Industry Analysis & Industry Trends
The Specialised Seafood Retailers industry experienced mixed fortunes over the past five years. In the five years through 2011-12, industry revenue is expected to decline an average 3.8% to reach £331.9 million. After declining revenue in 2007-08 and 2008-09 and a flat performance in 2009-10, the industry is expected to return to steady growth of 3.7% in 2011-12.
The decline in industry revenue was due to a combination of factors, including declining catch volumes, lower retail prices and falling demand. Many Britons see seafood, especially shellfish, as luxury commodities. This resulted in consumers turning away from seafood in 2008-09 and 2009-10 due poor economic conditions, higher unemployment and lower disposable incomes... purchase to read more
Industry Report - Industry Products Chapter
Chilled fish is the largest product segment in the Specialised Seafood Retailers industry. Specialised seafood retailers are positioned to provide fresh seafood to consumers. Fresh or chilled shellfish is also a large income earner for the industry. The majority of industry establishments are in coastal areas, selling locally caught produce.
Frozen fish is another major market for the industry, although smaller than the fresh market. The majority of frozen fish and shellfish sold by the industry are imported, with the majority coming from Norway, Spain and Denmark. The volume of frozen product, especially shellfish, is likely to increase in the next five years due to limited wild stock in British waters... purchase to read more