Fishing, Hunting And Trapping Market to Grow with a CAGR of 4.34% through 2029
Sustainable
practices & conservation efforts and recreational tourism are expected to
drive the Global Fishing, Hunting And Trapping Market growth in the forecast period,
2025-2029.
According to
TechSci Research report, “Fishing, Hunting And Trapping Market – Global Industry
Size, Share, Trends, Competition Forecast & Opportunities, 2029”,
the Global Fishing, Hunting And Trapping Market stood at USD 497.12 billion in
2023 and is anticipated to grow with a CAGR of 4.34% in the forecast period,
2025-2029. This can be attributed to the growing demand for seafood. The global
demand for seafood continues to rise, driven by increasing populations,
changing dietary preferences, and a growing awareness of the health benefits
associated with consuming fish and other aquatic products. This demand
stimulates growth in the commercial fishing sector, encouraging the exploration
of new fishing grounds and the development of sustainable fishing practices to
meet consumer needs.
Furthermore,
trapping is witnessing a shift towards regenerative agriculture practices.
Sustainable fur farming methods, such as rotational grazing and habitat
restoration, are gaining traction. These approaches not only address ethical
concerns but also contribute to the maintenance and enhancement of biodiversity
in trapping environments.
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"Global Fishing, Hunting And Trapping Market”
The Global Fishing, Hunting, and Trapping Market is a multifaceted industry encompassing both commercial and recreational activities related to the harvesting of marine and terrestrial wildlife. This market's dynamics are shaped by a range of factors, including environmental regulations, shifting consumer preferences, and economic conditions.
Within the commercial fishing sector, there exists a pivotal role in satisfying the global demand for seafood. This sector revolves around the capture and sale of fish, shellfish, and other aquatic species. Noteworthy trends within this domain include the emphasis on sustainable fishing practices, regulatory measures to curb overfishing, and the integration of innovative technologies to enhance harvesting efficiency.
Conversely, the recreational segment comprises pursuits undertaken for leisure and pleasure. Recreational fishing and hunting make substantial contributions to this market, with enthusiasts investing in equipment, gear, and licenses. The adoption of sustainable and ethical practices is gaining traction within this sphere, mirroring an increased awareness of environmental preservation efforts.
The Global Fishing,
Hunting And Trapping Market is segmented into type, application, regional
distribution, and company.
Based on
its type, hunting is the fastest-growing segment in the global Fishing,
Hunting, and Trapping market. There has been a noticeable shift in consumer
preferences towards hunting activities, driven by factors such as a desire for
outdoor experiences, interest in sustainable food sourcing, and a growing
appreciation for nature-based recreation. More individuals are seeking outdoor
activities like hunting as a form of leisure and connection with nature. Hunting
has witnessed a surge in participation globally. More people are taking up
hunting as a hobby or sport, which has contributed to the growth of this
segment within the market. This rise in participation is observed across
different demographics and geographies.
Asia
Pacific emerged as the fastest-growing region in the Global Fishing, Hunting,
and Trapping Market. The Asia Pacific region has experienced significant growth in demand for
seafood products, both domestically and for export markets. As the population
in the region grows and incomes rise, there is an increasing preference for
protein-rich diets, which includes a substantial amount of seafood. This drives
the need for fishing activities to meet consumer demand. The Asia
Pacific region leads globally in aquaculture production. Countries like China,
India, Indonesia, Vietnam, and Thailand have heavily invested in aquaculture
operations to supplement wild catch fisheries. This focus on aquaculture
contributes significantly to the growth of the fishing industry in the region.
Major companies
operating in Global Fishing, Hunting And Trapping Market are:
- 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
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“The Global
Fishing, Hunting, and Trapping Market are entering an era defined by
innovation, sustainability, and a deepened understanding of the
interconnectedness between human activities and the natural world. As these
industries adapt to emerging trends, a harmonious coexistence between economic
interests and environmental stewardship is essential for a future where the
bounty of the earth is cherished and sustained for generations to come,” said
Mr. Karan Chechi, Research Director with TechSci Research, a research-based
management consulting firm.
“Fishing, Hunting And Trapping Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Type (Fishing, Hunting, Trapping), By Application (Sportfishing Association, Fishing Organization, Others), By Region, and By Competition 2019-2029F”,
has evaluated the future growth potential of Global Fishing, Hunting And
Trapping Market and provides statistics & information on market size,
structure and future market growth. The report intends to provide cutting-edge
market intelligence and help decision makers take sound investment decisions.
Besides, the report also identifies and analyzes the emerging trends along with
essential drivers, challenges, and opportunities in Global Fishing, Hunting And
Trapping Market.
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