According to the report published by Research and Markets such information helps sales teams perform faster and smarter, open doors, and close more deals. First Research performs the “heavy lifting” by synthesizing hundreds of sources into an easy to digest format that a sales person can consume very quickly to better understand a prospect’s business issues.
The report says that the US commercial fishing industry includes about 2,000 companies with combined annual revenue of $4 billion. No major companies dominate the industry, which is highly fragmented. The commercial fishing industry includes the wild catching of finfish, shellfish, and other marine products from their natural habitat. Seafood processing and distribution and fish farming (aquaculture) are covered in separate industry profiles.
Rise of domestic fish consumption and competition from imports boost the demand incredibly. The profitability of individual companies depends on maximizing yield without depleting stocks. Industrial fisheries have advantages in fleet size and access to experienced crew members. Small-scale and artisan fisheries can compete effectively by serving a local market or by specializing in ultra-fresh fish.
US commercial fishing industry revenue is evenly split between shellfish and finfish. Major shellfish products are crab, shrimp, lobster, and scallops (each with about 10 percent of industry revenue). Major finfish products include Alaskan pollock, salmon, halibut, and cod. The US lands 8 billion pounds of fish and shellfish annually, around 5 percent of the worlds total. The US Exclusive Economic Zone (EEZ), the federal territory that extends 200 miles offshore, accounts for the majority of US landings.
