Fishing & Seafood Aquaculture in Canada
The risks associated with ocean fishing, as well as the depletion of fish stocks, have led this industry to transition to aquaculture. 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. Despite the transition from fisheries to aquaculture production, overall demand for fish and seafood has grown over the past five years, leading industry revenue to increase. Over the five years to 2022, industry revenue is expected to grow at a more muted rate. Continued demand from export markets will help this growth, especially from East Asian and Southeast Asian markets, where consumers' disposable incomes are growing. These higher disposable incomes are expected to translate into greater demand for imported fish and seafood products, including seafood products from Canada.
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.
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