The industry will begin a modest revival as it aims to shake off the losses sustained from the BP oil spill and move toward recovery. Seafood demand will be heightened as consumers become more health conscious and consume more fish as a result. Moreover, the improved economic conditions will cause disposable income levels to improve, fueling industry revenue. However, fish and seafood wholesalers will face rising competition from other industries and contend with the growing practice of wholesale bypass.
Establishments in this industry primarily wholesale fish and seafood for human consumption. Canned or packaged frozen products are excluded from the industry (see IBISWorld reports 42449 and 42442, respectively).
The report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecast, growth rates and an analysis of the industry key players and their market shares.