The Fish and Seafood Wholesaling industry in Canada has grown over the past five years. Rising health consciousness and per capita disposable income have encouraged Canadians to spend more on increasingly expensive fish and seafood, which are often considered healthier protein options, both at home and at restaurants. Over the five years to 2022, the domestic Fish and Seafood Wholesaling industry is expected to continue growing. Similar to the past five years, growth in per capita disposable income and increasing health consciousness are expected to assist industry growth. More critical to operators' success, however, is the expected boost to revenue due to the Comprehensive Economic and Trade Agreement between Canada and the European Union (EU), cutting all tariffs on industry products sold to the EU, as well as the Canadian Free Trade Agreement, which diminishes tariffs on interprovincial trade, both implemented in late 2017. This will likely lead to a substantial expansion in the value of Canadian fish and seafood exported to the EU, as well as encouraging domestic operations at a national scale.
Establishments in this industry primarily wholesale fish and seafood for human consumption. Canned and packaged frozen fish and seafood products are excluded from this industry (see the Frozen Food Wholesaling industry in Canada, IBISWorld report 41319CA). The wholesaling of fish and seafood that are frozen, but not packaged, are included among this industry’s operations.
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.