Fish & Seafood Markets in the US
The Fish and Seafood Markets industry has experienced moderate growth in recent years, primarily as a result of increasing per capita seafood consumption. Moreover, industry performance has also been supported by increases in per capita disposable income, which have facilitated higher-margin purchases of industry products. The growing incidence of disease in the United States, such as heart disease and diabetes, has also caused many consumers to incorporate more finfish and fish oil into their diets. Over the next five years, the industry is anticipated to decelerate. Despite this slowdown, industry profitability is anticipated to increase slightly, along with the number of industry participants. Additionally, health-conscious consumers seeking locally sourced seafood will continue buying from industry operators rather than competitive retail channels, helping maintain industry performance.
Fish and seafood markets primarily retail fresh, frozen and cured fish and seafood items, such as tuna, salmon, lobster and shrimp. Products are sold at various brick-and-mortar locations including independent markets, delicatessens, fishmongers and butcher shops. Fish and seafood markets and counters operating within a supermarket are excluded from this industry, as are online sales of fish products.
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.
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