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

IBISWorld’s Seafood Processing market research report can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.


Industry Threats & Opportunities

  • Imports are accounting for a rising proportion of domestic seafood demand
  • Aquaculture growth has aided production, particularly for salmon, tuna and barramundi
  • Innovation and export opportunities will likely enable large-scale industry firms to grow

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    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 Key Buyers Chapter

    The Seafood Processing industry displays moderate market share concentration, with the top three players expected to account for 62.4% of industry revenue in 2016-17. The industry's largest operators, Tassal Group, Huon Aquaculture Group and Simplot Australia, are large and vertically integrated organisations that have extensive farming and processing facilities. Furthermore, the industry has several large to medium-size operators such as KB Seafoods and M G Kailis. As several major players have outperformed the industry over the past five years, market share concentration has risen. Merger and acquisition activity has also contributed to greater concentration in the industry over the past five years.


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    Additional Insights for the Seafood Processing Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Seafood Processing Industry are

  • Establishment of export markets
  • Use of production techniques that add value to base product(s)
  • Market research and understanding
  • IBISWorld analysts also discuss how external factors such as Demand from aquaculture and Demand from fish and seafood wholesaling in the Seafood Processing industry impact industry performance..

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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 Statistics Snapshot
    Industry Structure
    Executive Summary
    Industry Performance
    Executive Summary
    Key External Drivers
  • Demand from aquaculture
  • Demand from fish and seafood wholesaling
  • Demand from fishing
  • Trade-weighted index
  • Domestic price of fish and other seafood
  • Seafood consumption

  • Current Performance
  • Revenue drivers
  • Profit and cost structure
  • Overfishing trends
  • Chart: Revenue Growth

  • Industry Outlook
  • International trade
  • Industry innovation
  • Industry structure
  • Long-term sustainability
  • Table: Seafood Processing Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Seafood Processing Industry Lifecycle vs The Economy

  • Products & Markets
    Supply Chains
    Key Buying Industries
  • Seafood Processing
  • Fish and Seafood Wholesaling
  • Fresh Meat, Fish and Poultry Retailing
  • Catering Services
  • Supermarkets and Grocery Stores
  • Restaurants
  • Cafes and Coffee Shops

  • Key Selling Industries
  • Aquaculture
  • Fishing

  • Products & Services
  • Fresh or chilled seafood
  • Frozen seafood
  • Prepared or preserved seafood
  • Smoked, dried or salted seafood
  • Other products
  • Chart: Seafood Processing Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Exports to Vietnam
  • Other export markets
  • Retailers
  • Wholesalers
  • Other
  • Chart: Major Market Segmentation for the Seafood Processing Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Purchases
  • Wages
  • Rent
  • Other
  • Chart: Cost Structure Benchmarking – Sector vs Seafood Processing

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Seafood Processing Industry

  • Industry Globalization
    Major Companies
    Tassal Group LimitedSimplot Australia (Holdings) Pty LimitedHuon Aquaculture Group Limited
  • Table: Tassal Group Limited - financial performance
  • Table: Simplot Australia (Holdings) Pty Limited - financial performance
  • Table: Huon Aquaculture Group Limited - financial performance

  • Operating Conditions
    Capital Intensity
  • Chart: Level of Capital Intensity for the Seafood Processing Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Key Statistics
    Table: Industry Data for the Seafood Processing Industry
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Exports (2008-2022)
  • Imports (2008-2022)
  • Wages (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Jargon & Glossary
  • The ASEAN-Australia-New Zealand Free Trade Agreement entered into force on 1 October 2015. The ASEAN block contains Indonesia, Malaysia, the Philippines, Singapore, Thailand, Vietnam and others.
  • Chafta
  • The China-Australia Free Trade Agreement entered into force on 20 December 2015.
  • Crustaceans
  • Are aquatic arthropods and include lobsters, prawn, barnacles, crabs and crayfish.
  • Finfish
  • Are fish, as opposed to mollusc and crustaceans.
  • Overfishing
  • The depletion of natural fish stocks due to large-scale fishing activity.
  • Salmonids
  • A family of fish that includes salmon, trout, char, and graylings.
  • Why buy this report?

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Seafood Processing:
    • 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 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

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Seafood Processing, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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