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If you could peek inside a bunch of America’s home pantries and refrigerators right now, you’d see:
Towers of paper goods
Loads of comfort food
Caches of upmarket coffee
You might also see a surprising amount of seafood https://bloom.bg/3iHVvrJ
Towers of paper goodsLoads of comfort foodCaches of upmarket coffeeYou might also see a surprising amount of seafood https://bloom.bg/3iHVvrJ
Compared to a year earlier, in the four weeks ended Dec. 27th, sales of:
Frozen seafood are up 26%
Fresh seafood are up 25%
Consumer packaged goods are up 6%
It’s been that way since the start of the pandemic http://bloom.bg/3iHVvrJ
Frozen seafood are up 26%Fresh seafood are up 25%Consumer packaged goods are up 6%It’s been that way since the start of the pandemic http://bloom.bg/3iHVvrJ
It's an example of the weird ways the pandemic continues to change our habits. Typically, most seafood spending is done at restaurants.
In 2017, U.S. diners spent $69.6 billion on fish at restaurants, compared to $32.5 billion spent at stores http://bloom.bg/3iHVvrJ
In 2017, U.S. diners spent $69.6 billion on fish at restaurants, compared to $32.5 billion spent at stores http://bloom.bg/3iHVvrJ
But with many white-tablecloth dining rooms closed or operating at reduced capacity during the pandemic, shoppers who perhaps rarely cooked seafood before have decided to put seared salmon, shrimp scampi and steamed lobsters on their own kitchen tables http://bloom.bg/3iHVvrJ
Grocers have moved to adapt.
Whole Foods Market, for example, has expanded its frozen selection to include value packs of halibut, barramundi and arctic char. It has also added black cod and farm-raised striped bass to fish counters at most of its stores http://bloom.bg/3iHVvrJ
Whole Foods Market, for example, has expanded its frozen selection to include value packs of halibut, barramundi and arctic char. It has also added black cod and farm-raised striped bass to fish counters at most of its stores http://bloom.bg/3iHVvrJ
Leaning into the seafood craze is a tricky balance for retailers.
Mark Murrell, CEO of Get Maine Lobster, saw sales increase more than 600% in 2020.
But when he needed more freezer space, he decided to rent it, in case things change http://bloom.bg/3iHVvrJ
Mark Murrell, CEO of Get Maine Lobster, saw sales increase more than 600% in 2020.
But when he needed more freezer space, he decided to rent it, in case things change http://bloom.bg/3iHVvrJ
The shift from restaurants to home kitchens has not been anything close to a one-for-one trade for the seafood industry.
Revenue at commercial fisheries fell 29% from their five-year average in the January through July period http://bloom.bg/3iHVvrJ
Revenue at commercial fisheries fell 29% from their five-year average in the January through July period http://bloom.bg/3iHVvrJ
Covid-19 has rattled the seafood industry in myriad other ways, too:
Social distancing and quarantines affect work shifts and workstations
Struggling restaurants mean the seafood industry has added $2.2 billion in debt since the onset of the pandemic http://bloom.bg/3iHVvrJ
Social distancing and quarantines affect work shifts and workstationsStruggling restaurants mean the seafood industry has added $2.2 billion in debt since the onset of the pandemic http://bloom.bg/3iHVvrJ
But what’s happening at grocery stores offers reason for long-term optimism for the wider seafood industry.
The seafood bounce is not fading almost a year into the pandemic, suggesting many consumers are making a bona fide habit of eating fish at home http://bloom.bg/3iHVvrJ
The seafood bounce is not fading almost a year into the pandemic, suggesting many consumers are making a bona fide habit of eating fish at home http://bloom.bg/3iHVvrJ
Have you been cooking more seafood at home since the pandemic started?
