Fishing Market Size Forecasted To Achieve $964.73 Billion By 2029 With Steady Growth

The Fishing Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].

What Is the Expected Fishing Market Size During the Forecast Period?
The size of the fishing market has seen a significant increase lately. An increase from $689.33 billion in 2024 to $736.51 billion in 2025 with a Compound Annual Growth Rate (CAGR) of 6.8% is projected. The historical growth can be traced back to factors such as cultural and conventional norms, economic reliance, the international demand for seafood, governing policies and regulations, tourism activities, and leisure fishing activities.

In the coming years, the fishing market is predicted to experience significant growth, with its value projected to reach $964.73 billion in 2029, marking a compound annual growth rate (CAGR) of 7.0%. This anticipated growth during the forecast period can be associated with the adoption of sustainable fishing methods, the impact of climate change, the use of eco-certifications and labels, the booming global population, and the increasing consumer preference for sustainable seafood. Trends expected to shape the industry during the forecast period include the personalisation of fishing equipment, the impact of social media, the advent of intelligent fishing technologies, a shift towards family-oriented fishing experiences, and a worldwide increase in fishing tourism.

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What Are the Major Segments in the Fishing Market?
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

Subsegments:
1) By Pots And Traps: Crab Pots, Lobster Traps, Shrimp Traps
2) By Line And Pole: Rod And Reel Fishing, Handline Fishing, Trotline Fishing
3) By Large Nets: Seine Nets, Gill Nets, Purse Seine Nets
4) By Single Line Trolling: Manual Trolling, Mechanical Trolling

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What Are The Driving Fishing Market Evolution?
The surge in seafood usage is expected to spur the development of the fishing market. Seafood encompasses a wide range of marine life that is eaten by humans, such as fish, shrimp, and even octopuses. The major source of seafood is fishing, which is essential for catching cod, perch, salmon, sardines, trout, and various other marine species that constitute seafood. As a result, the fishing industry grows and the supply of seafood increases, which consequently supports the fishing market's growth. For example, data from Statistics Iceland, a government agency in Iceland, in July 2022 indicated that the total fish caught in June 2022 was around 35,000 metric tons, reflecting a rise of 14,000 tons compared to June 2021. Accordingly, the increased demand for seafood has a positive impact on the growth of the fishing market.

Which Firms Dominate The Fishing Market Segments?
Major companies operating in the fishing market include 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, Blue Island plc, Brim hf, PT Central Proteina Prima Tbk, PT Cilacap Samudera Fishing Industry Tbk, Clean Seas Seafood Ltd.

What Trends Are Expected to Dominate the Fishing Market in the Next 5 Years?
The trend of technological advancement is gaining momentum in the fishing market. To reinforce their market position, numerous leading companies are focusing on the creation of innovative solutions. For example, Garmin Ltd., an American firm known for manufacturing marine electronics, introduced the LiveScope XR System in July 2022. It's a live-scanning sonar technology capable of producing real-time images of fish and structures as far as 350 feet away in saltwater. The technology escalates the live-scanning sonar range while preserving image resolution and clarity. The transducer can display both far- and near-range views simultaneously. Additionally, distinctive features of this technology cover integrated stabilization systems for maintaining steady sonar images, a wide range of color palettes, and options for forward mode, down mode, and perspective mode.

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Which Is The Largest Region In The Fishing Market?
Asia-Pacific was the largest region in the fishing market in 2024 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

Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Fishing Market?
2. What is the CAGR expected in the Fishing Market?
3. What Are the Key Innovations Transforming the Fishing Industry?
4. Which Region Is Leading the Fishing Market?

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