First Research US Industry Profile

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Commercial Fishing
SIC Codes: 0912, 0913, 0919
NAICS Codes: 11411
Last Quarterly Update: 5/9/2022
Companies in this industry catch wild finfish, shellfish, and other marine products from their natural habitats. Major companies include Cooke Aquaculture (Canada), Maruha Nichiro and Nippon Suisan Kaisha (both based in Japan), and Trident Seafood (the US). Large commercial fishing companies tend to be vertically integrated, encompassing fishing, freezing, and processing operations; smaller companies may have fishing operations only.
The global seafood market is forecast to reach about $340 billion by 2025, according to Statista. The European Union was the top exporter of fish and fishery products worldwide in 2020, at about $40 billion, followed by China, accounting for over $20 billion in fish and fishery exports. Canada, India, and China are major importers of seafood. Leading seafood exporters include China, Canada, and Japan.
The US commercial fishing industry includes about 2,400 establishments (single-location companies and units of multi-location companies) with combined annual revenue of about $6 billion.
Seafood processing and distribution 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 maximizing yield without depleting stocks. Industrial fisheries have advantages in fleet size and access to experienced crew members. Small-scale and “artisan” fisheries can compete effectively by serving a local market or by specializing in ultra-fresh fish. The US industry is highly fragmented: more than 90% of companies operate a single establishment and have four or fewer employees.
Products, Operations & Technology
Major marine and freshwater products include oysters (over 50%), clams (about 30%), salmon (15%), shrimp (3%), and mussels (2%). ... plus:
Sales & Marketing
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Finance & Regulation
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Regional & International Issues
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Human Resources
Also includes the following chapters:
Quarterly Industry Update
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Industry Indicators
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Business Challenges
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Trends and Opportunities
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Call Preparation Questions
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Financial Information
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Industry Forecast
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Industry Websites
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Glossary of Acronyms

Historical Profiles (PDF format)

04/11/2022
12/20/2021
09/13/2021
05/24/2021
02/22/2021
12/14/2020
11/09/2020
06/29/2020
03/09/2020
05/06/2019
02/04/2019
10/29/2018
07/30/2018
04/30/2018
01/29/2018
10/23/2017
07/31/2017
05/01/2017
01/30/2017
10/24/2016
07/25/2016
04/25/2016
01/25/2016
10/19/2015
07/20/2015
04/20/2015
01/26/2015
10/27/2014
08/04/2014
05/12/2014
02/17/2014
11/11/2013
08/19/2013
05/27/2013
03/04/2013
11/26/2012
09/03/2012
06/18/2012
03/26/2012
12/05/2011
09/12/2011
06/06/2011
02/28/2011
11/08/2010
08/16/2010
05/10/2010
01/11/2010