Seafood Product Preparation & Packaging

The 435 seafood product preparation and packaging companies in the US process fish, shellfish, crustacea, seaweed, and other sea life into fresh, canned, dried, smoked and frozen foods, as well as bait and seaweed products. Processors are often located along coasts or rivers to speed access to fresh catches. Some firms process seafood on vessels or “floating factory ships."

Health and Seasonality of Fisheries Supply

The seafood product preparation and packaging industry relies on healthy fisheries and is subject to limits on seasonal catches.

Meeting Health Regulations

NOAA’s Fisheries Seafood Inspection Program and the FDA inspect operations and ensure that the industry complies with food safety regulations.

Jul 23, 2026 - Shelf-Stable Sales Rise

• Retail seafood prices continued to climb in June, with prices rising 4.1% for fresh seafood, 7.8% for shelf-stable products, and 12.5% for frozen seafood, SeafoodSource reports citing Circana data analyzed by 210 Analytics. Depending on the species, inflation was even more dramatic, with frozen shrimp prices up 18.5% year over year in June, while frozen crab prices increased 13.5%. Shelf-stable products posted gains in both value and volume, led by a 40% increase in sardine sales by value and a 30% increase by volume. For seafood product preparation and packaging manufacturers, the trend highlights resilient consumer demand for convenient, shelf-stable seafood despite higher prices, supporting sales of canned and packaged products. However, rising costs continue to pressure margins, while ongoing geopolitical tensions and supply chain risks could keep production costs elevated, according to SeafoodSource.
• A class-action lawsuit filed in March against Target over its “Sustainably Caught” tuna brand claims highlights growing legal and reputational risks for seafood product manufacturers around sustainability labeling, SeafoodNews.com reports. The suit alleges that tuna sold under the retailer’s Good & Gather private label was marketed as sustainable despite being sourced from practices that may harm marine ecosystems. For seafood product manufacturers, Target’s legal trouble underscores the importance of accurate sourcing, traceability, and verification of sustainability claims. Even widely recognized certifications, such as Marine Stewardship Council (MSC) certification, may face scrutiny, increasing the risk of litigation, regulatory attention, and consumer backlash if claims are perceived as misleading. The lawsuit also signals rising consumer sensitivity to environmental practices, which can influence purchasing decisions and pricing strategies. Manufacturers may need to invest more in supply chain transparency, third-party validation, and documentation to support marketing claims.
• A new underground cold-storage facility in a limestone cave beneath Kansas City, Missouri is the site of a new regional cold-chain hub designed to support food storage, refrigerated distribution, and temperature-sensitive logistics, Food Engineering reports. Located in SubTropolis, the world’s largest underground business complex, the nearly 19,000-square-foot facility provides a naturally climate-controlled, energy-efficient environment for maintaining frozen inventory with lower temperature fluctuation risk. The natural temperature and humidity conditions created by the limestone reduce utility costs by up to 70%. SubTropolis offers rail and truck dock access for efficient inbound and outbound logistics, which can reduce transit times and costs for frozen food producers. The facility’s Adaptive Growth Logistics model enables data-driven supply chain management, offering manufacturers smarter ways to scale while improving inventory integrity. For frozen-food manufacturers, this could mean lower spoilage risk, better cold-chain reliability, and more resilience in their distribution networks, according to FE.
• Producer prices for seafood product preparation and packaging manufacturers hit another record high in June, rising 11.5% from a year ago after increasing 6.5% in the previous June-to-June comparison, according to the latest U.S. Bureau of Labor Statistics data. Higher raw seafood costs, labor shortages, and rising labor and packaging expenses, coupled with resilient consumer demand, continue to push prices higher. The June 2026 Consumer Price Index shows retail prices for processed fish and seafood increased 6.7% year over year and 0.8% from May. Meanwhile, employment in the highly seasonal industry, which typically peaks in July, rose 4.1% YoY in May, while the average hourly wage for food manufacturing workers climbed 2% to a record $24.54 in June, according to the BLS.

Industry size & Structure

The average seafood product manufacturer operates a single location, employs 72 workers and generates $33.4 million in annual revenue.

• The industry consists of about 435 companies that employ 31,500 workers and generate $14.5 billion in annual revenue.

• The industry is concentrated with the 20 largest firms representing 59% of industry revenue.

• The average American consumes 20.5 pounds of fish and shellfish each year, which totals more than 6.5 million pounds consumed annually.

• The US is a net importer of seafood products with the value of imports exceeding exports by a ratio of almost 10:1.

• Large companies include SeaPak, Beaver Street Fisheries, East Coast Seafood, American Seafoods Group, and H&N Foods International. Many of the large companies, like Thai Union, Starkist, and Bumble Bee, are US divisions of foreign firms.