NAICS 311711 - Seafood Canning
This U.S. industry comprises establishments primarily engaged in (1) canning seafood (including soup) and marine fats and oils and/or (2) smoking, salting, and drying 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 canning industry (NAICS 311711) is experiencing several notable qualitative trends. Firstly, there's a growing demand for sustainably sourced seafood. Consumers are increasingly seeking out products with certifications like the Marine Stewardship Council (MSC) label, reflecting a broader movement towards environmental consciousness. This trend is pushing companies to adopt more sustainable fishing practices and improve traceability in their supply chains.
Another important trend is the rise of health and wellness among consumers. Seafood canning companies are capitalizing on this by promoting the high nutritional content of their products, particularly the benefits of omega-3 fatty acids. Simultaneously, innovation in product offerings, such as ready-to-eat options and gourmet flavors, is gaining traction as consumers look for convenient yet premium food choices.
Technological advancements are also playing a crucial role. Automation and improved processing technologies are increasing efficiency and reducing costs. Smart packaging that prolongs shelf life and enhances product safety is becoming more common, benefiting both manufacturers and consumers.
Looking ahead, the seafood canning industry is projected to see sustained growth, especially in emerging markets where urbanization and rising incomes are driving demand for canned seafood products. Companies that invest in sustainable practices, innovative products, and advanced technologies are likely to outperform in the near future.
This industry is comprised of:
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