The Seafood Processing industry has experienced turbulent conditions over the past five years. Revenue has been adversely affected by declining seafood production, lower prices and increasing imports. The industry has also become increasingly dependent on the domestic market as export prices declined due to limited stocks, restrictive legislation and an ascendant dollar. Domestic demand has however been buoyed by growth in per capita seafood consumption, supported by continued increases in product innovation, and positive media attention on the benefits of seafood and increasing consumer health awareness.
Businesses in this industry process and manufacture fish or other seafood. This industry also includes businesses that operate vessels that process, but do not catch, fish or other seafood. This industry does not include fishing vessels that both catch and process fish or other seafood. This industry also does not include firms that freeze whole finfish or shell, freeze, or bottle oysters in brine; these are included in the Fish Wholesaling industry.
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.