Fishing, Hunting, and Trapping Market Trends Upward with Emphasis on Conservation and Recreational Tourism

Written by Lisa Tate  »  Updated on: July 10th, 2024

Fishing, Hunting, and Trapping Market Trends Upward with Emphasis on Conservation and Recreational Tourism

Fishing, Hunting And Trapping Market - Sustainable practices & conservation efforts and recreational tourism are expected to drive the Global 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.

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.

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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

Lerøy 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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