NAICS 3117 - Seafood Product Preparation and Packaging
This industry comprises establishments primarily engaged in one or more of the following: (1) canning seafood (including soup); (2) smoking, salting, and drying seafood; (3) eviscerating fresh fish by removing heads, fins, scales, bones, and entrails; (4) shucking and packing fresh shellfish; (5) processing marine fats and oils; and (6) freezing seafood. Establishments known as "floating factory ships" that are engaged in the gathering and processing of seafood into canned seafood products are included in this industry.
Industry trends:
The Seafood Product Preparation and Packaging industry (NAICS 3117) has seen significant qualitative trends as consumer preferences evolve and sustainability becomes a focal point. One prominent trend is the increasing demand for sustainably sourced and certified seafood products. Consumers are more conscious about the environmental impact of their food choices, driving companies to seek certifications such as MSC (Marine Stewardship Council) and ASC (Aquaculture Stewardship Council). This shift is expected to continue, pushing firms to prioritize sustainable practices in their supply chains.
Another key trend is the rising popularity of ready-to-eat and convenience seafood products. As lifestyles become more fast-paced, consumers are looking for quick, easy, and healthy meal options. This has led to an increased market for value-added seafood, such as pre-cooked items, seafood snacks, and frozen meals. The growth in e-commerce and direct-to-consumer sales channels also supports this trend, making it easier for consumers to access a variety of seafood products online.
Technological advancements in packaging are also notable, with a focus on extending shelf life and maintaining product quality. Innovations such as vacuum skin packaging and modified atmosphere packaging are becoming more common, enhancing freshness and reducing food waste. Additionally, there is a growing trend towards more eco-friendly packaging solutions, with companies exploring biodegradable and recyclable materials to reduce their environmental footprint.
Looking ahead, these trends are likely to become more pronounced. The industry is expected to see continued growth in sustainable and value-added seafood products, driven by consumer demand and technological innovations. Companies that adapt to these trends and invest in sustainable practices and advanced packaging solutions will likely stay competitive in the dynamic market landscape.
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