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What is the size of the fishing market and who are the major incumbent corporations in the space?
Hello and thank you for asking Wonder! I understand that you are seeking the size of the fishing market and major incumbents in the industry. The most helpful sources were market reports, such as from IBISWorld, and a report from National Oceanic and Atmospheric Administration. In short, the fishing industry in the US is worth around $6 billion, with 4.4 metric tons of edible and industrial commercial landings in 2015. Major incumbents in the industry include Trident Seafoods, Tri Marine Group, and American Seafoods Company.
MARKET SIZING
IBISWorld addresses the overall fishing market in the US for 2016. This market is made up of those that "primarily catch finfish, shellfish and miscellaneous marine products for commercial sale with little to no alteration or further processing". It does not include aquaculture or the companies that receive most of their revenues from processing. In the US, this market is worth $6 billion and had a CAGR of a little bit less than 1% from 2011-2016. There are 67,304 businesses in the industry, employing 72,210 people.
Statista reports different, but similar, figures, with a market size of around $6.445 billion in 2014 for fishing gross output. They also mention that, in terms of imports of fish and fishery products in the US, it was worth $20.317 billion. The US exported 1,424,849 tons of edible fishery products, with all exports of fishery products being worth $28.390487 billion.
The National Oceanic and Atmospheric Administration (NOAA) releases an annual report about the commercial fishery industry in the US, which includes a number of insightful statistics. In the 2015 report, the most recent one that's been released, they mention that there were 4.4 metric tons of edible and industrial commercial landings, worth $5.2 billion. This was an increase in terms of the amount produced, but a decrease in dollars from the prior year.
MAJOR INCUMBENTS
American Seafoods Company is a US company that is a global leader in the industry. Their estimated revenues, according to Hoovers, is $165.104 million.
Trident Seafoods is the "largest vertically-integrated seafood company in North America". Hoovers estimates their revenues at $2,598.255 million.
Tri Marine Group is an industry leader and specializes in tuna, which they then supply to major brands. Their revenues are an estimated $1.178 million, according to Hoovers. However, they are frequently noted as a leading company and one source actually puts their revenues at $1.3 billion.
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Overall, the fishing industry in the US is worth around $6 billion. Major incumbents in the industry include American Seafoods Company, Trident Seafoods, and Tri Marine Group.
Thank you for asking Wonder! Please let us know if we can help you with anything else!