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Seafood Retailers in the UK: Market Research Report

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

Seafood Retailers Market Research Report | SIC G47.230 | Dec 2016

Against the tide: The industry has struggled to win customers back from supermarkets

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.

Report Snapshot
Market Share of Companies
There are no companies with a dominant market share
Industry Statistics & Market Size
Revenue
£347m
Annual Growth 12-17
0.6%
Annual Growth 17-22
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Profit
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Employment
2,684
Businesses
1,113
Industry Analysis & Industry Trends

Intensifying competition, changing consumer trends and the lingering effects of the economic downturn are expected to have a major influence on the performance of seafood retailers over the five years through 2016-17. Competition, mostly from supermarkets, has diverted revenue away from specialised retailers. Large chain stores such as Tesco and Morrisons have been encroaching on industry operations by increasing the range of seafood products offered. Consumers have been drawn to supermarkets by lower prices, wider product ranges and greater convenience. Over the five years through 2016-17, industry revenue is estimated to increase at a compound annual rate of 0.6% to total £347.2 million.

The landed price of seafood has increased over the past decade... purchase to read more

Industry Report - Industry Products Chapter

Fresh and frozen fish

The fresh and frozen fish product category includes a wide variety of fish species that are sold in the United Kingdom. Consumers often visit fishmongers because of the 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 most revenue; IBISWorld estimates that 46.6% of industry revenue is from the sale of fresh and frozen fish. Fresh seafood is thought to have higher nutritional value than frozen, so health concerns have driven sales for the products. However, frozen items tend to be cheaper and the preservation allows for longevity of the product.

The four most commonly sold are tuna, cod, salmon and haddock. Con.. purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Seafood Retailers Industry?

The industry consists of specialised retailers who 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 fishFresh and frozen shellfishCanned seafoodSalted, smoked and cured fishOther seafood
 
Industry Activities
Fish retailingShellfish retailingMolluscs retailingPreparing seafood for cooking


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