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

  • February 2016
  • -
  • Ibisworld
  • -
  • 37 pages

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



Abstract

Fish & Seafood Aquaculture in the US

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. Nevertheless, growth in the Fishing industry , alongside continued competition from imports, will limit the industry's ability to meet all of this increase in demand.

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 including the fishing and harvesting of wild fish and shellfish, an activity which is including under the Fishing industry (11411).

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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