Strong Growth Ahead: Fishing, Hunting And Trapping Market Size To Grow At Arecord 7% Cagr By 2029

The Fishing, Hunting And Trapping 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].

How Big Is the Fishing, Hunting And Trapping Market Size Expected to Be by 2034?
The fishing, hunting, and trapping market has shown significant growth in recent years. It is expected to grow from $1139.58 billion in 2024 to $1218.35 billion in 2025, with a CAGR of 6.9%. Factors contributing to this growth include subsistence hunting, recreational and sport hunting, commercial fishing, conservation efforts, and cultural traditions.

The fishing, hunting, and trapping market is expected to experience strong growth, increasing to $1599.89 billion by 2029 at a CAGR of 7.0%. This growth is supported by sustainability efforts, ecotourism, technology adoption such as GPS tracking and drone-assisted activities, climate change impacts, and changing regulations. Key trends include wildlife photography, catch-and-release fishing, hunting for conservation, ethical hunting practices, and the farm-to-table movement in seafood.

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What Are the Emerging Segments Within 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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What Long-Term Drivers Are Shaping Fishing, Hunting And Trapping Market Trends?
The fishing, hunting, and trapping market is expected to grow due to the rising demand for seafood. This market includes the harvesting of various aquatic species for food. For example, the Australian Bureau of Agricultural and Resource Economics and Sciences reported that Australian fisheries and aquaculture production increased by 8% to $3.63 billion in 2022-23, with an expected 2% increase in 2023-24. This rise in seafood demand is driving the growth of the fishing, hunting, and trapping market.

Who Are the Top Competitors in Key Fishing, Hunting And Trapping Market Segments?
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.

What Fishing, Hunting And Trapping Market Trends Are Gaining Traction Across Different Segments?
Key players in the fishing, hunting and trapping market are developing AI-driven technologies for humane fish harvesting. In July 2022, US-based Shinkei Systems launched an AI-guided fish harvesting machine that uses a Japanese technique to humanely kill fish via brain spike insertion. The system includes components like species-recognizing computer vision, a hopper, operational area, and ice bath output for efficient processing.

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Which Regions Are Becoming Hubs for Fishing, Hunting And Trapping Market Innovation?
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

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

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