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Seafood Processing in the UK Industry Data and Analysis
Seafood processors' revenue is projected to sink at a compound annual rate of 2.3% to £3.7 billion over the five years through 2025-26. Domestic demand conditions have been bleak, as the rising cost-of-living squeeze raised inflationary pressures and weakened many households’ ability to afford seafood products. Additionally, fishers faced extortionate production costs triggered by Russia’s invasion of Ukraine, causing an energy crisis. Fishers were forced to pass on these rising costs in the form of higher market prices, shrinking profit for processors. As a result, seafood processors were forced to raise prices to protect profit, but elastic demand for seafood caused revenue to drop, worsened by the fact that households were already feeling the pinch. With this in mind, seafood processors could not pass on all additional costs, subduing profit levels.
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What's included in this industry analysis
IBISWorld's research coverage on the Seafood Processing industry in the United Kingdom includes market sizing, forecasting, data and analysis from 2015-2030. The most recent publication was released August 2025.
About this industry
What's this industry report about?
The Seafood Processing industry in the United Kingdom operates under the SIC industry code C10.200. Industry operators process fish, molluscs, crustaceans and other seafood, including seaweed. This includes preparing and preserving these items, such as freezing, deep-freezing, drying, cooking, smoking, salting, immersing in brine and canning. The industry does include the production of seafood products, like fish fillets, roes and caviar, as well as fishmeal for human or animal consumption and meals and solubles derived from seafood that are unfit for human consumption. Also, the industry includes factory ships that process seafood, unless they also engage in fishing activities and excludes the processing of products derived from marine mammals. Related terms covered in the Seafood Processing industry in the United Kingdom include landed price index, blast freezer, aquaculture, steaming time and landed fish volume.
What's included in this industry?
Products and services covered in Seafood Processing industry in the United Kingdom include Canned and preserved seafood, Smoked, dried and salted seafood and Frozen seafood.
What companies are included in this industry?
Companies covered in the Seafood Processing industry in the United Kingdom include Young's Seafood Ltd, Seachill UK Ltd and New England Seafood International Ltd.
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 Seafood Processing industry in the United Kingdom.
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 product and service segmentation, analysis of major markets and international trade data for the for the Seafood Processing industry in the United Kingdom.
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 Seafood Processing industry in the United Kingdom.
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 Seafood Processing industry in the United Kingdom. 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 Seafood Processing industry in the United Kingdom. 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 Seafood Processing industry in the United Kingdom. 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 Seafood Processing industry in the United Kingdom. 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 Seafood Processing industry in the United Kingdom.
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Frequently Asked Questions
What is the market size of the Seafood Processing industry in the United Kingdom in 2026?
The market size of the Seafood Processing industry in the United Kingdom is £3.7bn in 2026.
How many businesses are there in the Seafood Processing industry in the United Kingdom in 2025?
There are 312 businesses in the Seafood Processing industry in the United Kingdom, which has grown at a CAGR of 0.7 % between 2020 and 2025.
How may import tariffs affect the Seafood Processing industry in the United Kingdom?
The Seafood Processing industry in the United Kingdom is likely to be significantly impacted by import tariffs with imports accounting for a high share of industry revenue.
How may export tariffs affect the Seafood Processing industry in the United Kingdom?
The Seafood Processing industry in the United Kingdom is likely to be impacted by export tariffs with exports accounting for a moderate share of industry revenue.
Has the Seafood Processing industry in the United Kingdom grown or declined over the past 5 years?
The market size of the Seafood Processing industry in the United Kingdom has been declining at a CAGR of 2.3 % between 2020 and 2025.
What is the forecast growth of the Seafood Processing industry in the United Kingdom over the next 5 years?
Over the next five years, the Seafood Processing industry in the United Kingdom is expected to grow.
What are the biggest companies in the Seafood Processing industry in the United Kingdom?
The biggest companies operating in the Seafood Processing industry in the United Kingdom are Young's Seafood Ltd, Seachill UK Ltd and New England Seafood International Ltd
What does the Seafood Processing industry in the United Kingdom include?
Canned and preserved seafood and Smoked, dried and salted seafood are part of the Seafood Processing industry in the United Kingdom.
Which companies have the highest market share in the Seafood Processing industry in the United Kingdom?
The company holding the most market share in the Seafood Processing industry in the United Kingdom is Young's Seafood Ltd.
How competitive is the Seafood Processing industry in the United Kingdom?
The level of competition is high and increasing in the Seafood Processing industry in the United Kingdom.
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