Keepin' it reel: Rising disposable income and health consciousness will foster industry revenue growth

The Fish and Seafood Wholesaling industry in Canada has grown over the past five years. Rising health consciousness and per capita disposable income have encouraged Canadians to spend more on increasingly expensive fish and seafood, which are often considered healthier protein options, both at home and at restaurants. This has encouraged food retailers and food service establishments to increase their purchases from industry wholesalers, leading to revenue growth. Over the five years to 2024, the industry is expected to continue growing. Similar to the past five years, growth in per capita disposable income and increasing health consciousness are expected to assist industry growth...read more.

Industry Statistics & Market Size
Revenue
$7bn
Annual Growth 14-19
2.8%
Forecast Growth 19-24
Profit
Employment
6,659
Businesses
1,114
Market Share of Companies
There are no companies with a dominant market share in this industry

Industry Threats & Opportunities

  • Rising health consciousness has encouraged Canadians to spend more on fish and seafood
  • Canadians are increasingly demanding more diverse and exotic kinds of fish and seafood
  • Downstream demand from restaurants is expected to increase over the next five years
  • Industry Report - Industry Key Buyers Chapter

    The Fish and Seafood Wholesaling industry in Canada has a very low level of market share concentration, with the industry’s four largest companies together controlling less than 5.0% of the overall market. Based on data sourced from Statistics Canada, IBISWorld estimates that nearly 40.0% of industry enterprises are nonemployers, implicitly limiting the size and scope of these operations and contributing to industry fragmentation. Of the remaining operators that employ workers, nearly 35.0% employ fewer than five workers and 60.8% employ between five to 99 workers. IBISWorld estimates that less than 5.0% of employing operators employ more than 100 workers, with only one industry establishment employing more than 500 workers...purchase to read more.

    Additional Insights for the Fish & Seafood Wholesaling Industry

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

  • Having contacts within key markets
  • Guaranteed supply of quality inputs
  • Ability to control stock on hand
  • IBISWorld analysts also discuss how external factors such as Demand from food services and drinking places and Demand from supermarkets and grocery stores in the Fish & Seafood Wholesaling industry impact industry performance..

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    What's in this report

    What is the Fish & Seafood Wholesaling Industry?

    Establishments in this industry primarily wholesale fish and seafood for human consumption. Canned and packaged frozen fish and seafood products are excluded from this industry (see the Frozen Food Wholesaling industry in Canada, IBISWorld report 41319CA). The wholesaling of fish and seafood that are frozen, but not packaged, are included among this industry’s operations.

    Industry Products
  • Other groundfish
  • Other pelagic and finfish
  • Shrimp
  • Lobster
  • Queen crab
  • Other shellfish
  • Halibut, Greenland turbot, herring, salmon and tuna
  • Industry Activities
  • Wholesaling fish (except canned or packaged frozen)
  • Wholesaling cured fish
  • Wholesaling fresh fish
  • Wholesaling fresh seafood
  • Wholesaling unpackaged frozen fish
  • Wholesaling unpackaged frozen seafood
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Demand from food services and drinking places
  • Demand from supermarkets and grocery stores
  • Per capita disposable income
  • Per capita seafood consumption
  • Per capita meat consumption

  • Current Performance
  • Health, prices and income
  • Trade
  • Profit and efficiency
  • Chart: Revenue Growth

  • Industry Outlook
  • Domestic demand slows
  • Trade
  • Profit
  • Table: Fish & Seafood Wholesaling Industry Revenue Outlook

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

  • Supply Chains
    Key Buying Industries
  • Seafood Preparation in Canada
  • Grocery Wholesaling in Canada
  • Supermarkets & Grocery Stores in Canada
  • Specialty Food Stores in Canada
  • Caterers in Canada

  • Key Selling Industries
  • Agriculture, Forestry, Fishing and Hunting In Canada

  • Products & Services
  • Lobster
  • Queen crab
  • Other shellfish
  • Shrimp
  • Halibut, Greenland turbot, herring, salmon and tuna
  • Other groundfish
  • Other pelagic and finfish
  • Other
  • Chart: Fish & Seafood Wholesaling Industry Products and Services Segmentation

  • Demand Determinants
  • Price of seafood
  • Health consciousness
  • Demand for seafood abroad

  • Major Markets
  • Groceries and other food retailers
  • Restaurants and other food service establishments
  • Grocery wholesalers
  • Other markets, including food manufacturers
  • Chart: Major Market Segmentation for the Fish & Seafood Wholesaling Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Purchases
  • Wages
  • Depreciation and other
  • Chart: Cost Structure Benchmarking – Sector vs Fish & Seafood Wholesaling

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Fish & Seafood Wholesaling Industry

  • Industry Globalization
    There are no major players in this industry. This report includes analysis of other companies.
    Capital Intensity
  • Chart: Level of Capital Intensity for the Fish & Seafood Wholesaling 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 Fish & Seafood Wholesaling Industry
    Includes:
  • Industry Revenue (2010-2024)
  • Industry Gross Product (2010-2024)
  • Establishments (2010-2024)
  • Businesses (2010-2024)
  • Employment (2010-2024)
  • Wages (2010-2024)
  • Per capita seafood consumption (2010-2024)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Aquaculture
  • The farming of aquatic organisms such as fish, crustaceans, mollusks and aquatic plants.
  • Shellfish
  • A fisheries term for shellbearing mollusks and crustaceans.
  • Wholesale Bypass
  • A trend in which manufacturers are increasingly selling their output directly to retailers, leaving wholesalers out of the value added chain.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Fish & Seafood Wholesaling market research report is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.

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

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