Seafood Retailing

Overview

Making a splash: Good service and detailed product knowledge have aided industry margins

IBISWorld’s Seafood Retailing 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.

REPORT SNAPSHOT

Industry Analysis & Industry Trends

Prospects have been positive for the Seafood Retailing industry over the past five years. Increased national seafood consumption and rising disposable incomes have helped the industry regain its feet following a downturn during the six years through 2010-11, caused by falling seafood consumption and consumer spending. Industry revenue is expected to grow by a strong annualised 5.4% over the five years through 2016-17, to $566.5 million. This includes a projected 4.6% revenue rise in 2016-17.

Per capita seafood consumption growth has been marginal over the past five years. However, consumers have increased consumption of high-value fresh seafood, to the detriment of low-value processed seafood...

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What is the Seafood Retailing industry?

The industry displays moderate capital intensity. For every dollar spent on wages, the average industry operator will spend an estimated $0.16 on capital items in 2016-17. Significant capital expenditure is required when entering the industry. Operators must fit-out shop fronts with refrigerated displays, cash registers and scales. Adequate refrigerated storage facilities are also required at the back of the store. Repair and replacement costs for these items, particularly refrigeration equipment, are ongoing capital expenses.

The industry is highly reliant on labour, reflected in its significant wage costs. Trained fishmongers are required for the gutting, boning, descaling and filleting of fish. Fis...

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Additional Insights for the Seafood Retailing Industry

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

  • Attractive product presentation
  • Production of goods currently favoured by the market
  • Having a clear market position

    • IBISWorld analysts also discuss how external factors such as Seafood consumption and Domestic price of fish and other seafood in the Seafood Retailing industry impact industry performance..

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    Products & Brands

    Major products in this industry
    Fish
    Crustaceans
    Molluscs

    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
  • Seafood consumption
  • Domestic price of fish and other seafood
  • Real household disposable income
  • Demand from supermarkets and grocery stores
  • Health consciousness

    • Current Performance
  • Increased consumption
  • Rising prices
  • Supermarket surge
  • Exceptional service
  • Food service threat
  • Imported produce
  • Chart: Revenue Growth

    • Industry Outlook
  • Slowing consumption
  • Sustainability concerns
  • Continued competition
  • Industry structure
  • Table: Seafood Retailing Industry Revenue Outlook

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

    • Products & Markets
    Supply Chains
    Key Buying Industries
  • Pubs, Bars and Nightclubs
  • Fast Food Services
  • Restaurants
  • Consumers

    • Key Selling Industries
  • Fish and Seafood Wholesaling
  • Seafood Processing

    • Products & Services
  • Fish
  • Crustaceans
  • Molluscs
  • Chart: Seafood Retailing Industry Products and Services Segmentation

    • Demand Determinants
    Major Markets
  • Third and fourth quintiles
  • Fifth quintile
  • First and second quintiles
  • Chart: Major Market Segmentation for the Seafood Retailing 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
  • Depreciation, utilities and other costs
  • Chart: Cost Structure Benchmarking – Sector vs Seafood Retailing

    • Basis of Competition
  • Internal competition
  • External competition

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

    • Industry Globalization
    Major Companies
    There are no major players in this industry
    Operating Conditions
    Capital Intensity
  • Chart: Level of Capital Intensity for the Seafood Retailing 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 Retailing Industry
    Includes:
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)

    • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Jargon & Glossary
    Crustacean
  • Aquatic arthropods such as prawns, lobsters, crayfish and crabs.
    • Fishmonger
  • A specialist fish retailer, trained in the gutting, boning, descaling and filleting of fish and other seafood.
    • Mollusc
  • Invertebrate sea creatures that inhabit the shore, such as abalone, scallops, squid and octopuses.

    • 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 Retailing:
    • 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 Retailing 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 Retailing, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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