Overview

Shelling out: Demand for luxury shellfish products in Asian export markets has boosted revenue

The Seafood Processing market research report provides key industry analysis and industry statistics, measures market size, analyzes current and future industry trends and shows market share for the industry’s largest companies. IBISWorld publishes the largest collection of industry reports so you can see an industry’s supply chain, economic drivers and key buyers and markets.

REPORT SNAPSHOT

Industry Analysis & Industry Trends

Imports account for a rising proportion of domestic seafood demand, increasing competitive pressures for the Seafood Processing industry. However, industry operators have effectively responded to rising imports in the domestic market by developing export channels. Consequently, industry revenue has grown at an annualised 4.9% over the five years through 2016-17, to reach $1.4 billion. The exit of some small-scale firms, combined with disease outbreaks and unfavourable regulation change, is expected to contribute to a lower revenue growth rate of 0.7% in 2016-17.

International trade has become increasingly important in the Seafood Processing industry...

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Industry Report - Industry SWOT Analysis Chapter

The Seafood Processing industry is in the mature phase of its industry life cycle. Industry value added, a measure of the industry’s contribution to the overall economy, is forecast to grow by an annualised 1.4% over the 10 years through 2021-22. The industry is underperforming relative to the overall economy, with GDP forecast to grow by 2.5% over the same period.

Over the past five years, revenue growth has slowed in the industry and become less volatile. Furthermore, some major companies have outperformed the overall industry. Combined with increased merger and acquisition activity, this has increased market share concentration. Higher concentration and rising imports penetration have led to enterprise and establishment numbers declining over this period.

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Industry Products

What is the Seafood Processing Industry?

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
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
Fish loaf or cake
Fish paste
Fish pate
Mollusc processing
Preserved scallops
Seafood canning
Whole finfish freezing

Table of Contents

About this Industry

Industry Definition
Main Activities
Similar Industries
Additional Resources

Industry at a Glance

Industry Performance

Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle

Products & Markets

Supply Chain
Products & Services
Demand Determinants
Major Markets
International Trade
Business Locations

Competitive Landscape

Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Basis of Competition
Barriers to Entry
industry Globalisation

Major Companies

Operating Conditions

Capital Intensity
Technology & Systems
Revenue Volatility
Regulation & Policy
Industry Assistance

Key Statistics

Industry Data
Annual Change
Key Ratios

Jargon & Glossary

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