The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

Increased seafood consumption is likely to stimulate innovation in fishing production, propelling the market during the forecast period.

The global fishing market is expected to grow from $621.96 billion in 2022 to $670.97 billion in 2023 at a compound annual growth rate (CAGR) of 7.9%. The global fishing market size is expected to reach $920.65 billion in 2027 at a CAGR of 8.2%.

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Global Fishing Market Segments Include:

• By Fishing Method Type: Pots And Traps, Line And Pole, Large Nets, Single Line Trolling
• By Location Type: River, Lake, Sea
• By Species Type: Clams, Carp, Cord, Tuna, Salmon, Squids, Shrimp, Cephalopod, Groundfish
• By Distribution Channel: Online, Offline
• By End-user: Individual Consumers, Clubs, Sports Organizers
• By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific is the largest region in the global fishing market in 2021.

Major Market Players 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.

Technological advancement is a crucial trend that is gaining traction in the fishing sector. Major fishing organisations are concentrating on providing novel solutions to increase their market position. Garmin Ltd., a US-based marine electronics manufacturing company, for example, unveiled the LiveScope XR System in July 2022, a live-scanning sonar system that gives real-time views of fish and structure up to 350 feet distant in salt water. This method extends the range of live-scanning sonar without affecting image clarity or resolution. Its transducer is capable of seeing both long- and close-range views in real time. Furthermore, this technology has built-in stabilisation algorithms that keep sonar images steady, rich colour palettes, and forward, down, and perspective mode options.

The Fishing Global Market Report 2023  provides a fishing market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The fishing market forecast analyzes fishing market size, fishing market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

The action or business of capturing fish is referred to as fishing. Fly-fishing, baitcasting, spinning, trolling, and any other sort of fishing that includes a person or a boat powered by a paddle, oar, or sail are all fishing tactics.

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