NAICS 31171 - 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 NAICS 31171 category, which encompasses Seafood Product Preparation and Packaging, is currently experiencing significant qualitative trends influenced by consumer preferences, environmental sustainability, and technological advancements. One of the most prominent trends is the increasing demand for sustainably sourced seafood. Consumers are more aware of the environmental impact of overfishing and are seeking products certified by reputable organizations like the Marine Stewardship Council (MSC). This shift is prompting companies to adopt more responsible sourcing practices and transparency in their supply chains.
Another notable trend is the rise in demand for value-added seafood products, such as ready-to-eat or easy-to-cook options. This is driven by consumers' desire for convenience, particularly among younger demographics and busy professionals. Companies are investing in innovative packaging solutions that extend shelf life and enhance product quality while also being eco-friendly.
Technological advancements play a crucial role in the industry's evolution. The adoption of automation and AI in processing and packaging is improving efficiency and reducing labor costs. Blockchain technology is also being implemented to improve traceability and combat issues like seafood fraud and mislabeling.
Looking into the near future, the industry is expected to continue its focus on sustainability and innovation. Companies that prioritize eco-friendly practices and invest in technology are likely to see the most growth. With increasing regulatory pressures and consumer demand for transparency, the industry will need to adapt to maintain competitiveness and meet market expectations.
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