The Seafood Processing industry comprises operators that fillet, can, preserve, salt, freeze and transform seafood into products that are purchased by supermarkets and specialist retailers and sold to the food-service and catering sectors. The industry is expected to decline at a compound annual rate of 1.6% over the five years through 2015-16, mainly due to the sharp revenue declines registered during the start of the period as the economic downturn dampened domestic demand. However, increasing awareness of healthy eating propelled domestic demand and helped the industry return to growth from the middle part of the period onwards.
Industry operators process fish, molluscs, crustaceans and other seafood. The industry includes factory ships that process seafood, unless they also engage in fishing activities, and excludes the processing of products derived from marine mammals. The preparation of frozen-fish dishes and the manufacture of fish soups also fall outside the scope of the 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.