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New Release : Fish and Shellfish Market Research and Analysis in US 2014

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New Release : Fish and Shellfish Market Research and Analysis in US 2014

Most up-to-date research on "Fish and Shellfish - US - October 2014" to its huge collection of research reports.

The US fish and shellfish category grew moderately between 2009 and 2014, reaching $16.7 billion, and is expected to continue growing at this pace into 2019, reaching $20.1 billion. Sales are largely driven by consumer perceptions that fish and shellfish are healthier than other meats, although consumers surveyed by Mintel are most apt to cite taste as the number one reason for eating fish/shellfish. Brands should continue to focus on taste and nutrition to drive sales, emphasizing specific attributes such as high omega-3 content and improved flavor ranges.

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Table of Content

Scope and Themes

What you need to know
Definition
Data sources
Sales data
Consumer survey data
Abbreviations and terms
Abbreviations

Executive Summary

Moderate growth expected between 2014 and 2019
Figure 1: Total US sales and fan chart forecast of fish and shellfish, at current prices, 2009-19
Fresh fish/shellfish comprises a majority of total sales
Figure 2: Total US retail sales of fish and shellfish, by segment, at current prices, 2014
Competitive category among key players
The consumer
Respondents very likely to buy canned/packaged, fresh fish once a month or more
Figure 3: Fish and shellfish purchase frequency (once a month or more), July 2014
Respondents equally likely to buy wild-caught and farm-raised fish/shellfish
Figure 4: Types of fish/shellfish purchased in last 3 months (any purchase), July 2014
Taste, nutrition should be focus of fish/shellfish marketing
Figure 5: Reasons for eating fish and/or shellfish, July 2014
Consumers want to see more different types of packaging
Figure 6: Product attributes consumers would like to see more of, July 2014
What we think

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Issues and Insights

How can brands increase consumption frequency?
Insight: Focus on flavor
How can fish/shellfish brands compete with other meats?
Insight: Compare the health attributes of fish/shellfish with other meats
How can fresh brands leverage consumer demand for fresh foods?
Insight: Equate freshness with nutrition, provide recipe ideas

Trend Application

Trend: The Power of One
Trend: Life Hacking
Trend: Patriot Games

Market Size and Forecast

Key points
Sales and forecast of fish and shellfish
Figure 7: Total US sales and forecast of fish and shellfish, at current prices, 2009-19
Figure 8: Total US sales and forecast of fish and shellfish, at inflation-adjusted prices, 2009-19
Fan chart forecast
Figure 9: Total US sales and fan chart forecast of fish and shellfish, at current prices, 2009-19
Fan chart methodology

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