Fishing & Seafood Aquaculture in Canada - Industry Market Research Report
Description
Fishing & Seafood Aquaculture in Canada
Demand for fish and seafood aquaculture products has fallen in recent years. The industry catches and farms fish and shellfish from Canada's oceans, inland waterways and through aquaculture operations. While sea fisheries represent the largest share of revenue, traditional ocean fishing has been losing ground to aquaculture operations. The risks associated with ocean fishing and the depletion of fish stocks have made aquaculture more attractive. This transition has been supported by the Canadian federal government, which has implemented incentive programs to spur investment in aquaculture. While increased government funding provided a boost, demand for seafood has decreased due to economic uncertainty and the growing popularity of plant-based proteins. Revenue is expected to fall at a CAGR of 0.9% to $6.1 billion through the end of 2023, despite growth of 1.6% in 2023 alone when profit will account for 21.5% of revenue.
Operators in the Fishing and Seafood Aquaculture industry in Canada produce fish and shellfish, such as molluscs and crustaceans, from sea fisheries, inland fisheries and aquaculture operations, such as 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."
Demand for fish and seafood aquaculture products has fallen in recent years. The industry catches and farms fish and shellfish from Canada's oceans, inland waterways and through aquaculture operations. While sea fisheries represent the largest share of revenue, traditional ocean fishing has been losing ground to aquaculture operations. The risks associated with ocean fishing and the depletion of fish stocks have made aquaculture more attractive. This transition has been supported by the Canadian federal government, which has implemented incentive programs to spur investment in aquaculture. While increased government funding provided a boost, demand for seafood has decreased due to economic uncertainty and the growing popularity of plant-based proteins. Revenue is expected to fall at a CAGR of 0.9% to $6.1 billion through the end of 2023, despite growth of 1.6% in 2023 alone when profit will account for 21.5% of revenue.
Operators in the Fishing and Seafood Aquaculture industry in Canada produce fish and shellfish, such as molluscs and crustaceans, from sea fisheries, inland fisheries and aquaculture operations, such as 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."
Table of Contents
40 Pages
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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