Seafood Processing in Australia - Market Research Report

Seafood Processing industry trends (2014-2019)

poll Average industry growth 2014–2019: 3.0%

Seafood imports have met an increasing proportion of domestic demand over the past five years, increasing competition for the Seafood Processing industry. Industry operators have effectively responded to rising imports by developing export channels over the period. Consequently, industry revenue is expected to grow at an annualised 3.0% over the five years through 2018-19, to reach $1.1 billion. Industry revenue is expected to increase by 7.4% in 2018-19, due to growth in domestic seafood consumption and prices, and greater demand for Australian seafood exports. International trade has become increasingly important in the Seafood Processing industry. Rising competition from imports, particularly in low-value industry segments, has reduced establishm...
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Seafood Processing industry outlook (2019-2024)

poll Average industry growth 2019-2024: x.xlockPurchase this report or a membership to unlock the average company profit margin for this industry.

The Seafood Processing industry is projected to grow over the next five years. Revenue is anticipated to increase by an annualised X.X% over the five years through XXX-XX, to reach $X.X billion. Although some small firms are anticipated to exit the industry, total revenue is expected to increase as major players ramp up production. Both exports and imports are expected to grow over the next five years. International trade Exports are anticipated to continue driving growth in the Seafood Processing industry, despite falling slightly as a share of industry revenue over the next five years. Demand for Australian seafood in major export markets is projected to increase, particularly in Vietnam and China. As the middle class in these countries grows, de...
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Seafood Processing industry statistics

  • attach_money Market Size: $1bn
  • business Number of Businesses: 239
  • poll Average Industry Profit Margin: x.x%
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  • supervisor_account Industry Employment: 2,531

Biggest companies in the Seafood Processing industry

The companies holding the largest market share in the Seafood Processing in Australia industry include Tassal Group Limited, Huon Aquaculture Group Limited and Simplot Australia (Holdings) Pty Limited.

  • pie_chart Tassal Group Limited Market Share: x.x%
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  • pie_chart Huon Aquaculture Group Limited Market Share: x.x%
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  • pie_chart Simplot Australia (Holdings) Pty Limited Market Share: x.x%
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What is Seafood Processing industry?

Industry Definition

Industry companies process and manufacture fish or other seafood. The industry includes businesses that operate vessels that process, but do not catch fish or other seafood. The industry also includes firms that freeze whole finfish, or shell, freeze or bottle oysters in brine. The industry does not include fishing vessels that both catch and process fish or other seafood.

Industry Products and Services

  • Fresh or chilled seafood
  • Frozen seafood
  • Prepared or preserved seafood
  • Smoked, dried or salted seafood
  • Other products

Industry Activities

  • Crustaceans processing
  • Fish cleaning, filleting, drying and smoking
  • Fish fillet manufacturing
  • Fish loaf or cake manufacturing
  • Fish paste manufacturing
  • Fish pate manufacturing
  • Mollusc processing
  • Preserved scallops manufacturing
  • Seafood canning
  • Whole finfish freezing

Market research report - table of contents

Industry Definition

Industry companies process and manufacture fish or other seafood. The industry includes businesses that operate vessels that process, but do not catch fish or other seafood. The industry also includes firms that freeze whole finfish, or shell, freeze or bottle oysters in brine. The industry does not include fishing vessels that both catch and process fish or other seafood.

Main Activities

  • Crustaceans processing
  • Fish cleaning, filleting, drying and smoking
  • Fish fillet manufacturing
  • Fish loaf or cake manufacturing
  • Fish paste manufacturing
  • Fish pate manufacturing
  • Mollusc processing
  • Preserved scallops manufacturing
  • Seafood canning
  • Whole finfish freezing

Similar Industries

Additional Resources

Industry Statistics Snapshot

Industry Structure

Executive Summary

Key External Drivers

Aquaculture activity strongly affects industry revenue. Seafood processing firms source a significant share of their production inputs from aquaculture fa...
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Demand from aquaculture
Demand from fish and seafood wholesaling
Demand from fishing
Trade-weighted index

Current Performance

Profit and cost structure
Overfishing trends
 Chart: Revenue Growth

Industry Outlook

Industry innovation
Industry structure
Long-term sustainability
 Table: Seafood Processing in Australia - Market Research Report Industry Revenue Outlook

Industry Life Cycle

Life Cycle Reasons
 Chart: Benchmarking - Seafood Processing in Australia - Market Research Report Industry Lifecycle vs The Economy

Supply Chain

Key Buying Industries

Seafood Processing in Australia
Fish and Seafood Wholesaling in Australia
Fresh Meat, Fish and Poultry Retailing in Australia
Catering Services in Australia
Supermarkets and Grocery Stores in Australia
Restaurants in Australia
Cafes and Coffee Shops in Australia

Key Selling Industries

Aquaculture in Australia
Fishing in Australia





Products & Services

Products in the Seafood Processing industry are split according to preparation method. Industry segments include fresh or chilled seafood; frozen seafood;...
Other export markets
Exports to Vietnam
Domestic markets



Demand Determinants

Several factors determine demand for Australian processed seafood, including the strength of the Australian dollar, changes in consumer tastes, disposable...
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Major Markets

Other export markets
Exports to Vietnam
Domestic markets




 Chart: Major Market Segmentation for the Seafood Processing in Australia - Market Research Report Industry

International Trade

Business Locations

Chart: Business Locations by State Chart: Business Locations by State

Market Share Concentration

The Seafood Processing industry displays moderate market share concentration, with the top three players expected to account for 64.9% of industry revenue...
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Key Success Factors

Cost Structure Benchmarks

Profit, Purchases, Wages, Other Costs
 Chart: Cost Structure Benchmarking – Sector vs Seafood Processing in Australia - Market Research Report

Basis of Competition

Internal competition
External competition

Barriers to Entry

 Table: Barriers to Entry Checklist for the Seafood Processing in Australia - Market Research Report Industry

Industry Globalization

Tassal Group Limited is a publicly listed, vertically integrated seafood company based in Tasmania. The company has hatchery, aquaculture, processing and ...
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Tassal Group

 Table: Tassal Group - financial performance

Huon Aquaculture Group

 Table: Huon Aquaculture Group - financial performance

Simplot Australia

 Table: Simplot Australia - financial performance

Capital Intensity

The Seafood Processing industry exhibits fairly high capital intensity, with an average $0.38 spent on capital for every dollar spent on wages across the ...
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 Chart: Level of Capital Intensity for the Seafood Processing in Australia - Market Research Report Industry
 Chart: Tools of the Trade: Growth Strategies for Success

Technology & Systems

Revenue Volatility

Chart: Volatility vs Industry Growth Chart: Volatility vs Industry Growth

Regulation & Policy

Industry Assistance

Table: Industry data Table: Industry Data for the Seafood Processing in Australia Industry

Industry Revenue (2007-2025)
Industry Gross Product (2007-2025)
Establishments (2007-2025)
Businesses (2007-2025)
Employment (2007-2025)
Exports (2007-2025)
Imports (2007-2025)
Wages (2007-2025)
Domestic Demand (2007-2025)

Table: Annual Percentage Change for Key Industry Data Table: Annual Percentage Change for Key Industry Data

Table: Key Ratios for Industry Key Dat Table: Key Ratios for Industry Key Data

Table: Industry Financial Ratios Table: Industry Financial Ratios

Liquidity Ratios
Coverage Ratios
Leverage Ratios
Operating Ratios
Cash Flow & Debt Service Ratios (% of Sales)
Assets, %
Liabilities, %

AANZFTA

CHAFTA

CRUSTACEANS

FINFISH

OVERFISHING

SALMONIDS

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Included in Report

  • Industry Financial Ratios
    Industry Financial Ratios
  • Revenue Forecasts
    Revenue Forecasts
  • Historical and Forecast Growth
    Historical and Forecast Growth
  • Industry Market Size
    Industry Market Size
  • Industry Major Players
    Industry Major Players
  • Profitability Analysis
    Profitability Analysis
  • SWOT Analysis
    SWOT Analysis
  • Industry Trends
    Industry Trends
  • Industry Operating Conditions
    Industry Operating Conditions
  • Porter's 5 Forces Analysis
    Porter's 5 Forces Analysis

Why buy this report on the Seafood Processing industry?

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This report on Seafood Processing in Australia:

  • Provides Market Size information to assist with planning and strategic decisions.
  • Includes the necessary information to perform SWOT, PEST and STEER analysis.
  • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
  • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.

The Seafood Processing in Australia market research report includes:

  • Historical data and analysis for the key drivers of this industry
  • A five-year forecast of the market and noted trends
  • Detailed research and segmentation for the main products and markets
  • An assessment of the competitive landscape and market shares for major companies
  • And of course, much more

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