Navigation Links
Fish and Seafood Markets in the US Industry Market Research Report from IBISWorld has Been Updated
Date:1/27/2013

Los Angeles, CA (PRWEB) January 27, 2013

Three broad factors that drive the Fish and Seafood Markets industry include levels of household disposable income, per capita seafood consumption, seafood prices and general population growth. “Historically, the quantity and quality of fish and seafood have driven sales of fish and seafood in related markets,” says IBISWorld industry analyst Josh McBee, but the development of the Fish and Seafood Aquaculture industry (IBISWorld report 11251) have brought supplies closer to consumer demand. Previously, variability in the cycle of fish caught determined pricing and supply at the retail level, but aquaculture produces a consistent supply of seafood similar in size and quality, thus tempering the industry's volatile nature. As such, over the five years to 2012, IBISWorld estimates industry revenue fell at an annualized rate of 1.2% to $2.1 billion.

During the past few years, falling household wealth has negatively affected the Fish and Seafood Markets industry. As families and individuals tightened their budgets and reduced expenses, consumption trends have changed in a number of ways. Most importantly, the volume of fish and seafood sold dropped significantly in 2008 and 2009 in favor of less expensive protein sources such as chicken, pork and beef. “The negative effects of the recession reduced the quality of purchases as well,” says McBee. “Purchases of higher-quality seafood have declined strongly as Americans substitute quality fresh fish with more frozen, canned or other processed varieties.” Industry profitability (earnings before taxes and interest) has taken a plunge as lower sales of value-added products squeezed industry margins. In response to poor conditions and squeezed profit, seafood markets have been reducing staff sizes to reduce wage expenses.

In 2012, the industry rebounded slightly, with per capita consumption of fish turning around and driving revenue recovery of 1.4%. As household income levels improve through 2017, IBISWorld forecasts industry revenue to increase at an annualized rate of 1.2% to $2.2 billion. Also by 2017, employment and wages are projected to rebound to prerecession levels. IBISWorld estimates that nonemployer establishments (i.e. those that lack paid employees besides the owner) account for a little more than half of the industry. Most other fish and seafood markets employ fewer than 10 people. In fact, data provided by the US Census suggests that about 70.0% of fish and seafood markets that have paid employees employ between one and four people, illustrating that the bulk of operations are small. Over the next five years, the structure of this industry will likely remain static, with a limited number of markets undertaking acquisitions. For more information, visit IBISWorld’s Fish and Seafood Markets in the US industry report page.

Follow IBISWorld on Twitter: https://twitter.com/#!/IBISWorld
Friend IBISWorld on Facebook: http://www.facebook.com/pages/IBISWorld/121347533189

IBISWorld industry Report Key Topics

Fish and seafood markets primarily retail fresh, frozen and cured fish and seafood items such as tuna, salmon, lobster and shrimp. Operating within the retail sector, products are sold at various independent markets, delicatessens, fishmongers and butcher shops. Fish and seafood markets operating as part of a supermarket are excluded from this industry, as are online sales.

Industry Performance
Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle
Products & Markets
Supply Chain
Products & Services
Major Markets
Globalization & Trade
Business Locations
Competitive Landscape
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Barriers to Entry
Major Companies
Operating Conditions
Capital Intensity
Key Statistics
Industry Data
Annual Change
Key Ratios

About IBISWorld Inc.
Recognized as the nation’s most trusted independent source of industry and market research, IBISWorld offers a comprehensive database of unique information and analysis on every US industry. With an extensive online portfolio, valued for its depth and scope, the company equips clients with the insight necessary to make better business decisions. Headquartered in Los Angeles, IBISWorld serves a range of business, professional service and government organizations through more than 10 locations worldwide. For more information, visit http://www.ibisworld.com or call 1-800-330-3772.

Read the full story at http://www.prweb.com/releases/2013/1/prweb10363220.htm.


'/>"/>
Source: PRWeb
Copyright©2012 Vocus, Inc.
All rights reserved

Related medicine news :

1. New Report Video Surveillance Market (2011 – 2016) by MarketsandMarkets
2. Discount Supermarkets Tied to Rising Obesity Rates
3. New Report Ceramic Sanitary Ware Market (2011 – 2016) by MarketsandMarkets
4. New Report on Water Treatment Equipment Market - by Technology, Application & Geography - Forecasting to 2017 will be Published by MarketsandMarkets
5. Cloud Storage Market growing at CAGR of 40.2% to reach $46.8 Billion by 2018 - New Report by MarketsandMarkets
6. Activated Carbon Market Growing at CAGR of 11.1% to Reach $3 Billion by 2016 - New Report by MarketsandMarkets
7. iTrade Capital Markets/ICM Trading is Now Offering Opportunity to Open a No-Cost Practice Trading Account
8. iTrade Capital Markets, ICM Trading Offers Investors an Opportunity to Become a Partner With iTrade Capital Markets
9. North American Region Displays Highest Growth Rate at a CAGR of 9.2% Over the Next Five Years in Cyber Security Market by MarketsandMarkets
10. Fuel Additives Market Growing at CAGR of 6% to Reach $6,401 Million by 2017 - New Report by MarketsandMarkets
11. Power Line Communication Systems Market Worth $7,101.6 Million and is Growing at a CAGR of 19.3% by 2018 - New Report by MarketsandMarkets
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:10/12/2017)... (PRWEB) , ... October 12, 2017 , ... IsoComforter, Inc. ... products, announced today the introduction of an innovative new design of the shoulder pad. ... so you get maximum comfort while controlling your pain while using cold therapy. By ...
(Date:10/12/2017)... ... October 12, 2017 , ... Asante, a nationally recognized health ... expanded their existing home health joint venture through an agreement, effective October 1, ... joint venture home health company with Asante, delivering clinically integrated care, for the ...
(Date:10/12/2017)... LOS ANGELES (PRWEB) , ... October 12, 2017 ... ... of Parsa Mohebi Hair Restoration, has recently contributed a medical article to the ... doctors, on cosmetictown.com. Dr. Mohebi’s article spotlights the hair transplant procedure known as ...
(Date:10/12/2017)... ... ... Leading pediatric oncology experts at Children’s National Health System will ... the International Society of Paediatric Oncology (SIOP) Oct. 12-15. Chaired by Jeffrey ... Disorders at Children’s National, and Stephen P. Hunger, M.D., Chief of the Division ...
(Date:10/12/2017)... RAPIDS, Mich. (PRWEB) , ... October 12, 2017 ... ... Wellness, has been named one of Michigan’s 2017 Best and Brightest in Wellness® ... and Brightest in Wellness® awards program on Friday, Oct. 20 from 7:30 a.m. ...
Breaking Medicine News(10 mins):
(Date:10/2/2017)... 2017 The Rebound mobile app is poised to ... the tide of prescription drug addiction. The app empowers users ... and stepping down their dosage in a safe, controlled manner ... 2017; the first 100,000 people to sign up will enjoy ... ...
(Date:9/28/2017)... 2017 Cohen Veterans Bioscience and Early Signal ... wearable and home sensors for real-time monitoring of patients ... a nonprofit organization focused on disruptive health solutions for ... analytical system to record and integrate behavioral, cognitive, physiological ... ...
(Date:9/27/2017)... and NEW YORK , Sept. 27, 2017  DarioHealth ... and big data solutions, today announced that its MyDario product is expected ... local TV listings for when The Dr. Oz Show airs in your ... The nine-time Emmy ... ...
Breaking Medicine Technology: