Reel well: Global demand will drive industry expansion

The Fishing and Seafood Aquaculture industry in Canada is expected to thrive over the five years to 2019 as exports and higher prices boost revenue. The industry catches and farms fish and shellfish from Canada's oceans, inland waterways as well as through aquaculture operations. Trade has driven the industry's rise over the past five years, boosted by econmic growth in Asian countries. A dampened growth of exports as a result of slower economic growth in Asian markets and a stronger currency is expected to reduce the industry's expansion over the five years to 2024. To support demand, the industry will continue its transition to aquaculture, the more economically reliable and environmentally friendly method of producing fish and seafood...read more.

Industry Statistics & Market Size
Revenue
$6bn
Annual Growth 14-19
7.7%
Forecast Growth 19-24
Profit
Employment
50,053
Businesses
19,453
Market Share of Companies

Industry Threats & Opportunities

  • The depreciation of the dollar has made industry products more competitive
  • Exchange rates have made Canadian products competitive in the global market
  • Health trends hold potential to alter industry product consumption
  • Industry Report - Starting a New Business Chapter

    The Fishing and Seafood Aquaculture industry in Canada has moderate barriers to entry. While accessible to moderately capitalized investors, entering the commercial fishing business does pose some logistical and financial hurdles. A licence must be secured and proper fishing equipment procured to begin operating in the industry. On the aquaculture side, barriers to entry are less intense. Small-scale fish farm operations simply require the routine feeding and observation of fish as well as occasional maintenance in the event of damage to the fish enclosure. Oyster, clam and some other mollusc aquaculture farms do not even require feeding as these organisms feed simply by eating algae and other materials naturally found in water...purchase to read more.

    Additional Insights for the Fishing & Seafood Aquaculture Industry

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

  • Must hold quota
  • Experienced work force
  • Overseas contacts
  • IBISWorld analysts also discuss how external factors such as Canadian effective exchange rate index and Demand from seafood preparation in the Fishing & Seafood Aquaculture industry impact industry performance..

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    What's in this report

    What is the Fishing & Seafood Aquaculture Industry?

    Operators in this industry produce fish and shellfish, such as molluscs and crustaceans, from sea fisheries, inland fisheries and aquaculture operations, such as fish farms.

    Industry Products
  • Wild-caught shellfish
  • Wild-caught finfish
  • Aquaculture finfish
  • Aquaculture shellfish
  • Industry Activities
  • Ocean fishing
  • Aquaculture
  • Inland fishing
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Canadian effective exchange rate index
  • Demand from seafood preparation
  • Per capita seafood consumption
  • Per capita disposable income

  • Current Performance
  • Aquaculture segment leads the industry forward
  • International trade
  • Industry structure
  • Chart: Revenue Growth

  • Industry Outlook
  • Domestic demand
  • Free trade agreements
  • Truncated expansion
  • Table: Fishing & Seafood Aquaculture Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Fishing & Seafood Aquaculture Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Animal Feed Production in Canada
  • Seafood Preparation in Canada
  • Jewellery Manufacturing in Canada
  • Wholesale Trade In Canada

  • Key Selling Industries
  • Boat Building in Canada
  • Electronic & Computer Repair Services in Canada
  • Machinery Maintenance & Heavy Equipment Repair Services in Canada
  • Ship Building in Canada
  • Wholesale Trade In Canada

  • Products & Services
  • Wild-caught shellfish
  • Aquaculture finfish
  • Wild-caught finfish
  • Aquaculture shellfish
  • Chart: Fishing & Seafood Aquaculture Industry Products and Services Segmentation

  • Demand Determinants
  • Prices
  • Income
  • Health concerns

  • Major Markets
  • Exports
  • Fresh and frozen seafood wholesalers and retailers
  • Food processing companies
  • Chart: Major Market Segmentation for the Fishing & Seafood Aquaculture Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitWagesPurchasesDepreciation
  • Chart: Cost Structure Benchmarking – Sector vs Fishing & Seafood Aquaculture

  • Basis of Competition
    Internal competitionExternal competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Fishing & Seafood Aquaculture Industry

  • Industry Globalization
    Cooke Aquaculture Inc., Mowi ASA,
  • Table: Cooke Aquaculture Inc. - financial performance
  • Table: Mowi ASA - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Fishing & Seafood Aquaculture Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Fishing & Seafood Aquaculture Industry
    Includes:
  • Industry Revenue (2010-2024)
  • Industry Gross Product (2010-2024)
  • Establishments (2010-2024)
  • Businesses (2010-2024)
  • Employment (2010-2024)
  • Exports (2010-2024)
  • Imports (2010-2024)
  • Wages (2010-2024)
  • Seafood Consumption per capita (2010-2024)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Aquaculture
  • The controlled breeding, rearing and harvesting of fish and seafood in either freshwater or saltwater. Aquaculture is also referred to fish farming.
  • Finfish
  • A fisheries term for true fish as opposed to molluscs and crustaceans
  • Shellfish
  • A fisheries term for shell-bearing molluscs and crustaceans. The category does not include nonshell-bearing molluscs such as squids.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Fishing & Seafood Aquaculture market research report offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

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

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