Fish & Seafood Aquaculture in the US - Industry Market Research Report
Description
Fish & Seafood Aquaculture in the US - Industry Market Research Report
Fish & Seafood Aquaculture in the US
Demand for the fish and seafood aquaculture industry's products has been rocky over the five years to 2023. Though supply chain disruptions and declining consumption threatened the industry, elevated prices and a trend toward premium seafood benefitted the industry. Despite losses in per capita disposable income in 2022, seafood's great reputation kept many consumers buying. Still, skyrocketing imports in the aftermath of COVID-19 restricted the industry as overseas aquaculture and fishing became even more dominant. As a result, revenue has risen at a CAGR of 1.5% over the five years to 2023 to an estimated $2.3 billion, despite a decline of 0.2% in 2023 alone.
Companies in this industry farm aquatic animals or plants in controlled aquatic environments. Industry operators use some form of intervention in the rearing process to enhance production, such as holding in captivity and protecting from predators, pests and disease. This industry does not include the fishing and harvesting of wild fish and shellfish, an activity that is included in the Fishing industry (IBISWorld report 11411).
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.
Fish & Seafood Aquaculture in the US
Demand for the fish and seafood aquaculture industry's products has been rocky over the five years to 2023. Though supply chain disruptions and declining consumption threatened the industry, elevated prices and a trend toward premium seafood benefitted the industry. Despite losses in per capita disposable income in 2022, seafood's great reputation kept many consumers buying. Still, skyrocketing imports in the aftermath of COVID-19 restricted the industry as overseas aquaculture and fishing became even more dominant. As a result, revenue has risen at a CAGR of 1.5% over the five years to 2023 to an estimated $2.3 billion, despite a decline of 0.2% in 2023 alone.
Companies in this industry farm aquatic animals or plants in controlled aquatic environments. Industry operators use some form of intervention in the rearing process to enhance production, such as holding in captivity and protecting from predators, pests and disease. This industry does not include the fishing and harvesting of wild fish and shellfish, an activity that is included in the Fishing industry (IBISWorld report 11411).
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.
Table of Contents
40 Pages
- TABLE OF CONTENTS
ABOUT THIS INDUSTRY
Industry Definition
Main Activities
Similar Industries
Additional Resources
INDUSTRY AT A GLANCE
INDUSTRY PERFORMANCE
Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle
PRODUCTS & MARKETS
Supply Chain
Products & Services
Demand Determinants
Major Markets
International Trade
Business Locations
COMPETITIVE LANDSCAPE
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Basis of Competition
Barriers to Entry
Industry Globalization
MAJOR COMPANIES
OPERATING CONDITIONS
Capital Intensity
Technology & Systems
Revenue Volatility
Regulation & Policy
Industry Assistance
KEY STATISTICS
Industry Data
Annual Change
Key Ratios
JARGON & GLOSSARY
Pricing
Currency Rates
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