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2024 U.S. Industry Statistics & Market Forecast - Fish and Seafood Merchant Wholesalers


Market Size & Industry Statistics

The total U.S. industry market size for Fish and Seafood Merchant Wholesalers: Industry statistics cover all companies in the United States, both public and private, ranging in size from small businesses to market leaders. In addition to revenue, the industry market analysis shows information on employees, companies, and average firm size.

Investors, banks, and business executives use growth rates and industry trends to understand the market outlook and opportunity.

Charts and graphs can be copied to Microsoft Word and Powerpoint presentations.

Statistics        2019        2020        2021        2022        2023
Market Size
(Total Sales/Revenue)


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Total Firms
Total Employees
Average Revenue Per Firm
Average Employees Per Firm
Average Revenue Per Employee
Statistics Source: U.S. Census, AnythingResearch Analysis of Federal Data



Market Forecast

Market forecasts show the long term industry outlook and future growth trends. The following extended five-year forecast projects both short-term and long-term trends.





Forecast / Industry Outlook 2024 2025 2026 2027 2028
Market Forecast ($ millions)
Projected Industry Growth Rate (%)
Source: AnythingResearch Economic Analysis

Industry Insights

The Fish & Seafood Merchant Wholesalers industry is being impacted by several key trends.

Firstly, sustainability has become a critical issue. Consumers are becoming more aware of the negative impact of overfishing and are demanding that suppliers source seafood in an environmentally responsible manner. Suppliers must ensure that their seafood is caught or farmed in a way that does not harm the surrounding environment or endanger species.

Secondly, technology is changing the way that fish and seafood is distributed and sold. E-commerce platforms are becoming increasingly popular, allowing suppliers to reach a wider audience and provide customers with the convenience of online ordering.

Thirdly, there is a growing demand for premium, higher-quality seafood products. Consumers are willing to pay a premium for specialty items such as sushi-grade tuna, wild-caught salmon, and lobster tails. As a result, suppliers are focusing more on offering higher-end products to meet this demand.

In addition, there is a shift towards healthier diets that include more seafood consumption. This trend has been driven by growing awareness of the health benefits of eating seafood, including its high protein content and Omega-3 fatty acid content.

Lastly, the COVID-19 pandemic has had a significant impact on the industry, disrupting supply chains and changing consumer behavior. With more people cooking at home, there has been an increased demand for seafood products that can be easily prepared at home. Furthermore, there has been a shift towards more sustainable and locally sourced seafood, as consumers are increasingly prioritizing food security and supporting local businesses.



Product & Services Breakdown

Research products and services in the Fish and Seafood Merchant Wholesalers industry generating sales. Note that products are broken into categories with different levels of classification.

Product DescriptionNumber of Companies Sales ($ millions) Percent of Total Sales

Industry Total

Packaged Frozen Food

Frozen Fish And Seafood Products

Fish And Seafood, Excluding Canned And Frozen Fish And Seafood



U.S. Geographic Distribution: Revenue Statistics by State

Market Size by State ($ millions) indicates how the industry's competition is distributed throughout the country. State-level information can identify areas with higher and lower industry market share than average.

U.S. map by state

Income Statement (Average Financial Metrics)

Financial metrics provide a snapshot view of a benchmark "average" company. Key business metrics show revenue and operating costs. The data collected covers both public and private companies.

Industry AveragePercent of Sales
(Industry Benchmark)
Total Revenue

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Operating Revenue
Cost of Goods Sold
Gross Profit

Operating Expenses
Pension, profit sharing plans, stock, annuity
Repairs
Rent paid on business property
Charitable Contributions
Depletion
Domestic production activities deduction
Advertising
Compensation of officers
Salaries and wages
Employee benefit programs
Taxes and Licenses
Bad Debts
Depreciation
Amortization
Other Operating Expenses
Total Operating Expenses
Operating Income
Non-Operating Income
EBIT (Earnings Before Interest and Taxes)
Interest Expense
Earnings Before Taxes
Income Tax
Net Profit
Net Income
 
Source: AnythingResearch Analysis of U.S. federal statistics




Financial Ratio Analysis

Financial ratio information can be used to benchmark how a Fish and Seafood Merchant Wholesalers company compares to its peers. Accounting statistics are calculated from the industry-average for income statements and balance sheets.

Profitability & Valuation RatiosIndustry Average
Company valuation can be measured based on the firm's own performance, as well as in comparison against its industry competitors. These metrics show how the average company in the Fish and Seafood Merchant Wholesalers industry is performing.
Profit Margin
Gross Profit Margin, Operating Profit Margin, and Net Profit Margin. Show company earnings relative to revenues.
Return on Equity (ROE)
Return on Equity (ROE) is net income as a percentage of shareholders' equity. Shareholders' Equity is defined as the company's total assets minus total liabilities. ROE shows how much profits a company generates with the money shareholders invested (or with retained earnings).
Return on Assets (ROA)
Return on Assets (ROA) is net income relative to total assets. The market research on Fish and Seafood Merchant Wholesalers measures how efficiently the company leverages its assets to generate profit. ROA is calculated as Net Income divided by Total Assets.


Liquidity RatiosIndustry Average
Bankers and suppliers use liquidity to determine creditworthiness and identify potential threats to a company's financial viability.
Current Ratio
Measures a firm's ability to pay its debts over the next 12 months.
Quick Ratio (Acid Test)
Calculates liquid assets relative to liabilities, excluding inventories.


Efficiency Ratios - Key Performance IndicatorsIndustry Average
Measure how quickly products and services sell, and effectively collections policies are implemented.
Receivables Turnover Ratio
If this number is low in your business when compared to the industry average in the research report, it may mean your payment terms are too lenient or that you are not doing a good enough job on collections.
Average Collection Period
Based on the Receivables Turnover, this estimates the collection period in days. Calculated as 365 divided by the Receivables Turnover
Inventory Turnover
A low turnover rate may point to overstocking, obsolescence, or deficiencies in the product line or marketing effort.
Fixed-Asset Turnover
Generally, higher is better, since it indicates the business has less money tied up in fixed assets for each dollar of sales revenue.



Compensation & Salary Surveys for Employees

Compensation statistics provides an accurate assessment of industry-specific jobs and national salary averages. This information can be used to identify which positions are most common, and high, low, and average annual wages.

TitlePercent of WorkforceBottom Quartile Average (Median) SalaryUpper Quartile
Management Occupations 9%

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Chief Executives0%
General and Operations Managers4%
Business and Financial Operations Occupations 6%
Sales and Related Occupations 18%
Sales Representatives, Wholesale and Manufacturing 14%
Sales Representatives, Wholesale and Manufacturing 14%
Sales Representatives, Wholesale and Manufacturing, Except Technical and Scientific Products 12%
Office and Administrative Support Occupations 14%
Production Occupations 5%
Transportation and Material Moving Occupations 36%
Motor Vehicle Operators 15%
Driver/Sales Workers and Truck Drivers 15%
Heavy and Tractor-Trailer Truck Drivers 8%
Material Moving Workers 19%
Laborers and Material Movers 17%
Laborers and Freight, Stock, and Material Movers, Hand 8%
Stockers and Order Fillers 7%
Source: Bureau of Labor Statistics


Fish and Seafood Merchant Wholesalers Competitor Landscape & Key Companies [PREMIUM]

The most influential companies in the Fish and Seafood Merchant Wholesalers industry and adjacent industries either have large market share or are developing new business models and methods that could disrupt the status quo. We look at leading and emerging companies in the Fish and Seafood Merchant Wholesalers industry and adjacent sectors:

Market Leaders:
Direct Competitors

Companies with the largest market share, focused in this industry
Market leaders:
Diversified Competitors

Largest companies that have diversified operations in this and other industries
Innovators:
Direct Competitors

Innovative, Emerging, and Disruptive Companies that may influence the future direction of the industry.
Innovators:
Diversified Competitors

Innovators and Disruptors in adjacent industries that may also affect the Fish and Seafood Merchant Wholesalers industry.
Source:
IncFact


Recent Federal Contracts for Fish and Seafood Merchant Wholesalers

  • Feb 08, 2024: EMA FOODS CO LLC (Tupelo, MS) awarded $51,776
  • Jan 03, 2024: PUEBLO TRADING CO INC (Los Angeles, CA) awarded $49,382