DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/gmf5ql/fish_and_seafood) has announced the addition of the "Fish and Seafood Trends in the U.S." report to their offering.
The retail market for fish and seafood will grow to $17.1 billion by 2017, with the overall compound annual growth rate for the retail fish and seafood market projected at 3.1% for the period.
Total retail sales of fish and seafood products exceeded $14.7 billion in 2012, up from $13.3 billion in 2008.
The fish and seafood industry is at a challenging crossroads. Dollar sales are up, yet unit sales and volume sales are down. Consumers look to fish and seafood as a healthier source of protein than meat and poultry, yet they worry more about spoilage and contamination of fish than they do of meat. In addition, marketers and retailers remain wary of aquaculture products even as they are urged by government and non-governmental agencies and marketers, retailers and foodservice operators to be concerned about the sustainability of major fish and seafood species.
The growth in dollar sales was offset by declines in both unit sales and volume sales in most retail fish and seafood categories, with the exceptions of the frozen fish/seafood segment (which includes both prepared and non-prepared fish and seafood products) and frozen raw shrimp.
The recessionary economy of 2008-2012 takes the blame for the unit and volume sales slowdown. Consumer use of private label alternatives to branded fish and seafood products took a giant leap forward between 2008 and 2012, going from less than 4% to over 30% over the four-year period as shopper wallets shrank and spending caution surged.
Going forward, the pace and robustness of the recovery will determine how overall sales improve for fish and seafood and which of the various categories will enjoy the highest growth.
Key Topics Covered:
Chapter 1: Executive Summary
Chapter 2: Market Overview
Chapter 3: Market Size and Trends
Chapter 4: Competitive Trends
Chapter 5: Product Trends and Opportunities
Chapter 6: Retail/Foodservice Trends
Chapter 7: Consumer Trends
For more information visit http://www.researchandmarkets.com/research/gmf5ql/fish_and_seafood