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2025 U.S. Industry Statistics & Market Forecast - Seafood Product Preparation and Packaging
Market Size & Industry Statistics
The total U.S. industry market size for Seafood Product Preparation and Packaging:
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.
| Statistics | 2020 2021 2022 2023 2024 | |
|---|---|---|
| Market Size (Total Sales/Revenue) |
Order at top of page | |
| Total Firms | ||
| Total Employees | ||
| Average Revenue Per Firm | ||
| Average Employees Per Firm | ||
| Average Revenue Per Employee | ||
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 | 2025 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|
| Market Forecast ($ millions) | |||||
| Projected Industry Growth Rate (%) | |||||
Industry Insights
Major trends affect the Seafood Product Preparation and Packaging industry include:- Increased demand for sustainable and ethically sourced seafood
- Rising popularity of plant-based and lab-grown seafood alternatives
- Stringent regulations and increasing emphasis on traceability
- Growth in seafood consumption in emerging markets
- Technological advancements in packaging and processing
- Impact of climate change on seafood supply chains
- Expansion of e-commerce and direct-to-consumer sales models
- Consumer preference for convenience and ready-to-eat seafood products
- Heightened focus on health and nutrition benefits of seafood
- Challenges related to overfishing and resource management
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.
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 Average | Percent of Sales (Industry Benchmark) |
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|---|---|---|
| Total Revenue | Order at top of page |
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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 | ||
Financial Ratio Analysis
Financial ratio information can be used to benchmark how a Seafood Product Preparation and Packaging company compares to its peers. Accounting statistics are calculated from the industry-average for income statements and balance sheets.| Profitability & Valuation Ratios | Industry 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 Seafood Product Preparation and Packaging industry is performing. | |
| Profit Margin Gross Profit Margin, Operating Profit Margin, and Net Profit Margin. Show company earnings relative to revenues. |
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| 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). |
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| Return on Assets (ROA) Return on Assets (ROA) is net income relative to total assets. The market research on Seafood Product Preparation and Packaging measures how efficiently the company leverages its assets to generate profit. ROA is calculated as Net Income divided by Total Assets. |
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| Liquidity Ratios | Industry 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. |
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| Quick Ratio (Acid Test) Calculates liquid assets relative to liabilities, excluding inventories. |
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| Efficiency Ratios - Key Performance Indicators | Industry 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. |
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| Average Collection Period Based on the Receivables Turnover, this estimates the collection period in days. Calculated as 365 divided by the Receivables Turnover |
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| Inventory Turnover A low turnover rate may point to overstocking, obsolescence, or deficiencies in the product line or marketing effort. |
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| 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. |
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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.| Title | Percent of Workforce | Bottom Quartile | Average (Median) Salary | Upper Quartile |
|---|---|---|---|---|
| Management Occupations | 4% | Order at top of page |
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| General and Operations Managers | 2% | |||
| Office and Administrative Support Occupations | 7% | |||
| Production Occupations | 53% | |||
| Food Processing Workers | 35% | |||
| Butchers and Other Meat, Poultry, and Fish Processing Workers | 30% | |||
| Meat, Poultry, and Fish Cutters and Trimmers | 30% | |||
| Other Production Occupations | 12% | |||
| Transportation and Material Moving Occupations | 20% | |||
| Material Moving Workers | 16% | |||
| Laborers and Material Movers | 15% | |||
| Packers and Packagers, Hand | 9% | |||
Seafood Product Preparation and Packaging Competitor Landscape & Key Companies [PREMIUM]
The most influential companies in the Seafood Product Preparation and Packaging 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 Seafood Product Preparation and Packaging 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 Seafood Product Preparation and Packaging industry. |
Source:
Latest Industry News
- This new seafood law will change restaurant menus on the MS Gulf Coast, leaving locals torn - You may start seeing "imported" shrimp listed on restaurant menus on your next trip to the Gulf Coast. Many hail it a win for the local seafood industry, but others aren't too pleased. (07/07/2025)
- FDA warns company about violations of seafood safety procedures - As part of its enforcement activities, the Food and Drug Administration sends warning letters to entities under its jurisdiction. Some letters are not (07/07/2025)
- New law draws excitement, confusion, changes to some Mississippi seafood menus - Mississippi’s new seafood labeling law went into effect Tuesday, forcing some Coast restaurants to make changes. Passed on June 10, an expansion of House Bill 602 requires all seafood and crawfish sold in the state to be labeled as either “domestic” or “imported” on all signage, menus, packaging and online listings. (07/03/2025)
- Yes, Tinned Fish Have Gotten Chic. But How Healthy Are They? - Tinned fish has never been more popular, but how healthy is this new food trend? Here, registered dietitian-nutritionist Lauren Manaker breaks it all down for us. (07/02/2025)
- Mississippi’s new seafood labeling law takes effect July 1 - Mississippi’s Seafood Labeling Law takes effect Tuesday, July 1, 2025, under the direction of the Mississippi Department of Agriculture and Commerce (MDAC) and the Mississippi Department of Marine Resources (MDMR). (07/01/2025)
- New Ecofood@Mandai Development Offers Tailored Food Factory Spaces In The North - SINGAPORE - Media OutReach Newswire - 26 June 2025 - A new food factory hub, EcoFood@Mandai, has officially launched in Singapore's northern region, (06/27/2025)
- New Mandai hub offers custom spaces for food businesses - The opening comes at a time when demand for food production space remains steady, driven by Singapore’s robust F&B sector and government initiatives to strengthen local food resilience. By offering customisable units for sale, (06/27/2025)
- Fish Recall Update for 3 States as FDA Sets Highest Risk Level - The FDA classified the recall as Class I, meaning there is a reasonable probability that eating the product will cause health problems or death (FDA Import Alert #16-74). Consumers are advised not to eat the fish, even if it does not look or smell spoiled, because toxins produced by C. botulinum are undetectable via appearance or taste. (06/25/2025)
- Hong Seafood casts a wider net with its own brands - Its clients include five-star hotels and established restaurants. “Going from blank and plain cartons to a more distinct packaging helped us to stand out against competitors. It’s about building recognition and being associated with quality.” Hong Seafood stores its frozen seafood products in its warehouse in Ubi. PHOTO: TAY CHU YI, BT (06/11/2025)
- Frozen Mackerel Market Poised for Strong Growth, Projected to Hit USD 2.3 Billion by 2035 | FMI - The global frozen mackerel market is poised to experience remarkable growth, reaching an estimated value of USD 1,328.3 million in 2025 and aiming for USD 2,312.3 million by 2035, growing at a compound annual growth rate (CAGR) of 5. (05/28/2025)
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