Fishing in the US - Industry Market Research Report

Fishing in the US - Industry Market Research Report

  • September 2021 •
  • 40 pages •
  • Report ID: 1034267 •
  • Format: PDF
Reel it in: A growing price of seafood is expected to temper increases in demand

Abstract

Fishing in the US
Overall, the industry has been stable over the five years to 2019, with industry revenue increasing slowly due to an annualized rise in the price of seafood. Additionally, growth in industry revenue has been supported by an increase in per capita seafood consumption. Over the five years to 2023, the industry is expected to accelerate slightly. Per capita seafood consumption is expected to increase slightly, while the price of seafood is also expected to rise marginally. As the dollar weakens, industry growth is expected to be fueled by export growth in an otherwise softening market.

Operators in the Fishing industry primarily catch finfish, shellfish and miscellaneous marine products for commercial sale with little to no alteration or further processing. Aquaculture is excluded, and operators that realize the bulk of their revenue through fish processing are also excluded.

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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