Left reeling: Weak consumer confidence has aggravated external competition and caused revenue to fall

The Seafood Retailers industry consists of specialised retailers that sell fish, shellfish and molluscs. Mounting competition from supermarkets, changing consumer trends and the effects of the EU referendum are expected to be the primary influences on the performance of seafood retailers over the five years through 2018-19. Supermarkets have been drawing demand away from industry operators over the past five years, and as a result, specialist seafood retailers have been accounted for a declining share of the total seafood market. Over the five years through 2018-19, industry revenue is forecast to decline at a compound annual rate of 0.1%. In the current year, revenue is projected to fall by 3.1% to £358.3 million...read more.

Industry Statistics & Market Size
Revenue
£358.3m
Annual Growth 14-19
-0.1%
Forecast Growth 19-24
Profit
Employment
2,873
Businesses
1,157
Market Share of Companies
There are no companies with a dominant market share in this industry

Industry Threats & Opportunities

  • The comparatively low prices in supermarkets have drawn demand away from the industry
  • The outbreak of a price war between supermarkets has resulted in strong pricing pressure for the industry
  • If the pound remains weak for a prolonged period, competition from supermarkets could weaken
  • Industry Report - Industry Products Chapter

    Fresh and frozen fishThe fresh and frozen fish product segment includes a wide variety of fish species that are sold in the United Kingdom. Consumers often visit fishmongers because of the better quality of the fish, and to inquire on the different types available and the various methods of preparations. Therefore, it is no surprise that this segment accounts for the largest proportion of revenue, at an estimated 47.1% of the total. Fresh fish is thought to have higher nutritional value than frozen, so health concerns have driven sales of fresh products. However, frozen items tend to be cheaper and the preservation allows for longevity of the product.The four most commonly sold fish are tuna, cod, salmon and haddock. Con...purchase to read more.

    Additional Insights for the Seafood Retailers Industry

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

  • Ability to pass on cost increases
  • Access to high quality inputs
  • Access to highly skilled workforce
  • IBISWorld analysts also discuss how external factors such as Household expenditure on fish and Demand from supermarkets in the Seafood Retailers industry impact industry performance..

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    What's in this report

    What is the Seafood Retailers Industry?

    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.

    Industry Products
  • Fresh and frozen fish
  • Fresh and frozen shellfish
  • Canned seafood
  • Salted, smoked and cured fish
  • Other seafood
  • Industry Activities
  • Retailing fish
  • Retailing shellfish
  • Retailing molluscs
  • Preparing seafood for cooking
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Household expenditure on fish
  • Demand from supermarkets
  • Landed price index of seafood
  • Real household disposable income
  • Seafood catch volumes
  • Health consciousness

  • Current Performance
  • EU referendum
  • Intense competition
  • Attracting demand
  • Consumers hooked
  • Chart: Revenue Growth

  • Industry Outlook
  • EU referendum
  • Consumer awareness
  • Pushing the boat out
  • Fish out of water
  • Table: Seafood Retailers Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Seafood Retailers Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Consumers

  • Key Selling Industries
  • Aquaculture
  • Marine Fishing
  • Seafood Processing

  • Products & Services
  • Fresh and frozen fish
  • Fresh and frozen shellfish
  • Salted, smoked and cured fish
  • Canned seafood
  • Other seafood
  • Chart: Seafood Retailers Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Highest quartile income earners
  • Second-highest quartile income earners
  • Third-highest quartile income earners
  • Lowest quartile income earners
  • Chart: Major Market Segmentation for the Seafood Retailers Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitPurchasesWagesOther costs
  • Chart: Cost Structure Benchmarking – Sector vs Seafood Retailers

  • Basis of Competition
    Internal competitionExternal competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Seafood Retailers 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 Seafood Retailers 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 Seafood Retailers Industry
    Includes:
  • Industry Revenue (2010-2024)
  • Industry Gross Product (2010-2024)
  • Establishments (2010-2024)
  • Businesses (2010-2024)
  • Employment (2010-2024)
  • Wages (2010-2024)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Aquaculture
  • The farming of fish, shellfish, algae, plants and other organisms in marine and freshwater environments.
  • Discarding
  • The practice of throwing parts of a catch back into the sea, due to factors such as quota restrictions or the fish being considered unmarketable.
  • Landing Price
  • The price for the product at landing point.
  • Shellfish
  • Aquatic animal that has a shell.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Seafood Retailers 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 Seafood Retailers:
    • 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 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 Seafood Retailers 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 Seafood Retailers, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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