Seafood Retailers in the UK - Industry Market Research Report

Seafood Retailers in the UK - Industry Market Research Report

Seafood Retailers in the UK

Seafood retailers continue to face intense competition from supermarkets. The COVID-19 lockdown and consumer preoccupation with convenience in major cities fuelled competition from supermarkets. Industry revenue grew in 2021-22 because of increasing health consciousness. Revenue is forecast to decline in 2023-24 because upstream cost increases will continue to be passed down by seafood processors and fishermen to retailers, on top of consumers reducing spending to cope with the rising cost of living. Industry revenue is expected to decrease at a compound annual rate of 2.6% over the five years through 2023-24, reaching £419.6 million.

The industry consists of specialised retailers that sell fish, shellfish and molluscs. This seafood can be sold in a natural chilled state, filleted, smoked, salted, curried or in ready-to-eat meals to be cooked at home. This industry excludes the retail sale of seafood by mass retailers such as supermarkets and department stores.

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