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Home › Industry Metrics › NAICS 31171

NAICS 31171 - Seafood Product Preparation and Packaging

NAICS 31171 - SEAFOOD PRODUCT PREPARATION AND PACKAGING
NAICS 31171 Seafood Product Preparation and Packaging
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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.

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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.

Explore the industry hierarchy

Drill down to explore more specific industries.

NAICS 31 Manufacturing
NAICS 311 Food Manufacturing
NAICS 3117 Seafood Product Preparation and Packaging
NAICS 31171 Seafood Product Preparation and Packaging
NAICS 311711 Seafood Canning
View full hierarchy

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.

  • Investment in renewable energy and grid modernization continues to accelerate.
  • Regulatory changes and sustainability initiatives are shaping long-term growth.
  • Operational efficiency and technology adoption are key focus areas.

Industry Comparison

How this industry compares to all industries.

Return on Investment (ROI) 2%
BOTTOM TOP
10% 25% median 25% 10%

Percentile Rank among all Industries: 55%

Loan Failure Rate 6%
BOTTOM TOP
10% 25% median 25% 10%

Percentile Rank among all Industries: 35%

Total Companies in this Industry 132
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Explore related industries

  • NAICS 31171 Seafood Product Preparation and Packaging
  • NAICS 311711 Seafood Canning
  • NAICS 311712 Fresh and Frozen Seafood Processing
  • View all related industries

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