Aquaculture 2022

February 28 - March 4, 2022

San Diego, California

ASCERTAINING THE MARKET VALUE OF NORTH CAROLINA AQUACULTURED SEAFOOD

Barry N ash*, Jane Harrison, Chuck Weirich ,  Eric Herbst and Frank López

 

North Carolina Sea Grant

North Carolina State University Center for Marine Sciences and Technology

 Morehead City, NC  28557 – USA –

barry_nash@ncsu.edu

 



 According to Seafood Health Facts, the per capita consumption of seafood (fin fish, crustaceans and shellfish) increased from 14.6 pounds per person in 1997 to 16.5 pounds per person in 2006, and then decreased to 14.9 pounds per person in 2018.  In 2019, consumption rose to 19.2 pounds of seafood per capita, according to the National Fisheries Institute. Though seafood sales remained depressed in the foodservice sector as a result of the pandemic, purchases of fresh and frozen seafood at big-box retailers  and traditional supermarkets rose through the latter half of 2020.  Despite this positive development,  the per capita consumption of  seafood  remains low relative to beef, pork and poultry because consumers have choices and  apparent  preferences for dietary protein.

 Market research is a branch of social science that links the consumer to a marketer through information that identifies market opportunities and problems, evaluates marketing actions and monitors market performance. T o help  local  seafood producers meet the needs and expectations of their customers,  North Carolina Sea Grant  has  conducted qualitative (focus groups) and quantitative (online surveys) research  to learn consumers’ reasons for eating seafood, their perceptions of U.S. producers and what enhancements they want to facilitate preparing and consuming seafood in the home .

Th is paper will review the attributes North Carolina consumers say they value about local seafood, and it will show how research results were used to develop an approach to marketing cultivated oysters. W hile the demand for local seafood seems strong, this paper will also show  that price remains a prime determinant of purchase intent.