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Global Fishing Market: Driven by Increased Seafood Consumption, Trends, and Growth Forecast for 2024-2029
Global Fishing Market
Subtle Shift Towards Sustainable Practices Propels the Global Fishing Market
What Is The Projected Market Size Of The Global Fishing Market And Its Growth Rate?
The global fishing market has been exhibiting remarkable growth and is projected to follow this trajectory:
• The market was valued at $689.33 billion in 2024
• A surge is expected, with the market reaching $736.51 billion in 2025, registering a CAGR of 6.8%
• The market will further expand to $964.73 billion in 2029, growing at a CAGR of 7.0%
The robust growth factors include traditional practices, economic dependence, global seafood demand, sustainable fishing practices, influence of climate change, eco-certifications and labels, global population growth, and customer demand for sustainable seafood.
What Is Driving The Growth In The Fishing Market?
The increasing seafood consumption is the major driver behind the growth of the fishing market. Seafood variety is vast, ranging from various species of fish to shrimp and octopuses. Fishing provides for a major part of the seafood supply, making it an essential factor in boosting the fishing market. In fact, the total fish catch in Iceland alone for June 2022 was approximately 35,000 metric tons, marking a 14,000-tonne increase from June 2021, as per Statistics Iceland. Hence, the rise in seafood consumption is undeniably driving the growth of the fishing market.
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Who Are the Key Players Driving Fishing Market Growth?
• 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.
What Are The Key Trends In The Fishing Market?
Emerging trends in the fishing market are:
• Customization in fishing gear
• Social media influence
• Introduction of smart fishing technologies
• Focus on family-friendly fishing
• Global expansion of fishing tourism
What Are The Segments Of The Global Fishing Market?
The global fishing market is divided into segments:
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, Cords, Tuna, Salmon, Squids, Shrimp, Cephalopod, Groundfish
4) By Distribution Channel: Online, Offline
5) By End-User: Individual Consumers, Clubs, Sports Organizers
Which Region Leads The Fishing Market?
Asia-Pacific held the leading position in the fishing market in 2024 and is anticipated to emerge as the fastest-growing region during the forecast period. The report covers several regions, including Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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What Is Covered In The Fishing Market Global Market Report?
- Market Size Analysis: Analyze the Fishing Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Fishing Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Fishing Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Fishing Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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