PUBLISHER: The Business Research Company | PRODUCT CODE: 1712451
PUBLISHER: The Business Research Company | PRODUCT CODE: 1712451
Fishing, hunting, and trapping encompass activities related to the capture of fish and various wild creatures from their natural environments. This category includes both commercial hunting and trapping practices, as well as fishing for both finfish and shellfish species. These activities constitute a subsector within the broader fishing, hunting, forestry, and agriculture industries. Participants within this subsector exploit the availability of natural resources to harvest fish and other wildlife from their native habitats.
The primary categories within fishing, hunting, and trapping are fishing, hunting, and trapping itself. Fishing pertains to the pursuit of catching fish, whether for recreational purposes or as part of a commercial enterprise. Diverse applications of fishing include sports fishing associations, fishing organizations, and various other related activities.
The fishing, hunting, and trapping market research report is one of a series of new reports from The Business Research Company that provides fishing, hunting, and trapping market statistics, including global market size, regional shares, competitors with a fishing, hunting, and trapping market share, detailed fishing, hunting, and trapping market segments, market trends and opportunities, and any further data you may need to thrive in the fishing, hunting, and trapping industry. This fishing, hunting, and trapping market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The fishing, hunting and trapping market size has grown strongly in recent years. It will grow from $1139.58 billion in 2024 to $1218.35 billion in 2025 at a compound annual growth rate (CAGR) of 6.9%. The growth in the historic period can be attributed to traditional subsistence, recreational and sport hunting, commercial fishing, conservation and wildlife management, cultural and heritage practices.
The fishing, hunting and trapping market size is expected to see strong growth in the next few years. It will grow to $1599.89 billion in 2029 at a compound annual growth rate (CAGR) of 7.0%. The growth in the forecast period can be attributed to sustainability and conservation, ecotourism, the adoption of technology, such as gps tracking, mobile apps, and drone-assisted hunting and fishing, climate change impact, changing regulations. Major trends in the forecast period include wildlife photography, catch and release fishing, hunting for conservation, ethical and sustainable hunting, farm-to-table and local seafood.
The growing demand for seafood products is poised to drive the expansion of the fishing, hunting, and trapping market in the future. Seafood products encompass a diverse range of food items derived from aquatic animals and plants harvested from freshwater and marine environments. Fishing, hunting, and trapping are the primary methods employed to acquire seafood products, which are renowned for their nutritional value. These methods involve capturing fish, shellfish, and other aquatic organisms using nets, lines, traps, and fishing vessels. For example, as of March 2023, according to the Australian Bureau of Agricultural and Resource Economics and Sciences (ABARES), a government department based in Australia, the country's fisheries and aquaculture production experienced an 8% increase to reach $3.63 billion in 2022-23. Furthermore, it is estimated to grow by 2% in 2023-24. This underscores the significant role played by the increasing demand for seafood products in propelling the growth of the fishing, hunting, and trapping market.
Prominent companies in the fishing, hunting, and trapping market are placing a significant focus on the development of cutting-edge technologies, including artificial intelligence (AI)-guided fish harvesting machines, to gain a competitive advantage in the market. AI-guided fish harvesting machines play a pivotal role in these industries by providing a more humane and less wasteful alternative to traditional fish harvesting methods. For example, in July 2022, Shinkei Systems, a U.S.-based automation agency specializing in fish harvesting automation, introduced an artificial intelligence (AI)-guided fish harvesting machine. This machine employs a Japanese fish-killing method that involves inserting a spike into the fish's brain to ensure instant and humane euthanization. The machine comprises a hopper for incoming fish, an operational area, and an output section where the fish can be directed into an ice bath. It utilizes a computer vision system to identify the species and shape of the fish it is handling. This innovation reflects the industry's commitment to more ethical and efficient practices in fishing, hunting, and trapping.
In July 2024, MSD Animal Health, a US-based veterinary bioscience company, acquired Elanco Animal Health's aqua business for $1.3 billion. This acquisition represents a major step in the aquaculture sector, strengthening MSD Animal Health's portfolio and its ability to support fish health, welfare, and sustainability. Elanco Animal Health, a US-based company, operates in the fishing, hunting, and trapping market, with a primary focus on aquaculture and fisheries health.
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.
The Asia-Pacific was the largest region in the fishing, hunting, and trapping market in 2024. Western Europe was the second-largest region in the fishing, hunting, and trapping market. The regions covered in the fishing, hunting, and trapping market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
The countries covered in the fishing, hunting and trapping market report are Australia, China, India, Indonesia, Japan, South Korea, Bangladesh, Thailand, Vietnam, Malaysia, Singapore, Philippines, Hong Kong, New Zealand, USA, Canada, Mexico, Brazil, Chile, Argentina, Colombia, Peru, France, Germany, UK, Austria, Belgium, Denmark, Finland, Ireland, Italy, Netherlands, Norway, Portugal, Spain, Sweden, Switzerland, Russia, Czech Republic, Poland, Romania, Ukraine, Saudi Arabia, Israel, Iran, Turkey, UAE, Egypt, Nigeria, South Africa
The fishing, hunting, and trapping market includes revenues earned by entities by cage traps, enclosed foothold traps, footing traps, and some kinds of cable devices. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Fishing, Hunting And Trapping Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on fishing, hunting and trapping market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for fishing, hunting and trapping ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The fishing, hunting and trapping market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.