|SIC Codes:||0912 0913 0919|
|NAICS Codes:||114111 114112 114119|
Companies in this industry catch wild finfish, shellfish, and other marine products from their natural habitat. No major companies dominate the industry.
Demand is driven by domestic trends in fish consumption and competition from imports. 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. The US industry is highly fragmented: more than 90 percent of companies operate a single establishment and have four or fewer employees.
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 Exclusive Economic Zone (EEZ), the federal territory that extends 200 miles offshore, accounts for the vast majority of US fish and shellfish landings.Buy Now