaweed, alligators, frogs and turtles)


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