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 more.

Industry Statistics & Market Size
Annual Growth 14-19
Forecast Growth 19-24
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 - Industry Products Chapter

    Wild-caught shellfishShellfish caught in the wild represents the largest product category for the Fishing and Seafood Aquaculture industry in Canada, generating 60.6% of the industry's revenue. Lobster accounts for more than 45.8% of this category, while crab accounts for an estimated 30.4% of the category. These shellfish, especially lobster and crab, command much higher prices than finfish, which contributes to the high share of revenue that shellfish capture for the industry. While shellfish represents about one-sixth of total industry output measured by weight, their extremely high prices have established them as a focal concern for industry operations. Other species caught include scallops, clams, sea urchins, whelks, oysters and sea cucumbers. Thi...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
  • 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
  • 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
  • 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.
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    Why buy this report?

    IBISWorld’s Fishing & Seafood Aquaculture market research report provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report identifies the leading companies and offers strategic industry analysis of the key factors influencing the market.

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    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

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