Commercial Fishing Market by Species Type, Method

List of Tables

The Commercial Fishing Market was valued at USD 150.43 billion in 2023, expected to reach USD 162.96 billion in 2024, and is projected to grow at a CAGR of 8.81%, to USD 271.72 billion by 2030.

The commercial fishing market encompasses all activities related to the catching, processing, and sale of fish and seafood intended for commercial purposes. This includes a wide array of activities such as the harvesting of fish from wild waters, aquaculture, and the entire supply chain that supports these operations. The necessity of the commercial fishing industry stems from its critical contributions to food security, employment, and economic growth in many coastal regions worldwide. Its application spans various end-use sectors such as food and beverages, pharmaceuticals, and cosmetics, driven by consumer demand for seafood and seafood-derived products. Key growth factors include rising global consumption of seafood, technological advancements in fishing gear and techniques, and increasing investments in aquaculture to ensure sustainable practices. However, the market also faces several challenges, including overfishing, declining fish stocks, and environmental impacts that lead to strict regulatory scrutiny. Addressing these will require enhanced sustainability management and technology integration.

KEY MARKET STATISTICS
Base Year [2023]	USD 150.43 billion
Estimated Year [2024]	USD 162.96 billion
Forecast Year [2030]	USD 271.72 billion
CAGR (%)	8.81%

Notable opportunities lie in developing eco-friendly fishing technologies, sustainable aquaculture practices, and using data analytics to optimize supply chain operations, all of which can enhance profitability and sustainability. Innovations such as precision aquaculture and digital monitoring systems can allow for real-time tracking of fish populations and health, thereby ensuring more sustainable practices and meeting consumer expectations for ethically-sourced seafood. However, market players must navigate limiting factors such as stringent environmental regulations, fluctuating seafood prices, and geopolitical tensions that can disrupt supply chains. Companies should focus on compliance with sustainability standards and actively pursue collaborations with regulatory bodies to mitigate these risks. Additionally, fostering innovations in byproduct utilization, such as converting fish waste into high-value products, represents a promising area for research. Overall, the nature of the commercial fishing market is dynamic and interdependent, with its future growth contingent on balancing economic objectives with sustainable environmental practices.

Market Dynamics: Unveiling Key Market Insights in the Rapidly Evolving Commercial Fishing Market

The Commercial Fishing Market is undergoing transformative changes driven by a dynamic interplay of supply and demand factors. Understanding these evolving market dynamics prepares business organizations to make informed investment decisions, refine strategic decisions, and seize new opportunities. By gaining a comprehensive view of these trends, business organizations can mitigate various risks across political, geographic, technical, social, and economic domains while also gaining a clearer understanding of consumer behavior and its impact on manufacturing costs and purchasing trends.

Market Drivers
- Rise in the awareness of health benefits of seafood
- Broad assortment of various kinds of fish abundantly available
- Increase in the demand for seafood products
Market Restraints
- Stringent regulations associated with commercial fishing
Market Opportunities
- Introduction of advanced commercial fishing methods
- Rapid expansion of non-vegetarian population
Market Challenges
- Harmful effects caused by commercial fishing, such as the exhaustion of marine resources

Porter's Five Forces: A Strategic Tool for Navigating the Commercial Fishing Market

Porter's five forces framework is a critical tool for understanding the competitive landscape of the Commercial Fishing Market. It offers business organizations with a clear methodology for evaluating their competitive positioning and exploring strategic opportunities. This framework helps businesses assess the power dynamics within the market and determine the profitability of new ventures. With these insights, business organizations can leverage their strengths, address weaknesses, and avoid potential challenges, ensuring a more resilient market positioning.

PESTLE Analysis: Navigating External Influences in the Commercial Fishing Market

External macro-environmental factors play a pivotal role in shaping the performance dynamics of the Commercial Fishing Market. Political, Economic, Social, Technological, Legal, and Environmental factors analysis provides the necessary information to navigate these influences. By examining PESTLE factors, businesses can better understand potential risks and opportunities. This analysis enables business organizations to anticipate changes in regulations, consumer preferences, and economic trends, ensuring they are prepared to make proactive, forward-thinking decisions.

Market Share Analysis: Understanding the Competitive Landscape in the Commercial Fishing Market

A detailed market share analysis in the Commercial Fishing Market provides a comprehensive assessment of vendors' performance. Companies can identify their competitive positioning by comparing key metrics, including revenue, customer base, and growth rates. This analysis highlights market concentration, fragmentation, and trends in consolidation, offering vendors the insights required to make strategic decisions that enhance their position in an increasingly competitive landscape.

FPNV Positioning Matrix: Evaluating Vendors' Performance in the Commercial Fishing Market

The Forefront, Pathfinder, Niche, Vital (FPNV) Positioning Matrix is a critical tool for evaluating vendors within the Commercial Fishing Market. This matrix enables business organizations to make well-informed decisions that align with their goals by assessing vendors based on their business strategy and product satisfaction. The four quadrants provide a clear and precise segmentation of vendors, helping users identify the right partners and solutions that best fit their strategic objectives.

Strategy Analysis & Recommendation: Charting a Path to Success in the Commercial Fishing Market

A strategic analysis of the Commercial Fishing Market is essential for businesses looking to strengthen their global market presence. By reviewing key resources, capabilities, and performance indicators, business organizations can identify growth opportunities and work toward improvement. This approach helps businesses navigate challenges in the competitive landscape and ensures they are well-positioned to capitalize on newer opportunities and drive long-term success.

Key Company Profiles

The report delves into recent significant developments in the Commercial Fishing Market, highlighting leading vendors and their innovative profiles. These include American Seafoods Company LLC., Cornelis Vrolijk B.V., Dongwon Group, Hudson Fish Co., KAI CHUANG MARINE INTERNATIONAL, Maruha Nichiro Corporation, Mowi ASA, Nomad Foods, Orizon S.A., Sanford Limited, Tassal Group Limited, The Waterbase Limited, Toyo Suisan Kaisha Ltd., Trident Seafoods Corporation, and UniSea, Inc..

Market Segmentation & Coverage

This research report categorizes the Commercial Fishing Market to forecast the revenues and analyze trends in each of the following sub-markets:

Based on Species Type, market is studied across Carp, Cephalopod, Clams, Cord, Groundfish, Salmon, Shrimp, Squids, and Tuna.
Based on Method, market is studied across Large Nets, Line and Pole, Pots or Traps, and Single Line Trolling.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom.

The report offers a comprehensive analysis of the market, covering key focus areas:

1. Market Penetration: A detailed review of the current market environment, including extensive data from top industry players, evaluating their market reach and overall influence.

2. Market Development: Identifies growth opportunities in emerging markets and assesses expansion potential in established sectors, providing a strategic roadmap for future growth.

3. Market Diversification: Analyzes recent product launches, untapped geographic regions, major industry advancements, and strategic investments reshaping the market.

4. Competitive Assessment & Intelligence: Provides a thorough analysis of the competitive landscape, examining market share, business strategies, product portfolios, certifications, regulatory approvals, patent trends, and technological advancements of key players.

5. Product Development & Innovation: Highlights cutting-edge technologies, R&D activities, and product innovations expected to drive future market growth.

The report also answers critical questions to aid stakeholders in making informed decisions:

1. What is the current market size, and what is the forecasted growth?

2. Which products, segments, and regions offer the best investment opportunities?

3. What are the key technology trends and regulatory influences shaping the market?

4. How do leading vendors rank in terms of market share and competitive positioning?

5. What revenue sources and strategic opportunities drive vendors' market entry or exit strategies?

Product Code: MRR-434CCDA040DC

1. Preface

1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Stakeholders

2. Research Methodology

2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

5. Market Insights

5.1. Market Dynamics
- 5.1.1. Drivers
  - 5.1.1.1. Rise in the awareness of health benefits of seafood
  - 5.1.1.2. Broad assortment of various kinds of fish abundantly available
  - 5.1.1.3. Increase in the demand for seafood products
- 5.1.2. Restraints
  - 5.1.2.1. Stringent regulations associated with commercial fishing
- 5.1.3. Opportunities
  - 5.1.3.1. Introduction of advanced commercial fishing methods
  - 5.1.3.2. Rapid expansion of non-vegetarian population
- 5.1.4. Challenges
  - 5.1.4.1. Harmful effects caused by commercial fishing, such as the exhaustion of marine resources
5.2. Market Segmentation Analysis
5.3. Porter's Five Forces Analysis
- 5.3.1. Threat of New Entrants
- 5.3.2. Threat of Substitutes
- 5.3.3. Bargaining Power of Customers
- 5.3.4. Bargaining Power of Suppliers
- 5.3.5. Industry Rivalry
5.4. PESTLE Analysis
- 5.4.1. Political
- 5.4.2. Economic
- 5.4.3. Social
- 5.4.4. Technological
- 5.4.5. Legal
- 5.4.6. Environmental

6. Commercial Fishing Market, by Species Type

6.1. Introduction
6.2. Carp
6.3. Cephalopod
6.4. Clams
6.5. Cord
6.6. Groundfish
6.7. Salmon
6.8. Shrimp
6.9. Squids
6.10. Tuna

7. Commercial Fishing Market, by Method

7.1. Introduction
7.2. Large Nets
7.3. Line and Pole
7.4. Pots or Traps
7.5. Single Line Trolling

8. Americas Commercial Fishing Market

8.1. Introduction
8.2. Argentina
8.3. Brazil
8.4. Canada
8.5. Mexico
8.6. United States

9. Asia-Pacific Commercial Fishing Market

9.1. Introduction
9.2. Australia
9.3. China
9.4. India
9.5. Indonesia
9.6. Japan
9.7. Malaysia
9.8. Philippines
9.9. Singapore
9.10. South Korea
9.11. Taiwan
9.12. Thailand
9.13. Vietnam

10. Europe, Middle East & Africa Commercial Fishing Market

10.1. Introduction
10.2. Denmark
10.3. Egypt
10.4. Finland
10.5. France
10.6. Germany
10.7. Israel
10.8. Italy
10.9. Netherlands
10.10. Nigeria
10.11. Norway
10.12. Poland
10.13. Qatar
10.14. Russia
10.15. Saudi Arabia
10.16. South Africa
10.17. Spain
10.18. Sweden
10.19. Switzerland
10.20. Turkey
10.21. United Arab Emirates
10.22. United Kingdom

11. Competitive Landscape

11.1. Market Share Analysis, 2023
11.2. FPNV Positioning Matrix, 2023
11.3. Competitive Scenario Analysis
11.4. Strategy Analysis & Recommendation

Companies Mentioned

1. American Seafoods Company LLC.
2. Cornelis Vrolijk B.V.
3. Dongwon Group
4. Hudson Fish Co.
5. KAI CHUANG MARINE INTERNATIONAL
6. Maruha Nichiro Corporation
7. Mowi ASA
8. Nomad Foods
9. Orizon S.A.
10. Sanford Limited
11. Tassal Group Limited
12. The Waterbase Limited
13. Toyo Suisan Kaisha Ltd.
14. Trident Seafoods Corporation
15. UniSea, Inc.