Fish & Seafood Markets in the US
The Fish and Seafood Markets industry has experienced moderate growth over the five years to 2018, primarily as a result of increasing per capita seafood consumption and rising seafood prices. Moreover, industry performance has also been supported by increases in per capita disposable income, which have facilitated higher-margin purchases of industry products. Interest in the health benefits of seafood consumption has also driven industry growth. Over the next five years, the industry is anticipated to continue to grow, but decelerate. While the price of seafood is expected to decline, per capita seafood consumption is also expected to decrease. However, growth in disposable incomes and increased health consciousness will help support the industry.
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.