$24.6bn
$XXX.Xm
22,629
3,307
$X.Xbn
The US Fish and seafood Wholesale industry has undergone considerable changes in recent years, influenced by shifting consumer preferences, technological advancements and global market dynamics. As an essential intermediary between seafood producers and retailers, wholesalers have faced increasing pressure to adapt to emerging trends. Despite these challenges, the industry remains a stable contributor to the US economy, though its growth has slowed due to market saturation. The ongoing need for innovation and adaptation highlights the importance of understanding recent developments and future projections in this critical sector. Still, due to surging producer seafood prices, industry-wide revenue has grown at an average annualized 0.5% over the past five years. It is expected to total $24.6 billion in 2024, when revenue will rise by an estimated 0.6%. Industry profit will expand to account for 2.3% of revenue in 2024.
Industry revenue has grown at a CAGR of 0.5 % over the past five years, to reach an estimated $24.6bn in 2024.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2024 | Revenue ($m)
2024 | Profit ($m)
2024 | Profit Margin (%)
2024 |
---|---|---|---|---|
Us Foods Holding Corp. | 6,965.6 | 235.8 | 3.4 | |
Sysco Corporation | 3,269.5 | 147.6 | 4.5 | |
Bumble Bee Foods LLC | 249.7 | 5.9 | 2.4 |
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Industry revenue is measured across several distinct product and services lines, including Fresh finfish, Fresh shellfish and Frozen fish and seafood. Fresh finfish is the largest segment of the Fish & Seafood Wholesaling in the US.
Shellfish staying fresh
Establishments in this industry primarily wholesale fish and seafood; canned or packaged frozen products are excluded from the industry. This industry does not include manufacturers’ sales branches and offices (MSBOs) where the wholesaling and preparation of seafood products occur as one undifferentiated operation; revenue from such MSBO’s are included under the scope of the Seafood Preparation industry (IBISWorld 31171).
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NAICS 42446 - Fish & Seafood Wholesaling in the US
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
The amount of seafood being consumed is rising. This is because it presents a healthy substitute for red meat and poultry.
Learn about an industry's products and services, markets and trends in international trade.
Consumers' main choices are fresh shellfish and finfish, as they avoid frozen meals. This trend is seen more as consumer income rises.
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
The best locations for seafood wholesalers are near the water. Most businesses are near large bodies of water, like the Atlantic and Pacific Oceans, the Great Lakes and the G...
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
The primary competing industries include beef, pork, egg and poultry wholesaling. Each of these commodities offers a good substitute for protein found in seafood.
Learn about the performance of the top companies in the industry.
Bumble Bee Foods is the only company that consists of 5.0% of the market by offering a wide variety of seafood products at competitive prices. It is a private business and ha...
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
The Federal Drug Administration regulates storage and manufacturing quality. This ensures and protects consumers' health by maintaining stringent standards for public well-be...
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
The industry is labor-intensive. The supply chain process requires significant human resources to obtain and transport products efficiently and effectively.
Including values and annual change:
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Key data sources in the US include:
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
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IBISWorld’s analysts and data scientists use the sources above to create forecasts for our proprietary datasets and industry statistics. Depending on the dataset, they may use regression analysis, multivariate analysis, time-series analysis or exponential smoothing techniques to project future data for the industry or driver. Additionally, analysts will leverage their local knowledge of industry operating and regulatory conditions to impart their best judgment on the forecast model.
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The market size of the Fish & Seafood Wholesaling in the US industry in United States is $24.6bn in 2024.
There are 3,307 businesses in the Fish & Seafood Wholesaling in the US industry in United States, which has declined at a CAGR of 0.8 % between 2019 and 2024.
The market size of the Fish & Seafood Wholesaling in the US industry in United States has been growing at a CAGR of 0.5 % between 2019 and 2024.
Over the next five years, the Fish & Seafood Wholesaling in the US industry in United States is expected to grow.
The biggest companies operating in the Fish & Seafood Wholesaling market in United States are Us Foods Holding Corp., Sysco Corporation and Bumble Bee Foods LLC
Wholesaling fish (except canned or packaged frozen) and Wholesaling cured fish are part of the Fish & Seafood Wholesaling in the US industry.
The company holding the most market share in United States is Us Foods Holding Corp..
The level of competition is moderate and increasing in the Fish & Seafood Wholesaling in the US industry in United States.