Fishing, Hunting And Trapping Market Outlook 2025-2034: Key Trends, Growth Drivers, and Market Share

How Big Is the Fishing, Hunting And Trapping Market Expected to Be, and What Will Its Growth Rate Be?
There has been substantial growth in the size of the fishing, hunting and trapping market in recent years. It is expected to expand from $1139.58 billion in 2024 to $1218.35 billion in 2025, reflecting a compound annual growth rate (CAGR) of 6.9%. Factors contributing to this growth during the historic period include traditional subsistence, recreational and sport hunting, commercial fishing, conservation and wildlife management, as well as cultural and heritage practices.

The market for fishing, hunting and trapping is anticipated to experience robust growth in the forthcoming years. By 2029, it's projected to extend to $1599.89 billion, with a compound annual growth rate (CAGR) of 7.0%. The growth during this predicted period can be credited to aspects like sustainability and conservation, ecotourism, and the application of advanced technology like GPS tracking, mobile applications, and drone-supported hunting and fishing. The impact of climate change and evolving regulations also contribute to this growth. Dominant trends in the forecast period encompass wildlife photography, catch and release fishing, hunting for conservation, ethical and sustainable hunting, and local seafood directly from the farm to the table.

What Are the Primary Growth Drivers for the Fishing, Hunting And Trapping Market?
The anticipated surge in seafood product consumption is predicted to stimulate the expansion of the fishing, hunting, and trapping market. Seafood products encompass a range of food items sourced from aquatic creatures and vegetation, harvested from both marine and freshwater habitats. Techniques of fishing, hunting, and trapping are employed to procure these nutrient-packed seafood products, capturing fish, mollusks, and other marine life using nets, lines, traps, and fishing boats. For example, in March 2023, the Australian Bureau of Agricultural and Resource Economics and Sciences (ABARES), a government agency in Australia, reported that Australian fisheries and aquaculture production grew by 8% to $3.63 billion in 2022-23 and predicted a 2% increase in 2023-24. Thus, the escalating demand for seafood products is fuelling the expansion of the fishing, hunting, and trapping market.

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Who Are the Dominant Companies Influencing Fishing, Hunting And Trapping Market Trends?
Major companies operating in the fishing, hunting and trapping market include Nippon Suisan Kaisha Ltd., Maruha Nichiro Corporation, Leroy Seafood Group ASA, Angler's Legacy, American Sportfishing Association, Keep America Fishing Organization, National Association of Sporting Goods Wholesalers, National Rifle Association (NRA), Orvis, Simms Fishing Products, The Orvis Company, Duck Commander, Costa Del Mar, Berkley Fishing, Mossy Oak, G. Loomis, Yeti Holdings, Abel Reels, Sage Fly Fishing, Penn Fishing, St. Croix Rods, Abu Garcia, Pure Fishing, Zebco, Ranger Boats, Winchester Repeating Arms, Mossberg, Browning Arms Company, Federal Premium Ammunition, Benelli Q.J., Kimber Manufacturing, Fabbrica d'Armi Pietro Beretta, Savage Arms, Remington Arms, PSE Archery, Bowtech Archery.

How Is the Fishing, Hunting And Trapping Market Evolving?
Leading businesses in the fishing, hunting, and trapping market are concentrating on the invention of advanced technologies, such as an artificial intelligence (AI)-guided fish harvesting machine, to gain a competitive advantage in the industry. AI-guided fish harvesting machines are proving to be more ethical and less wasteful compared to traditional fish harvesting techniques, thus playing a pivotal role in the market. For example, in July 2022, Shinkei Systems, a US-based automation service focusing on fish harvesting, introduced an AI-guided fish harvesting machine. This machine, employing a Japanese method of instantly and humanely killing fish by driving a spike into the brain, comes with a hopper for receiving fish, an operational area, and an output leading to an ice bath. It leverages a computer vision system to identify the species and form of the fish it processes.

What Are the Different Segmentations in the Fishing, Hunting And Trapping Market?
The fishing, hunting and trapping market covered in this report is segmented -

1) By Type: Fishing, Hunting And Trapping
2) By Application: Sportfishing Association, Fishing Organization, Other Applications

Subsegments:
1) By Fishing: Freshwater Fishing, Saltwater Fishing, Fly Fishing, Ice Fishing, Fishing Gear And Equipment (Rods, Reels, Tackle), Bait And Lures
2) By Hunting And Trapping: Big Game Hunting, Small Game Hunting, Waterfowl Hunting, Predator Hunting, Hunting Gear And Equipment (Rifles, Bows, Ammunition, Clothing), Hunting Accessories (Calls, Decoys, Blinds), Pest Control Trapping, Live Animal Trapping, Trapping Gear And Equipment (Traps, Snares, Cages), Trapping Accessories (Baits, Lures)

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Which Region Is at the Forefront of the Fishing, Hunting And Trapping Market?
Asia-Pacific was the largest region in the fishing, hunting and trapping market in 2023. The regions covered in the fighter aircrafts market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

What Is Covered In The Fishing, Hunting And Trapping Global Market Report?

- Market Size Analysis: Analyze the Fishing, Hunting And Trapping Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Fishing, Hunting And Trapping 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, Hunting And Trapping Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Fishing, Hunting And Trapping Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.

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