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CA NAICS 41314CA | Industry Report

Fish & Seafood Wholesaling in Canada Industry Data and Analysis

AR
Arielle Rose
Analyst New York, United States October 2025

Revenue for Canadian fish and seafood wholesalers has expanded in recent years. Heightened health consciousness and per capita disposable income throughout most of the past five years have encouraged Canadians to spend more on increasingly expensive fish and seafood, 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 expansion and prevented profit growth. Fish and seafood wholesaling revenue has grown at a CAGR of an estimated 1.0% over the five years to 2025 to reach $9.0 billion in 2025, including a 0.8% boost in 2025 alone. Fish and seafood wholesalers play a vital role in exporting by creating connections and facilitating sales with foreign buyers, which has become increasingly important as demand for Canadian seafood grows internationally. The 2017 implementation of the Comprehensive and Economic Trade Agreement (CETA) between Canada and the European Union (EU) supported wholesalers' expansion by opening up a new market with limited trade barriers and creating opportunities for sustainable long-term growth.In the coming years, wholesalers will continue growing, with boosted per capita disposable income and health consciousness assisting revenue growth. However, the expected boost to revenue is more critical to wholesalers' success because of the CETA, cutting all tariffs on fish and seafood products sold to the EU, and the Canadian Free Trade Agreement, which diminishes tariffs on interprovincial trade. This will lead to more Canadian fish and seafood exported to the EU and encourage domestic operations nationally. As a result of these anticipated trends, fish and seafood wholesaling revenue will strengthen at a CAGR of an anticipated 0.0% over the next five years to reach $9.0 billion in 2030, reflecting greater accessibility, expanding international demand and a more robust trade environment.

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What's included in this industry analysis

IBISWorld's research coverage on the Fish & Seafood Wholesaling industry in Canada includes market sizing, forecasting, data and analysis from 2015-2030. The most recent publication was released October 2025.

About this industry

What's this industry report about?

The Fish & Seafood Wholesaling industry in Canada operates under the NAICS industry code 41314CA. Operators in this industry primarily wholesale fish and seafood for human consumption. The wholesaling of fish and seafood that are frozen but not packaged is included in this industry’s operations. Related terms covered in the Fish & Seafood Wholesaling industry in Canada include shellfish, wholesale bypass and aquaculture.

What's included in this industry?

Products and services covered in Fish & Seafood Wholesaling industry in Canada include Other groundfish, Other pelagic and finfish and Shrimp.

What companies are included in this industry?

The Fish & Seafood Wholesaling industry in Canada is highly fragmented with no companies holding a market share greater than 5%.

Performance

What's included in the Performance chapter?

The Performance chapter covers detailed analysis, datasets, detailed current performance, sources of volatility and an outlook with forecasts for the Fish & Seafood Wholesaling industry in Canada.

Questions answered in this chapter include what's driving current industry performance, what influences industry volatility, how do successful businesses overcome volatility, what's driving the industry outlook. This analysis is supported with data and statistics on industry revenues, costs, profits, businesses and employees.

Products & Markets

What's included in the Products and Markets chapter?

The Products and Markets chapter covers detailed products and service segmentation and analysis of major markets for the for the Fish & Seafood Wholesaling industry in Canada.

Questions answered in this chapter include how are the industry's products and services performing, what are innovations in industry products and services, what products or services do successful businesses offer and what's influencing demand from the industry's markets. This includes data and statistics on industry revenues by product and service segmentation and major markets.

Geographic Breakdown

What's included in the Geographic Breakdown chapter?

The Geographic Breakdown chapter covers detailed analysis and datasets on regional performance of the Fish & Seafood Wholesaling industry in Canada.

Questions answered in this chapter include where are industry businesses located and how do businesses use location to their advantage. This includes data and statistics on industry revenues by location.

Competitive Forces

What's included in the Competitive Forces chapter?

The Competitive Forces chapter covers the concentration, barriers to entry and supplier and buyer profiles in the Fish & Seafood Wholesaling industry in Canada. This includes data and statistics on industry market share concentration, barriers to entry, substitute products and buyer & supplier power.

Questions answered in this chapter include what impacts the industry's market share concentration, how do successful businesses handle concentration, what challenges do potential industry entrants face, how can potential entrants overcome barriers to entry, what are substitutes for industry services, how do successful businesses compete with substitutes and what power do buyers and suppliers have over the industry and how do successful businesses manage buyer & supplier power.

Companies

What's included in the Companies chapter?

The Companies chapter covers Key Takeaways, Market Share and Companies in the Fish & Seafood Wholesaling industry in Canada. This includes data and analysis on companies operating in the industry that hold a market share greater than 5%.

Questions answered in this chapter include what companies have a meaningful market share and how each company is performing.

External Environment

What's included in the External Environment chapter?

The External Environment chapter covers Key Takeaways, External Drivers, Regulation & Policy and Assistance in the Fish & Seafood Wholesaling industry in Canada. This includes data and statistics on factors impacting industry revenue such as economic indicators, regulation, policy and assistance programs.

Questions answered in this chapter include what demographic and macroeconomic factors impact the industry, what regulations impact the industry, what assistance is available to this industry.

Financial Benchmarks

What's included in the Financial Benchmarks chapter?

The Financial Benchmarks chapter covers Key Takeaways, Cost Structure, Financial Ratios, Valuation Multiples and Key Ratios in the Fish & Seafood Wholesaling industry in Canada. This includes financial data and statistics on industry performance including key cost inputs, profitability, key financial ratios and enterprise value multiples.

Questions answered in this chapter include what trends impact industry costs and how financial ratios have changed overtime.

Industry Data

What's included in the Industry Data chapter?

The Industry Data chapter includes 10 years of historical data with 5 years of forecast data covering statistics like revenue, industry value add, establishments, enterprises, employment and wages in the Fish & Seafood Wholesaling industry in Canada.

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Frequently Asked Questions

What is the market size of the Fish & Seafood Wholesaling industry in Canada in 2026?

The market size of the Fish & Seafood Wholesaling industry in Canada is $9.1bn in 2026.

How many businesses are there in the Fish & Seafood Wholesaling industry in Canada in 2025?

There are 937 businesses in the Fish & Seafood Wholesaling industry in Canada, which has declined at a CAGR of 2.0 % between 2020 and 2025.

How may import tariffs affect the Fish & Seafood Wholesaling industry in Canada?

The Fish & Seafood Wholesaling industry in Canada is unlikely to be materially impacted by import tariffs with imports accounting for a low share of industry revenue.

How may export tariffs affect the Fish & Seafood Wholesaling industry in Canada?

The Fish & Seafood Wholesaling industry in Canada is unlikely to be materially impacted by export tariffs with exports accounting for a low share of industry revenue.

Has the Fish & Seafood Wholesaling industry in Canada grown or declined over the past 5 years?

The market size of the Fish & Seafood Wholesaling industry in Canada has been growing at a CAGR of 1.2 % between 2020 and 2025.

What is the forecast growth of the Fish & Seafood Wholesaling industry in Canada over the next 5 years?

Over the next five years, the Fish & Seafood Wholesaling industry in Canada is expected to grow.

What does the Fish & Seafood Wholesaling industry in Canada include?

Wholesaling fish (except canned or packaged frozen) and Wholesaling cured fish are part of the Fish & Seafood Wholesaling industry in Canada.

How competitive is the Fish & Seafood Wholesaling industry in Canada?

The level of competition is high and steady in the Fish & Seafood Wholesaling industry in Canada.

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