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