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Seafood Processing in the UK: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Seafood Processing Market Research Report | SIC C10.200 | Feb 2017

A good catch: Increasing health consciousness is set to boost revenue over the next five years

IBISWorld’s Seafood Processing 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.

Report Snapshot
Market Share of Companies
Icelandic Group UK Ltd Icelandic Group UK Ltd market share
Young's Seafood Ltd Young's Seafood Ltd market share
Industry Statistics & Market Size
Annual Growth 12-17
Annual Growth 17-22
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Industry Threats & Opportunities
  • The depreciation of the pound is expected to hinder domestic demand, but support exports
  • Export revenue is anticipated to increase in the current year owing to the fall in the value of the pound
  • Increasing awareness of the health benefits of seafood are expected to support industry expansion
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Industry Analysis & Industry Trends

The industry comprises operators that fillet, can, preserve, salt, freeze and transform seafood into products that are purchased by supermarkets and specialist retailers and sold to the food-service and catering sectors. The industry expanded after shrinking during the first year of the period when domestic demand fell due to severe household spending pressures. However, rebounding economic conditions, higher real incomes and increasing awareness of healthy eating propelled domestic demand during the following years, allowing industry revenue to grow. Fish catch volumes also increased, despite remaining considerably depressed, and supported growth. Meanwhile, exports grew from the middle part of the period and contributed positively... purchase to read more

Industry Report - Starting a New Business Chapter

The Seafood Processing industry exhibits moderate barriers to entry. The industry is becoming more concentrated due to the trend towards consolidation. The top two companies currently account for an estimated 21.6% of industry revenue. The key reason for market share concentration increasing is that large-scale production is necessary if firms are to compete effectively for the largest and most valuable contracts. These contracts are the dominant source of revenue for industry operators and supermarkets have continued to expand. Therefore, barriers to entry exist to some extent in the scale and scope of the largest processors and the difficulty of competing for the larger contracts for new entrants.

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Additional Insights for the Seafood Processing Industry

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

  • Optimum capacity utilisation
  • Market research and understanding
  • Economies of scope
  • IBISWorld analysts also discuss how external factors such as Seafood catch volumes and Health consciousness in the Seafood Processing industry impact industry performance... purchase to read more


    Industry ProductsRelated Reports

    What is the Seafood Processing Industry?

    Industry operators process fish, molluscs, crustaceans and other seafood. The industry includes factory ships that process seafood, unless they also engage in fishing activities, and excludes the processing of products derived from marine mammals. The preparation of frozen-fish dishes and the manufacture of fish soups also fall outside the scope of the industry.

    Industry Products
    Canned seafoodSmoked, dried and salted seafoodFrozen seafoodFishmeal and other productsSeafood in batter or breadcrumbs
    Industry Activities
    Preparing fish, crustaceans, molluscs and affiliated productsFreezing, canning and preservation of fish, crustaceans and molluscsProcessing seaweedProducing fishmeal

    Table of Contents
    About this Industry
    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry at a Glance
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Industry Performance
    Executive Summary
    Key External Drivers
  • Seafood catch volumes
  • Health consciousness
  • Household expenditure on fish
  • Demand from seafood retailers
  • Landed price index of seafood
  • Current Performance
  • Catch volumes
  • Demand trends
  • Import competition
  • Profitability muted
  • Regulatory changes
  • Chart: Revenue Growth
  • Industry Outlook
  • Demand rebounds
  • Intense competition
  • Scottish independence
  • Constrained margins
  • Table: Seafood Processing Industry Revenue Outlook
  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Seafood Processing Industry Lifecycle vs The Economy
  • Products & Markets
    Supply Chains
  • Key Buying Industries
  • Seafood Processing
  • Supermarkets
  • Seafood Retailers
  • Food-Service Contractors
  • Key Selling Industries
  • Aquaculture
  • Marine Fishing
  • Products & Services
  • Frozen seafood
  • Canned seafood
  • Smoked, dried and salted seafood
  • Seafood in batter or breadcrumbs
  • Fishmeal and other products
  • Chart: Seafood Processing Industry Products and Services Segmentation
  • Demand Determinants
    Major Markets
  • Supermarkets
  • Exports
  • Wholesalers
  • Fishmongers
  • Direct sales
  • Chart: Major Market Segmentation for the Seafood Processing Industry
  • International Trade
    Business Locations
  • Chart: Business Locations by State
  • Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Purchases
  • Wages
  • Depreciation and other costs
  • Chart: Cost Structure Benchmarking – Sector vs Seafood Processing
  • Basis of Competition
  • Internal competition
  • External competition
  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Seafood Processing Industry
  • Industry Globalization
    Major Companies
    Young's Seafood Ltd
    Icelandic Group UK Ltd
  • Table: Young's Seafood Ltd - financial performance
  • Table: Icelandic Group UK Ltd - financial performance
  • Operating Conditions
    Capital Intensity
  • Chart: Level of Capital Intensity for the Seafood Processing Industry
  • Chart: Tools of the Trade: Growth Strategies for Success
  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth
  • Regulation & Policy
    Industry Assistance
    Key Statistics
  • Table: Industry Data for the Seafood Processing Industry
  • Includes:
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Exports (2008-2022)
  • Imports (2008-2022)
  • Wages (2008-2022)
  • Table: Annual Percentage Change for Key Industry Data
  • Table: Key Ratios for Industry Key Data
  • Jargon & Glossary
  • The cultivation of aquatic animals, especially fish and shellfish, in natural or controlled marine or freshwater environments primarily for use as food.
  • Blast Freezer
  • A freezer that cools food rapidly to ensure the water inside it forms small crystals. This preserves the food's flavour and is better than a slower freezing process.
  • Landed Price Index
  • A measure of the average price of seafood at the dock or the price that fishermen receive per tonne.

  • Why Buy this Report?
    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 Processing:
    • 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 Seafood Processing 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 Processing, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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