Fish & Seafood Markets in the US - Industry Market Research Report

Fish & Seafood Markets in the US - Industry Market Research Report

Fish & Seafood Markets in the US

Fish and seafood markets comprise establishments that retail primarily fresh, frozen and cured fish and seafood items, including the online sales of fish products or fish. Seafood counters that operate within a supermarket aren't included. Expanding per capita seafood consumption and rising per capita disposable income through the end of 2023 have also benefited fish and seafood market operators. Also, the growing incidence of heart disease and obesity in the United States has encouraged many consumers to incorporate more finfish and fish oil into their diets. Coupled with a renewed interest in locally sourced food, health and nutrition trends that emphasize the importance of eating seafood have driven growth. However, boosting external competition with larger supercenter retailers has made it difficult for fish and seafood markets to compete on pricing. Revenue has swelled at a CAGR of 3.4% to reach $4.2 billion through the end of 2023, including a 1.6% boost in 2023 alone.

Fish and seafood markets primarily retail fresh, frozen and cured fish and seafood items, including tuna, salmon, lobster and shrimp. Products are sold at various brick-and-mortar locations including independent markets, delicatessens, fishmongers and butcher shops. Fish and seafood markets and counters operating within a supermarket are excluded from this industry, but online sales of fish products are included, as are other direct selling establishments.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.