Overview and Scope
Fishing refers to a activity or business of catching fish. Fishing techniques include fly-fishing, baitcasting, spinning, trolling, and any other type of fishing that involves a person or a boat propelled by a paddle, oar, or sail.
Sizing and Forecast
The fishing market size has grown strongly in recent years. It will grow from $656.96 billion in 2023 to $703.06 billion in 2024 at a compound annual growth rate (CAGR) of 7.0%. The growth in the historic period can be attributed to cultural and traditional practices, economic dependence, global demand for seafood, government policies and regulations, tourism and recreational fishing..
The fishing market size is expected to see strong growth in the next few years. It will grow to $916.5 billion in 2028 at a compound annual growth rate (CAGR) of 6.9%. The growth in the forecast period can be attributed to sustainable fishing practices, climate change impacts, eco-certifications and labels, global population growth, increased consumer demand for sustainable seafood. Major trends in the forecast period include customization in fishing gear, social media influence, introduction of smart fishing technologies, focus on family-friendly fishing, global expansion of fishing tourism..
To access more details regarding this report, visit the link:
https://www.thebusinessresearchcompany.com/report/fishing-global-market-report
Segmentation & Regional Insights
The fishing market covered in this report is segmented –
1) By Fishing Method Type: Pots And Traps, Line And Pole, Large Nets, Single Line Trolling
2) By Location Type: River, Lake, Sea
3) By Species Type: Clams, Carp, Cord, Tuna, Salmon, Squids, Shrimp, Cephalopod, Groundfish
4) By Distribution Channel: Online, Offline
5) By End-user: Individual Consumers, Clubs, Sports Organizers
Asia-Pacific was the largest region in the fishing market in 2023 and is expected to be the fastest-growing region in the fishing market report during the forecast period. The regions covered in the fishing market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Intrigued to explore the contents? Secure your hands-on sample copy of the report:
https://www.thebusinessresearchcompany.com/sample_request?id=9676&type=smp
Major Driver Impacting Market Growth
The increased consumption of seafood is expected to propel the growth of the fishing market going forward. Seafood refers to a variety of aquatic creatures that are eaten by people, including fish, shrimp, and even octopuses. The main supply of seafood is fishing. Fishing is the only way to catch cod, perch, salmon, sardines, trout, and many other watery creatures that are seafood. Fishing expands the market and increases the availability of seafood, thus boost the fishing market. For instance, in July 2020, according to the OECD-FAO Agricultural Outlook 2020–2029 report shared by the Organization for Economic Co-operation and Development (OECD), a France-based international organization, global fish production is anticipated to increase by 25 million tons (or 14%) from the baseline period to 200 million tons by 2029. By 2029, it is expected that aquaculture will produce 105 Mt, 10 Mt more than the capture sector. It is likely that over the next ten years, fish waste production will be used more frequently to produce fish oil and fishmeal, leading to 10% and 17% increases in total production, respectively. Therefore, increased consumption of seafood is driving the growth of the fishing market.
Key Industry Players
Major companies operating in the fishing market report are Daiwa Corporation, Johnson Outdoors Inc., Maver UK Limited, Rome Specialty Company Inc., Shanghai Kai Chuang Marine International Co. Ltd., Pure Fishing Inc., Maruha Nichiro Corporation, Nissui Corporation, Thai Union Group Public Company Limited, Mowi ASA, Dongwon Enterprise Co. Ltd., Red Chamber Co., Skretting AS, Trident Seafoods Corp., Austevoll Seafood ASA, Sildarvinnslan HF, Aleutian Spray Fisheries Inc., Sahlman Seafoods Inc., Admiralty Island Fisheries Inc., Beaver Street Fisheries Inc., High Liner Foods Inc., Inland Seafood Inc., Sysco Corporation, Salmar Farming AS, Andrew Marr International Ltd., Grieg Seafood ASA, Marubeni America Corp., Charoen Pokphand Foods Group Co. Ltd., Kyokuyo Co. Ltd., Cooke’s fishing division Inc., Bakkafrost P/F, Biofish Holding A/S, BKV Industries Ltd., Blue Island PLC, Brim hf, Casa Emtia Petrol Kimyevi ve Turevleri Sanayi Ticaret A.S., PT Central Proteina Prima Tbk, PT Cilacap Samudera Fishing Industry Tbk, Clean Seas Seafood Ltd. .
The fishing market report table of contents includes:
1. Executive Summary
2. Fishing Market Characteristics
3. Fishing Market Trends And Strategies
4. Fishing Market – Macro Economic Scenario
5. Global Fishing Market Size and Growth
.
.
.
31. Global Fishing Market Competitive Benchmarking
32. Global Fishing Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Fishing Market
34. Fishing Market Future Outlook and Potential Analysis
35. Appendix
Explore the trending research reports from TBRC:
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: [email protected]
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
