DUBLIN — Research and Markets has announced the addition of the "Seafood Processing and Distribution" report to their offering.
The US seafood processing and distribution industry consists of about 550 processing companies with combined annual revenue of about $10 billion and about 2,000 distributor establishments (single-location companies or units of multi-location companies) with combined annual revenue of about $12 billion. Many companies are involved in both industry segments. Major companies include American Seafoods, Bumble Bee Foods, Red Chamber, Tri Marine International, and Trident Seafoods.
The seafood processing industry is concentrated: the 50 largest processors account for about 70 percent of segment revenue. The seafood distribution industry is fragmented: the 50 largest distributors account for about one-third of segment revenue.
This industry profile covers the processing and wholesaling of both wild-caught and farm-raised seafood. Commercial fishing and aquaculture (fish farming) are covered in separate industry profiles.
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.
PRODUCTS, OPERATIONS & TECHNOLOGY
Major products include fresh and frozen seafood (80 percent of processing revenue); and canned and cured seafood (15 percent). Other products include fish meal and fish oil.
Important frozen fish products are groundfish (cod, haddock, pollock, and whiting) that is either battered and breaded, processed plain, cut into fillets or steaks, or formed into sticks.
Key Topics Covered:
Industry Overview
Quarterly Industry Update
Business Challenges
Trends AND Opportunities
Call Preparation Questions
Financial Information
Industry Forecast
Website and Media Links
Glossary of Acronyms
Source: Research & Markets
