Global Fishing, Hunting And Trapping Market Trends, Growth, Overview And Forecast To 2032

 

The Fishing, Hunting And Trapping Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2011-2022) and extends its insights into a ten-year forecast period (2024-2033).

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According to The Business Research Company’s Fishing, Hunting And Trapping Global Market Report 2024, The fishing, hunting and trapping market size has grown strongly in recent years. It will grow from $1085.26 billion in 2023 to $1162.13 billion in 2024 at a compound annual growth rate (CAGR) of 7.1%.  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 $1518.66 billion in 2028 at a compound annual growth rate (CAGR) of 6.9%.  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 increasing demand for seafood products is expected to propel the growth of the fishing, hunting, and trapping market going forward. Seafood products refer to a wide variety of food items derived from aquatic animals and plants that are harvested from freshwater and marine environments. Fishing, hunting, and trapping are used to obtain seafood products which are rich in nutrients and it involves catching fish, shellfish, and other aquatic organisms with the help of nets, lines, traps, and fishing vessels. For instance, in March 2023, according to the Australian Bureau of Agricultural and Resource Economics and Sciences (ABARES),a Australia based government department, the Australian fisheries and aquaculture production has increased by 8% to $3.63 billion 2022–23 and it is estimated that it will increase by 2% in 2023–24.Therefore, increasing demand for seafood products is driving the growth of the fishing, hunting and trapping market.

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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

The Fishing, Hunting And Trapping Market Report Table Of Contents Includes:
1. Executive Summary
2. Market Characteristics

3. Market Trends And Strategies

4. Impact Of COVID-19

5. Market Size And Growth

6. Segmentation

7. Regional And Country Analysis

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27. Competitive Landscape And Company Profiles

28. Key Mergers And Acquisitions

29. Future Outlook and Potential Analysis

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