Press release
Commercial Fishing Market - Global Industry Size 2019
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This research report on the global commercial fishing market evaluates the product value chain and analyzes the market on the basis of Porter’s five forces model. Through the Porter’s five forces analysis, the evaluation of the competition penetration in the market is presented, taking in account factors such as the bargaining power of suppliers and buyers, and the threats posed by new entrants and substituting products. The report covers an elaborative analysis of the competitive landscape of the commercial fishing market with company market share evaluation, and elaborates upon the prominent market participants’ profiles.
In order to provide a decisive view of the commercial fishing market, the report studies the market on the basis of different methods adopted for fishing and types of fish available in the commercial fishing market The study additionally presents information on the drivers, opportunities, and restraints in the market, mentioning their impact on the total market in the forecast horizon.
Moving further, the market is segmented in terms of geography and the report presents predictions for the commercial fishing market in each segment. Each of the segments has been evaluated on the basis of future and present trends, along with estimating the market’s development from 2013 to 2019.
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Overview of the Commercial Fishing Market
The occupation, act, or sport of catching fish is known as fishing, and when this activity is used for commercial benefit, it is termed as commercial fishing. Some of the types of aquatic animals harvested in the commercial fishing market are shrimp, squids, tuna, cord, carp, clams, and salmon. Commercial fishing is done by utilizing various methods such as line and pole, single line trolling, pots or traps, and large nets.
On the basis of geography, the commercial fishing market is segmented into four regions, namely Europe, Asia Pacific, North America, and Rest of the World (RoW). Indonesia, Japan, Thailand, India, and China are the major regions in Asia Pacific, where commercial fishing is highly prominent. Amongst these, China represented one-third of the global market for commercial fishing. After Asia Pacific, South America as well as North America constituted the biggest share, wherein the U.S. is a prominent market for commercial fishing.
The abundant presence of different kinds of fish, the expanding demand for a variety of seafood, and increasing awareness regarding the health benefits of seafood are the major factors stimulating the commercial fishing market. On the other hand, there are a number of hazardous effects caused by commercial fishing, such as the exhaustion of marine resources, which has had detrimental effects on the stocks.
Key players in the Commercial Fishing Market
Shanghai Kaichuang Marine International Co Ltd, Hudson Fish Co., Tassal Group Ltd, Umami Sustainable Seafood Inc, Toyo Suisan Kaisha Ltd, and Waterbase Ltd. are some of the major players in the commercial fishing market.
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