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Fishing in the US - Industry Market Research Report

  • April 2017
  • 33 pages
  • Ibisworld
Report ID: 1034267

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On the hook: Exports and overfishing prevention will determine industry success

Fishing in the US

The Fishing industry has been stable over the five years to 2017, though revenue declined. This slight decline is largely a result of a decline domestic seafood prices, coupled with only marginally increasing per capita seafood consumption.

Over the five years to 2022, the industry is expected to return to growth. Further increases in per capita disposable income and seafood consumption, as well as an anticipated decline in the value of the dollar, are expected to drive this growth. Overall, industry performance is expected to remain stable, with slight growth in establishments and enterprises.

Operators in this industry primarily catch finfish, shellfish and miscellaneous marine products for commercial sale with little to no alteration or further processing. Aquaculture is excluded, and operators that realize the bulk of their revenue through fish processing are also excluded.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.

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ref:plp2017

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