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Fish & Seafood Markets in the US - Industry Market Research Report

  • January 2016
  • 31 pages
  • Ibisworld
Report ID: 198911

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Resurfacing: As disposable income grows, consumers' appetites for seafood will stabilize



Abstract

Fish & Seafood Markets in the US

The Fish and Seafood Markets industry has experienced growth in recent years as a result of improving per capita disposable income. This, coupled with a renewed interest in locally sourced food and new health and nutrition trends that emphasize the importance of eating seafood, is expected to drive the growth of this industry. In the five years to 2020, the industry is anticipated to benefit from favorable pricing and stabilizing consumption of seafood. However, competitive pressures will grow as more Americans seek the convenience of one-stop shops. Nevertheless, health-conscious consumers seeking locally sourced foods will continue to shop at industry enterprises rather than competitive channels, benefiting the industry.

Fish and seafood markets primarily retail fresh, frozen and cured fish and seafood items, such as tuna, salmon, lobster and shrimp. Products are sold at various brick-and-mortar locations including independent markets, delicatessens, fishmongers and butcher shops. Fish and seafood markets and counters operating within a supermarket are excluded from this industry, as are online sales of fish products.

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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