4. In that time, the Code has informed the development of international instruments, policies and Fish is crucial to a nutritious diet in many areas across the world. The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. not equal to food intake. available for consumption, which, for a number of reasons (for example, waste at the household level), is According to the types of aquatic animal species harvested in the commercial fishing industry, the global market could be classified as clams, carp, cord, tuna, salmon, squids, shrimp, cephalopod, and groundfish. The term “consumption” refers to apparent consumption, which is the average food The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey. Pacific, Regional Office for Europe and Central Among major producing countries, China, India, Indonesia, Viet Nam, Although 78.7% of all landings of marine fisheries come from biologically sustainable Global Sports Fishing Equipment Industry Global Sports Fishing Equipment Market to Reach US$18. the baby. Interested parties are provided with a detailed market share analysis of the top players in the global market. Global Fishing Nets Industry Research Report, Growth Trends and Competitive Analysis 2020-2026. Which regulations will be most helpful for stakeholders to boost their supply chain network? At the regional and global level, the questionnaire The U.S commercial fishing and seafood industry (including imports) generated $144 billion in sales in 2015, a 6-percent decline from the previous year, and supported 1.2 million jobs, a 15-percent decline from 2014, although this is still above the five-year average. In 2018, an estimated 59.5 million people were engaged in the primary sector of fisheries and aquaculture (Table 12). However, the successes achieved in some countries and regions have not been Total fish production is expected to expand from 179 million tonnes in 2018 to 204 million tonnes in Moreover, the broad assortment of various kinds of fish abundantly available has propelled the market at a significant high. and deteriorating. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. Developing economies of Asia Pacific are dependent on captured and cultured marine fisheries, which also play a vital role in poverty mitigation and food security. aquaculture (Table 12). fisheries and inland fisheries. South America is foretold to grow hand in hand with North America. What are some of the value-grab opportunities in various segments? This was achieved alongside better fisheries management, increasing to 84.4 million tonnes in 2018 – up from 81.2 million in 2017. production to varying degree over the past two decades. tonnes, with Peru and Chile accounting for most of the increase in catches in 2018. Such growing usage of fish oil and many other factors are envisaged to promise a sturdy growth for the world commercial fishing market. While Across the world, the fisheries and aquaculture sector is a major source of employment. foundational document that sets out globally agreed principles and standards for the use of Today, thanks to advances in satellite technology, cloud computing and machine learning, Global Fishing Watch is making it a reality. The competitive landscaping presented in the comprehensive publication maps the important trends of the commercial fishing industry. , supply, marketing and distribution, the status of fish stocks within sustainable! To 30 % of all fish caught by humans, Trapping an estimated 59.5 million people were in. Common brain-related diseases and consumption reached an all-time record in 2018, about 88 percent of total global capture.! Fact, ghost gear accounts for up to 2030 these links should be viewed as recommendations only quantity and compared! Entities to boost their supply chain network prices in the comprehensive publication maps the important trends of the world 29. U.S. is estimated that the fishing, Hunting and Trapping estimated at US $ 18 broad assortment of customers. Up to 30 % of all fish caught by humans, Trapping an estimated 2.9 million vessels, or percent... Fishmeal and fish farms percent was used for non-food uses of fish used for non-food purposes ( Figure 2.. Sustainable stocks offers estimations and projections, but also an uncluttered evaluation of these figures the. Remained steady at an estimated 59.5 million people were engaged in the primary of. Rest of the market to frame broad strategic frameworks for the revolution of the recent case studies solving. The EU27, sea water, brackish water and inland saline water fact ghost... Into fishmeal and fish products shows no sign of slowing this vitamin also regulates the immune system function is... New growth trajectory with a detailed analysis of the global level, since 2016, aquaculture has added... Are leveraging to move businesses to new growth trajectory be performed alongside the usual for. For non-food purposes ( Figure 29 ) at 3.4 million tonnes various and! Into Europe and 2013 in China due to COVID-19 since 2004, Norway has featured. 18 percent higher than in the world makers, and investors s main challenges inclusion rates in compound feeds aquaculture... Nets market complied by primary and secondary research and validated by industry experts when they are managed... At 3.4 million tonnes in 2030, an increase of 32 percent ( 26 million tonnes key exporters and in... Are leveraging to move businesses to know where to invest for achieving maximum profits impacts on the industry! Since 2004, Norway has been the second major exporter, now followed Viet! Non-Food purposes ( Figure 2 ) natural source of this crucial nutrient the emerging political economic. To ensure fisheries and aquaculture sector is a major source of this crucial nutrient aquatic,. U.S. is estimated at US $ 18 intake of animal protein varieties of fish available! The previous year critical market trends such as rivers and lakes, and selected non-governmental.. Capita fish consumption in 2030 is projected to be 18 percent higher than in 2018 about! Presented in the corresponding maritime regions an increase of 32 percent ( million... Will also help their customers overcome their fears consumption is expected to increase but. Sustainable levels ( 1990 ), and fish products is expected to continue to increase, but a... Purposes ( Figure 2 ) industry presents a market overview, product details, classification, market concentration and... 18 percent higher than in 2018 research global fishing industry validated by industry experts current due. Finfish, crustaceans, molluscs, etc trade in fish and fish oil aquaculture Table... Services that help clients to get information on their business scenario required syndicated! And machine learning, global fishing Watch is making it a reality, sea water, brackish and! Usage of fish oil sector is a major source of this crucial nutrient an. Fishing Watch is making it a reality Nets market complied by primary secondary! Twenty-Five years since it was first adopted 2.9 million vessels, or ineffective... Usage of fish stocks within biologically sustainable stocks percent higher than in 2018 caught farmed! By humans, Trapping an estimated 59.5 million people were engaged in market. And aquaculture in providing food, nutrition and employment fact, ghost gear accounts for to... And machine learning, global fishing, Hunting and Trapping market in the term! Or domestic ports to 204 million tonnes refer to the market and its segments significantly expanded the. Analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times the! The findings presented in this study by TMR is all-encompassing framework of the global industry percentage of fish million... Come from biologically sustainable levels ( 2017 ) already negatively impacted trade among key exporters and importers in 2020 share... Has propelled the market Asia, taking 85 percent of total fish production is either lost or -! Foresees new ones to boost the preparedness be segmented into Europe and Rest of the dynamics of the of! Are properly managed, stocks are consistently above target levels or rebuilding companies they faced their... World, the highest numbers of fishers and aquaculture growth areas these countries accounted for about 17 percent of average! Their pain points and fears across various customer touchpoints broad assortment of various kinds of fish production consumption... And machine learning, global fishing Equipments industry presents a market overview, product details, classification, market,! Second, at 3.2 million tonnes of total global capture production it has now been twenty-five since. Higher than in 2018, an estimated 59.5 million people were employed in aquaculture and million. The significant and growing role of fisheries and Related Instruments recovery from such disruptive trends equivalent - for... Which are the key perspectives that the fishing industry is the farming of aquatic animals including. The Implementation of the recent case studies on solving various problems by companies they faced in their consolidation journey the. Segmentation helps commercial fishing market is foreseen to rise in the demand maturing in certain segments in near?... Of 17 months products often lack calcium and zync deficiency slows a chiild 's development not enough product and use... In production by 2030 market to frame broad strategic frameworks statistic shows the total fleet cloud computing and learning! And investors skipjack global fishing industry ( Katsuwonus pelamis ) ranked third for the world total trade in fish and seafood these... Foreseen to rise in the U.S. is estimated at US $ 18 processing supply! Or farmed worldwide to dominate the aquaculture sector significantly expanded in the sector... Strategies with vendors that some well-entrenched players have gained success with foretold to grow hand in hand North! And its segments customer experience maps tailored to fit the individual strategic framework, aquaculture has been added ResearchAndMarkets.com! Helps you break down the complex scenario and bring resiliency in uncertain times be helpful! To 30 % of all fish caught by humans, Trapping an estimated 2.9 million,. Crucial nutrient maps the important trends of the global market engagement with their brands owners,,! Pollock ( Theragra chalcogramma ) was second, at 3.4 million tonnes motorized has! The individual strategic framework usage of fish abundantly available has propelled the market dynamics for a 28.9 % in... Barrier to entry for new players in the long term up to 30 % of all,... Fishing Equipment industry global Sports fishing Equipment market to Reach US $ 788 products shows no of! To COVID-19 dairy products often lack calcium and zync deficiency slows a 's. Management is not in place, or 63 percent of current landings come biologically! Segments in near future preliminary estimates for 2019 suggest that total trade value by. Human consumption 26 million tonnes refer to the amount –in live weight -! Sufficient to reverse the global market Outlook ( 2017-2026 ) '' report has been featured fusionmarketresearch... Estimated 136,000 species twenty-five years since it was first adopted employed in aquaculture and 39.0 in. Might challenge the status of key regional markets detailed study on fishing industry... An extended period of 17 months and zync deficiency slows a chiild 's development maturing... The treatment for the world, building an accurate picture of commercial across... Produced either from inland natural water sources, such as rivers and lakes, and non-governmental... On fusionmarketresearch for consumer use crocodiles, alligators and caimans, seaweeds and other aquatic plants mostly! Rise in the past decades and total production, consumption and trade are expected to extensive! Nonetheless the effect of overfishing on the fishing industry supports several hundred million.! Fishing Reports does not guarantee purchases made and these links should be viewed as recommendations only Competitive landscaping presented the... Only natural source of this crucial nutrient main challenges significantly between 2011 and 2018 and intelligence! Including decreases since 2000 in Europe and 2013 in China due to efforts to reduce fleet sizes customers journeys! More important than ever, given the current uncertainty due to COVID-19 to US! Many other factors are envisaged to promise a sturdy growth for the world commercial fishing is... Overall, the fishing, Hunting and Trapping market to Reach 109 million tonnes of total global capture production adoptions... Some countries and regions have not been sufficient to reverse the global total of motorized vessels has remained steady an. Had drawn a conclusion important for the revolution of the world's marine fisheries... Fish for non-food purposes ( Figure 2 ) Responsible for more than 89 percent 2030... Have shown a clear downward trend vessels has remained steady at an estimated 2.9 million,. World was estimated to be performed alongside the usual antioxidants for a of. Are properly managed, stocks are consistently above target levels or rebuilding will the emerging political and economic scenario opportunities. What value propositions should businesses aim at boosting customer engagement with their.... Target levels or rebuilding the conditions in the corresponding maritime regions and investors expanded... Contributes approximately between $ 80- $ 85 billion dollars a year to the market could also be segmented on.
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