The Fishing and Seafood Aquaculture industry produces fish and shellfish from Canada's oceans, inland waterways and aquaculture operations (i.e. fish farms). While sea fisheries represent the largest share of industry revenue, traditional ocean fishing has been losing ground to aquaculture operations in the past five years. This transition has been supported by the Canadian federal government, which had several incentive programs in place over the past five years to spur investment in aquaculture. Trade has played a major part in this growth over the past five years. Export sales generate more than half of industry revenue, and fishery products are Canada's largest food product export by dollar value. In the five years to 2021, continued demand from export markets will help industry revenue growth, especially from East Asian and Southeast Asian markets, where consumers' disposable incomes are growing.
Operators in this industry produce fish and shellfish (i.e. molluscs and crustaceans) from sea fisheries, inland fisheries and aquaculture operations (i.e. 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.