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Fishing & Seafood Aquaculture in Canada - Industry Market Research Report

Fishing & Seafood Aquaculture in Canada - Industry Market Research Report

  • March 2019
  • 36 pages
  • ID: 4387328
  • Format: PDF
  • By Ibisworld

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Reel well: Global demand will drive industry expansion

Abstract

Fishing & Seafood Aquaculture in Canada
The Fishing and Seafood Aquaculture industry in Canada is expected to thrive over the five years to 2019 as exports and higher prices boost revenue. The industry catches and farms fish and shellfish from Canada’s oceans, inland waterways as well as through aquaculture operations. Trade has driven the industry’s rise over the past five years, boosted by econmic growth in Asian countries. A dampened growth of exports as a result of slower economic growth in Asian markets and a stronger currency is expected to reduce the industry’s expansion over the five years to 2024. To support demand, the industry will continue its transition to aquaculture, the more economically reliable and environmentally friendly method of producing fish and seafood.

Operators in this industry produce fish and shellfish, such as molluscs and crustaceans, from sea fisheries, inland fisheries and aquaculture operations, such as fish farms.

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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