Fish & Seafood Wholesaling in Canada - Industry Market Research Report

Solid catch: Increased per capita disposable income and health consciousness will assist revenue growth

Revenue for Canadian fish and seafood wholesaling has grown in recent years. Rising health consciousness and per capita disposable income have encouraged Canadians to spend more on increasingly expensive fish and seafood, which are often considered healthier protein options at home and restaurants. This has encouraged food retailers and service establishments to purchase more from wholesalers, leading to revenue growth. However, rising seafood prices have limited revenue and profit growth. Fish and seafood wholesaling revenue has grown at a CAGR of 2.5% to $9.0 billion through the end of 2023, including a 2.6% increase in 2023 alone. As more restaurants and other downstream markets experience rebounding demand following COVID-19, revenue will be bolstered.

Operators in this industry primarily wholesale fish and seafood for human consumption. Canned and packaged frozen fish and seafood products are excluded from this industry (IBISWorld report 41319CA). The wholesaling of fish and seafood that are frozen, but not packaged, are included among this industry’s operations.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.