Global Fishing, Hunting And Trapping Market Share Analysis 2024, Forecast To 2033
11 Jan, 2024
The market for fishing, hunting, and trapping has experienced robust growth, climbing from $1085.26 billion in 2023 to $1162.13 billion in 2024, reflecting a 7.1% Compound Annual Growth Rate (CAGR). Historical growth is attributed to traditional subsistence, recreational and sport hunting, commercial fishing, conservation and wildlife management, and cultural and heritage practices. Projections suggest continued robust growth, reaching $1518.66 billion in 2028, with a 6.9% CAGR. This trajectory is fueled by sustainability and conservation efforts, ecotourism, adoption of technology (GPS tracking, mobile apps, drone-assisted hunting and fishing), climate change impact, and changing regulations. Key trends include wildlife photography, catch and release fishing, hunting for conservation, ethical and sustainable hunting, and farm-to-table and local seafood.
Global Fishing, Hunting And Trapping Market Key Driver
The rising demand for seafood products is a key driver for the fishing, hunting, and trapping market. Seafood, derived from aquatic animals and plants, is in high demand. In Australia, fisheries and aquaculture production increased by 8% to $3.63 billion in 2022–23, with an estimated 2% increase projected for 2023–24. This increasing demand for seafood products is a significant factor propelling the growth of the fishing, hunting, and trapping market.
Get A Free Sample Of The Global Fishing, Hunting And Trapping Market ReportGlobal Fishing, Hunting And Trapping Market Segments
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
By Geography: 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. Among these regions
The Asia-Pacific was the largest region in the fishing, hunting, and trapping market in 2023. 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.
Major Fishing, Hunting And Trapping Industry Players
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
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Fishing, Hunting And Trapping Market Overview
Fishing, hunting, and trapping refer to taking fish and other wild creatures out of their native habitat. This covers both commercial hunting and trapping as well as fishing for both finfish and shellfish species. It is a subsector of the fishing, hunting, forestry, and agriculture industries. Industries in the fishing, hunting, and trapping subsector take advantage of the availability of the natural resource to gather fish and other wild animals from their natural habitats.
Fishing, Hunting And Trapping Global Market Report 2023 provides data on the global fishing, hunting and trapping market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The fishing, hunting and trapping market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.