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:2/9/2016)... ... February 09, 2016 , ... Cirracore Enterprise ... enterprises move workloads to the cloud. Cirracore provides a secure VMware® vCloud ... traversing the Internet. Transformation Solutions (TSL Partners) provides a full range of ...
(Date:2/9/2016)... (PRWEB) , ... February 09, 2016 , ... ... specialty pharmacies, announces today the continuation of the ‘Pay It Forward’ program into ... prescription referral received at our specialty pharmacy. , “Since our Pay It ...
(Date:2/9/2016)... ... February 09, 2016 , ... On January 12, 2016 Paul ... appointment after they noticed their furnace not producing any heat. Shortly after entering the ... cracked heat exchanger was leaking dangerous levels of carbon monoxide into the home, at ...
(Date:2/9/2016)... ... February 09, 2016 , ... The ... Herberger’s and Younkers department stores, announced it has raised $176,000 to benefit the ... Holden Comprehensive Cancer Center at the University of Iowa, The Lynn Sage Cancer ...
(Date:2/9/2016)... ... 09, 2016 , ... ZipHearing.com is proud to ... hearing aids , increase industry transparency, and promote awareness of hearing solutions ... “For the average consumer, the hearing aid industry is esoteric and difficult to ...
Breaking Medicine News(10 mins):
(Date:2/9/2016)... -- Axovant Sciences Ltd. (NYSE:  AXON), a leading clinical-stage ... today announced further details of three new clinical ... of Lewy body dementia, a disease affecting approximately ... of the three studies were recently initiated and ... quarter. In addition, the Company reported financial results ...
(Date:2/9/2016)... The new report "Global Diagnostic Ultrasound Devices Market Assessment ... reveals that global diagnostic ultrasound devices market was valued at US$ ... million by 2019 at a CAGR of 6.8% from 2015 to ... has been analyzed for six geographies of North America ... , Latin America , Middle-East ...
(Date:2/9/2016)... 2016 The new report "Global Blood Monitoring & Cardiac Monitoring Devices ... Consulting group reveals that global market for blood monitoring & cardiac ... expected to grow to US$ 24,830.1 million by 2019 at a ... America , Europe , Asia-Pacific ... and Africa . The three major ...
Breaking Medicine Technology: