Seafood Retailing in Australia - Industry Market Research Report

Seafood Retailing in Australia - Industry Market Research Report

Seafood Retailing in Australia

Seafood Retailers have benefited from rising health consciousness that has encouraged Australians to incorporate more fresh fish into their diets, as it's a lean source of protein and other nutrients like omega-3 oils. Consumers are also purchasing an increasing amount of high-value fresh seafood options as they expand their preferences. Despite these trends, it's estimated that industry revenue has edged downwards at an annualised 0.7% over the past five years, to total $955.7 million. This includes a likely drop of 1.9% in 2022-23, in response to the ongoing effects of the COVID-19 pandemic.

The industry consists of specialised retailers that sell fish, shellfish and molluscs. This seafood can be sold in a natural chilled state, filleted, smoked, salted, curried or in ready-to-eat meals to be cooked at home. The industry excludes retail sales of seafood by mass retailers, such as supermarkets.

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.