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

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.

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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
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