The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

• Strong Market Growth
  • Fishing market size to grow from $656.96 billion in 2023 to $703.06 billion in 2024.
  • Compound annual growth rate (CAGR) of 7.0%.
• Drivers of Growth
  • Increased seafood consumption globally.
  • Fishing as the main supply of seafood.
  • Projected increase in global fish production.
• Impact of Seafood Consumption
  • Expanding market and availability of seafood.
  • Driving growth in the fishing market.

Technological Innovation Drives Advancements In The Fishing Market

• Key Trend: Technological Development
  • Adoption of innovative solutions by major companies.
  • Example: Garmin Ltd. launching LiveScope XR System, a live-scanning sonar technology.
• Strategic Acquisition: Vista Outdoor Acquires Simms Fishing Products
  • Vista Outdoor Inc. acquired Simms Fishing Products for $192.5 million in August 2022.
  • Aims to strengthen market position with acquisition of high-end brand.

Read The Full Fishing Market Report Here:

https://www.thebusinessresearchcompany.com/report/fishing-global-market-report

Market Segmentation

• Fishing Method Type
  • Pots And Traps
  • Line And Pole
  • Large Nets
  • Single Line Trolling
• Location Type
  • River
  • Lake
  • Sea
• Species Type
  • Clams
  • Carp
  • Tuna
  • Salmon
  • Squids
  • Shrimp
  • Cephalopod
  • Groundfish
• Distribution Channel
  • Online
  • Offline
• End-user
  • Individual Consumers
  • Clubs
  • Sports Organizers

Regional Outlook: Asia-Pacific Leads

• Asia-Pacific
  • Largest region in the fishing market in 2023.
  • Expected to be the fastest-growing region during the forecast period.

Conclusion

The fishing market is experiencing robust growth driven by factors such as increased seafood consumption and technological innovation. With rising global fish production and the adoption of advanced technologies like live-scanning sonar, the market is poised for further expansion. Strategic acquisitions also play a significant role in strengthening market positions and acquiring niche brands. Market segmentation allows for a deeper understanding of consumer preferences and behavior, catering to diverse needs across various fishing methods, locations, species, distribution channels, and end-users. As the Asia-Pacific region emerges as a key player in the fishing market, it signifies a shift in global dynamics, presenting opportunities for stakeholders to capitalize on the region’s growth potential. Overall, the future of the fishing market looks promising, driven by a combination of increasing demand, technological advancements, and strategic initiatives.

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The Fishing Global Market Report 2024 provides an overview of the fishing market 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 and their market positions.

The Table Of Content For The Fishing Market Include:
1. Fishing Market Executive Summary
2. Fishing Market Segments
3. Fishing Market Size AndFishing Market Growth Rate
4. Key Fishing Market Trends
5. Major Fishing Market Drivers
……
25. Key Mergers And Acquisitions In The Fishing Market
26. Top Fishing Companies
27. Fishing Market Opportunities And Strategies
28. Fishing Market, Conclusions And Recommendations
29. Appendix

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