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Fish and Seafood - US - October 2013

Published By :

Mintel

Published Date : Oct 2013

Category :

SeaFood

No. of Pages : 202 Pages


Perhaps the biggest threat to retail sales of fish and seafood comes from restaurants that serve these items, suggesting that brands and retailers must do more to approximate the recipes and dishes restaurants serve to best challenge competition from restaurants.
Table of Content

Scope and Themes
What you need to know
Definition
Data sources
Sales data
Consumer survey data
Abbreviations and terms
Abbreviations

Executive Summary
Overview
Steady growth projected into 2018
Figure 1: Total US sales and fan chart forecast of fish and seafood, at current prices, 2008-18
Market largely driven by fish’s reputation as a healthy food
Blacks, Asians most likely to use fish in household
Household income drives sales
Fresh fish and seafood dominates among three segments
Key players
MULO market divided among 10 top companies
Private label outsells all individual companies
The consumer
More than seven in 10 use any fish/seafood in the household
Figure 2: Fish and seafood use, January 2012-March 2013
A third are eating more fish than a year ago, but consumption could increase further
Figure 3: Change in seafood consumption behavior in past year, July 2013
Four in 10 do not eat fish/eat it rarely because they prefer restaurant fish
Figure 4: Reasons for not eating fish, July 2013
Sustainability, ethical practices are important to many consumers
Figure 5: Factors influencing seafood purchase, July 2013
What we think

Issues and Insights
Can retail fish and seafood compete with restaurants?
Insight: Brands must provide restaurant-style prepared fish
How can seafood specialty stores compete with supermarkets and mass?
Insight: Emphasize expertise and provide value
How can brands encourage more trial of different seafood types?
Insight: Educate consumers about which fish taste similar

Trend Applications
Trend: Prove It
Trend: Life Hacking
Mintel Futures: East Meets West

Market Size and Forecast
Key points
Steady but moderate growth
Sales expected to grow by 4.1% in 2014 and reach $19.5 billion by 2018
Sales and forecast of fish and seafood
Figure 6: US sales and forecast of fish and seafood, at current prices, 2008-18
Figure 7: US sales and forecast of fish and seafood, at inflation-adjusted prices, 2008-18
Fan chart forecast
Figure 8: Total US sales and fan chart forecast of fish and seafood, at current prices, 2008-18

Market Drivers
Key points
Slow economic rebound impacts sales of expensive items like seafood
Figure 9: Change in seafood consumption behavior in past year, July 2013
Figure 10: Change in seafood consumption behavior in past year (eating more/same amount), by household income, July 2013
Fish’s healthy halo makes it a nutritious meal option
Figure 11: Omega-3 and mercury content in specific fish/seafood species, per 3-oz portion
Household income drives sales
Figure 12: Fish and seafood use, by household income, January 2012-March 2013
Frozen prepared seafood represents an affordable option for low-income households
Figure 13: Frozen prepared seafood use, by household income, January 2012-March 2013
Black, Asian households most likely to use fish/seafood
Figure 14: Fish and seafood use, by race/Hispanic origin, January 2012-March 2013
Blacks most likely to use frozen prepared seafood
Figure 15: Frozen prepared seafood use, by race/Hispanic origin, January 2012-March 2013

Competitive Context
Other meat proteins vie for market share
Restaurants challenge food stores for fish consumers

Segment Performance
Key points
Fresh fish and seafood holds 56% share
Frozen grows 7.6%, based on convenience
Shelf-stable grows 5.2%
Sales of fish and seafood, by segment
Figure 16: US retail sales of fish and seafood, segmented by type, at current prices, 2011 and 2013

Segment Performance—Fresh Fish and Seafood
Key points
Growth increases pace between 2008 and 2013
Sales and forecast of fresh fish and seafood
Figure 17: Total US retail sales and forecast of fresh fish and seafood, at current prices, 2008-18

Segment Performance—Frozen Fish and Seafood
Key points
Frozen fish set to grow further as consumers recognize its convenience
Sales and forecast of frozen fish and seafood
Figure 18: Total US retail sales and forecast of frozen fish and seafood, at current prices, 2008-18

Segment Performance—Shelf-stable Fish and Seafood
Key points
Shelf-stable growth slows in 2013
Sales and forecast of shelf-stable fish and seafood
Figure 19: Total US retail sales and forecast of shelf-stable fish and seafood, at current prices, 2008-18

Retail Channels
Key points
Supermarkets comprise more than 26% of the market
Other channel sales spike 10% between 2011 and 2013
Sales of fish and seafood, by channel
Figure 20: Total US retail sales of fish and seafood, by channel, at current prices, 2011 and 2013
Figure 21: US supermarket sales of fish and seafood, 2008-13
Figure 22: US other channel sales of fish and seafood, 2008-13

Leading Companies
Key points
10 top companies; only four comprise more than 5% of the MULO market
Chicken of the Sea International sales due mostly to shelf-stable tuna
Nippon Suisan Kaisha Ltd. rounds out top four companies
Other companies swim against the current to reach top four
Private label is the biggest fish in the pond
Manufacturer sales of fish and seafood
Figure 23: Manufacturer sales of fish and seafood, 2012 and 2013

Brand Share—Frozen Seafood
Key points
Gorton’s leads name brands but comprises only 9% share
Other brands account for less than 5% of the segment
Private label is the biggest fish in the frozen pond
Manufacturer sales of frozen seafood
Figure 24: Manufacturer sales of frozen seafood, 2012 and 2013

Brand Share—Shelf-stable Seafood
Key points
The battle of the tuna cans
Private label grows 7.4%
Manufacturer sales of shelf-stable seafood
Figure 25: Manufacturer sales of shelf-stable seafood, 2012 and 2013

Brand Share—Refrigerated Seafood
Key points
Trans-Ocean tops segment, drops 4.6%
Vita declines 9.1%
Louis Kemp grows sales for Trident Seafoods; Ocean Beauty grows 3.6%
Private label outsells every name brand
Manufacturer sales of refrigerated seafood
Figure 26: Manufacturer sales of refrigerated seafood, 2012 and 2013

Innovations and Innovators
Brands meet demand for easy preparation, ethical standards
Figure 27: Fish and seafood product claims, 2008-13
Prepared products make cooking easy
Environmentally-friendly claims factor in consumer product selection
Canned fish brands spice up their products

Marketing Strategies
Overview of the brand landscape
Theme: Healthy eating equated to healthy living
StarKist TV ad
Figure 28: StarKist Albacore White Tuna in Water television ad, 2013
Bumble Bee TV ad
Figure 29: Bumble Bee SuperFresh television ad, 2013
Theme: Ease of preparation
Gorton’s TV ad
Figure 30: Gorton’s Simply Bake television ad, 2013
Sea Cuisine TV ad
Figure 31: Sea Cuisine Tortilla Crusted Tilapia television ad, 2013
Theme: Freshness
SeaPak TV ad
Figure 32: SeaPak television ad, 2013

Social Media
Key points
Social media metrics
Figure 33: Key social media metrics, Sept. 2013
Market overview
Brand usage and awareness
Figure 34: Brand usage and awareness levels for selected fish and seafood brands, July 2013
Interaction with fish and seafood brands
Figure 35: interaction levels for selected fish and seafood brands, July 2013
Online conversations
Figure 36: Online mentions around selected fish and seafood brands, by day, Oct. 1, 2012-Sept. 30, 2013
Where are people talking about fish and seafood?
Figure 37: Online mentions around selected fish and seafood brands, by page type, Oct. 1, 2012-Sept. 30, 2013
What are people talking about?
Figure 38: Topics of discussion among the selected fish and seafood brands, Oct. 1, 2012-Sept. 30, 2013
Figure 39: Topics of discussion among the selected fish and seafood brands, by day, Oct. 1, 2012-Sept. 30, 2013
Analysis by brand
Chicken of the Sea
Figure 40: Social media metrics—Chicken of the Sea, Sept. 2013
Key online campaigns
What we think
StarKist
Figure 41: Social media metrics—StarKist, Sept. 2013
Key online campaigns
What we think
Bumble Bee
Figure 42: Social media metrics—Bumble Bee, Sept. 2013
Key online campaigns
What we think
Gorton’s
Figure 43: Social media metrics—Gorton’s, Sept. 2013
Key online campaigns
What we think
SeaPak
Figure 44: Social media metrics—SeaPak, Sept. 2013
Key online campaigns
What we think
King Oscar
Figure 45: Social media metrics—King Oscar, Sept. 2013
Key online campaigns
What we think

Household Usage of Fish/Seafood
Key points
Nearly three quarters use fish and seafood in the household
Figure 46: Fish and seafood use, by age, January 2012-March 2013
Respondents aged 75 and older report least household use of frozen fish
Figure 47: Frozen prepared seafood use, by age, January 2012-March 2013

Fish and Shellfish Consumption Frequency
Key points
Three quarters eat fish at least once a month
Figure 48: Fish consumption frequency, July 2013
18-34s most likely to eat any fish three or more times per week
Figure 49: Fish consumption frequency, by age, July 2013

Consumption Compared to Last Year
Key points
A third eating more fish than last year; only 14% eating more shellfish
Figure 50: Change in seafood consumption behavior in past year, July 2013
$100K+ most likely to be eating more fish/shellfish than a year ago
Figure 51: Change in seafood consumption behavior in past year (eating more/same amount), by household income, July 2013

Factors Influencing Increased Seafood Consumption
Key points
Price is still the most significant factor in increased seafood consumption
Figure 52: Factors influencing increased seafood consumption, by gender, July 2013
55+s most influenced by price
Figure 53: Factors influencing increased seafood consumption, by age, July 2013

Seafood Purchases in the Last Three Months
Key points
45+s most likely to have bought shellfish in the last three months
Figure 54: Seafood purchased in past three months, by age, July 2013
75K+ most likely to have bought shellfish in the last three months
Figure 55: Seafood purchased in past 3 months, by household income, July 2013
More than a third say they bought domestic seafood in the last three months
Figure 56: Characteristics of seafood bought in past 3 months, by age, July 2013

Type and Frequency of Seafood Eaten at Home
Key points
Respondents most likely to eat canned or pouched fish in water monthly
Figure 57: Type and frequency of seafood eaten at home, July 2013
18-34s most likely to eat a range of fish and seafood types at least monthly
Figure 58: Monthly seafood usage, by age, July 2013
Presence of children means more monthly (or more) fish consumption
Figure 59: Monthly seafood usage, by presence of children in household, July 2013
Respondents who say organic is important most likely to eat a range of fish
Figure 60: Type and frequency of seafood eaten at home—monthly, by important factors influencing seafood purchase (any important), July 2013

Reasons for Not Eating Fish
Key points
Four in 10 prefer fish from a restaurant
Figure 61: Reasons for not eating fish, by gender, July 2013
55+s most likely to prefer fish in a restaurant
Figure 62: Reasons for not eating fish, by age, July 2013

Where Consumers Most Often Buy Seafood
Key points
More than half buy fish/shellfish at supermarkets
Figure 63: Where consumers buy seafood most often, by age, July 2013
Households with children most likely to use mass stores
Figure 64: Where consumers buy seafood most often, by presence of children in household, July 2013

Attitudes Toward Seafood
Key points
More than half are willing to pay more for fish that is in season
Figure 65: Consumer attitudes toward seafood, July 2013
More affluent respondents are most likely to spend on fresh, try new types
Figure 66: Consumer attitudes toward seafood (any agree), by household income, July 2013

Factors Influencing Seafood Purchase
Key points
Seven in 10 say it is important to select fish that are not endangered
Figure 67: Factors influencing seafood purchase, July 2013
18-24s most likely to say sustainability is important when selecting seafood
Figure 68: Important factors influencing seafood purchase, by age, July 2013

Impact of Race and Hispanic Origin
Key points
Black and Asian respondents most apt to eat any fish type in a month
Figure 69: Fish consumption frequency, by race/Hispanic origin, July 2013
Black, Asian, and Hispanic respondents most likely to eat a range of fish
Figure 70: Monthly seafood usage, by race/Hispanic origin, July 2013
Black respondents looking for greater variety
Figure 71: Factors influencing increased seafood consumption, by race/Hispanic origin, July 2013

Consumer Segmentation
Figure 72: Fish and seafood clusters, June, 2013
Group one: Frequently Fishy
Demographics
Characteristics
Opportunities
Group two: Fresh Fish
Demographics
Characteristics
Opportunities
Group three: Skimpy Shrimp
Demographics
Characteristics
Opportunities
Group four: Average Anemones
Demographics
Characteristics
Opportunities
Cluster characteristic tables
Figure 73: Target clusters, June 2013
Figure 74: Fish consumption frequency, by target clusters, July 2013
Figure 75: Seafood purchased in past 3 months, by target clusters, July 2013
Figure 76: Characteristics of seafood bought in past 3 months, by target clusters, July 2013
Figure 77: Monthly seafood usage, by target clusters, July 2013
Figure 78: Where consumers buy seafood most often, by target clusters, July 2013
Figure 79: Agreement with consumer attitudes toward seafood, by target clusters, July 2013
Figure 80: Important factors influencing seafood purchase, by target clusters, July 2013
Figure 81: Factors influencing increased seafood consumption, by target clusters, July 2013
Cluster demographic tables
Figure 82: Target clusters, by demographic, July 2013
Cluster methodology

Key Household Purchase Measures—Information Resources Inc. Builders Panel Data
Frozen seafood
Frozen fish/seafood
Consumer insights on key purchase measures—frozen fish/seafood
Brand map
Figure 83: Brand map, selected brands of frozen fish/seafood buying rate, by household penetration, 2012*
Brand leader characteristics
Key purchase measures
Figure 84: Key purchase measures for the top brands of frozen fish/seafood, by household penetration, 2012*
Frozen cooked shrimp
Consumer insights on key purchase measures—frozen cooked shrimp
Brand map
Figure 85: Brand map, selected brands of frozen cooked shrimp buying rate, by household penetration, 2012*
Brand leader characteristics
Key purchase measures
Figure 86: Key purchase measures for the top brands of frozen cooked shrimp, by household penetration, 2012*
Frozen raw shrimp
Brand map
Figure 87: Brand map, selected brands of frozen raw shrimp buying rate, by household penetration, 2012*
Brand leader characteristics
Key purchase measures
Figure 88: Key purchase measures for the top brands of frozen raw shrimp, by household penetration, 2012*
Shelf-stable seafood
Canned tuna
Brand map
Figure 89: Brand map, selected brands of canned tuna buying rate, by household penetration, 2012*
Brand leader characteristics
Key purchase measures
Figure 90: Key purchase measures for the top brands of canned tuna, by household penetration, 2012*
Canned salmon
Brand map
Figure 91: Brand map, selected brands of canned salmon buying rate, by household penetration, 2012*
Brand leader characteristics
Key purchase measures
Figure 92: Key purchase measures for the top brands of canned salmon, by household penetration, 2012*
Refrigerated seafood
Consumer insights on key purchase measures—refrigerated seafood
Brand map
Figure 93: Brand map, selected brands of refrigerated seafood buying rate, by household penetration, 2012*
Brand leader characteristics
Key purchase measures
Figure 94: Key purchase measures for the top brands of refrigerated seafood, by household penetration, 2012*

Appendix – Market Drivers
Consumer confidence
Figure 95: University of Michigan’s index of consumer sentiment (ICS), 2007-13
Unemployment
Figure 96: US unemployment rate, by month, 2002-13
Figure 97: US unemployment and underemployment rates, 2007-13
Figure 98: Number of employed civilians in US, in thousands, 2007-13
Food cost pressures
Figure 99: Changes in USDA Food Price Indexes, 2011-14
Obesity
Figure 100: American adults by weight category as determined by BMI (body mass index), 2008-June 20, 2013
Childhood and teen obesity—highest in decades
Figure 101: Prevalence of obesity among children and adolescents aged 2-19, 1971-2010
Racial, ethnic population growth
Figure 102: US population by race and Hispanic origin, 2008, 2013, and 2018
Figure 103: Households with children, by race and Hispanic origin of householder, 2012
Shifting US demographics
Figure 104: US population, by age, 2008-18
Figure 105: US households, by presence of own children, 2002-12

Appendix – Other Useful Consumer Tables
Household usage of fish/seafood
Figure 106: Kinds of frozen prepared seafood eaten, by age, January 2012-March 2013
Fish and shellfish consumption frequency
Figure 107: Fish consumption frequency, by gender, July 2013
Figure 108: Fish consumption frequency, by household income, July 2013
Factors influencing increased seafood consumption
Figure 109: Factors influencing increased seafood consumption, by household income, July 2013
Type and frequency of seafood eaten at home
Figure 110: Monthly seafood usage, by gender, July 2013
Figure 111: Monthly seafood usage, by household income, July 2013
Where consumers most often buy seafood
Figure 112: Where consumers buy seafood most often, by household income, July 2013
Attitudes toward seafood
Figure 113: Consumer attitudes toward seafood (any agree), by gender, July 2013
Figure 114: Consumer attitudes toward seafood (any agree), by age, July 2013
Impact of race and Hispanic origin
Figure 115: Meat/seafood purchased in past 3 months, by race/Hispanic origin, July 2013
Figure 116: Where consumers buy seafood most often, by race/Hispanic origin, July 2013
Figure 117: Consumer attitudes toward seafood (any agree), by race/Hispanic origin, July 2013
Figure 118: Important factors influencing seafood purchase, by race/Hispanic origin, July 2013

Appendix – Social Media
Brand usage or awareness
Figure 119: Brand usage or awareness, July 2013
Figure 120: Gorton’s usage or awareness, by demographics, July 2013
Figure 121: StarKist usage or awareness, by demographics, July 2013
Figure 122: chicken of the sea usage or awareness, by demographics, July 2013
Figure 123: Bumble bee usage or awareness, by demographics, July 2013
Figure 124: SeaPak usage or awareness, by demographics, July 2013
Figure 125: King Oscar usage or awareness, by demographics, July 2013
Activities done
Figure 126: Activities done, July 2013
Figure 127: Gorton’s – Activities done, by demographics, July 2013
Figure 128: StarKist – Activities done, by demographics, July 2013
Figure 129: Chicken of the sea – Activities done, by demographics, July 2013
Figure 130: Bumble Bee – Activities done, by demographics, July 2013
Figure 131: SeaPak – Activities done, by demographics, July 2013
Figure 132: King oscar – Activities done, by demographics, July 2013
Online conversations
Figure 133: Online mentions around selected fish and seafood brands, by day, October 1, 2012-Sept. 30, 2013
Figure 134: Online mentions around selected fish and seafood brands, by page type, October 1, 2012-Sept. 30, 2013
Figure 135: Topics of discussion among the selected fish and seafood brands, October 1, 2012-Sept. 30, 2013
Figure 136: Topics of discussion among the selected fish and seafood brands, by day, October 1, 2012-Sept. 30, 2013

Appendix – Information Resources Inc. Builders Panel Data Definitions
Information Resources Inc. Consumer Network Metrics

Appendix – Trade Associations

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