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Seafood Processing in the U.S. Product Image

Seafood Processing in the U.S.

  • ID: 1052463
  • February 2015
  • Region: United States
  • 10 pages
  • First Research

Brief Excerpt from Industry Overview Chapter:

Companies in this industry clean and pack fresh seafood; can, freeze, and dry seafood; and process fish fats and oils. Major companies include Starkist and Trident Seafoods (both headquartered in the US); along with Icelandic Group (Iceland), Maruha Nichiro Holdings (Japan), Pescanova (Spain), and Thai Union (Thailand).

Global exports of seafood products total about $130 billion per year. China is the largest seafood producer; Japan, the US, and China are the largest import markets. Seafood consumption is increasing in developing nations with rising income levels, particularly in parts of the Asia/Pacific region and Latin America. Brazil, Mexico, Russia, and Egypt have emerged as key import markets in recent years.

The US seafood processing industry consists of about 500 companies with combined annual revenue of about $11 billion.

COMPETITIVE LANDSCAPE

Demand is driven by trends in fish consumption. The profitability of individual companies depends on operational efficiencies. Large companies often enjoy the advantages of vertical integration and have economies of scale in purchasing and marketing. Small companies can compete effectively by specializing in niche markets. The US industry is concentrated: the 50 largest companies account for about 75 percent of revenue.

Imports of processed and canned seafood account for about 20 percent of the US market. Major sources of imports include Thailand, China, and Indonesia. Canada and the UK are major markets for US exports of processed and canned seafood, which account for about 4 percent of US production....

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Industry Overview
Quarterly Industry Update
Business Challenges
Business Trends
Industry Opportunities
Call Preparation Questions
Financial Information
Industry Forecast
Web Links and Acronyms

Note: Product cover images may vary from those shown
Note: Product cover images may vary from those shown

RELATED PRODUCTS

Our Clients

SeaFish Co. Bumble Bee Foods, Inc. Alaska Seafood Company Clearwater Seafoods, Inc. Government of Canada Trident Seafoods Corporation