Fishing Market Report 2026

The fishing market size has grown strongly in recent years. It will grow from $602.3 billion in 2025 to $639.59 billion in 2026 at a compound annual growth rate (CAGR) of 6.2%. The growth in the historic period can be attributed to rising interest in outdoor activities, traditional fishing culture, growth in local fishing communities, availability of natural water bodies, expansion of small-scale fishing methods.

The fishing market size is expected to see strong growth in the next few years. It will grow to $820.73 billion in 2030 at a compound annual growth rate (CAGR) of 6.4%. The growth in the forecast period can be attributed to rising demand for recreational fishing, increasing interest in sustainable fishing, growth in online fishing gear sales, expansion of fishing tourism, development of advanced fishing equipment. Major trends in the forecast period include increasing popularity of recreational and sports fishing, growing demand for specialty fishing gear and equipment, rising interest in eco-friendly fishing practices, expansion of organized fishing events and competitions, growth in fishing tourism across natural water bodies.

The growth of aquaculture is expected to drive the expansion of the fishing market in the coming years. Aquaculture involves the controlled farming and breeding of aquatic organisms, including fish, shellfish, and algae, in freshwater or marine environments. This growth is primarily fueled by rising global demand for seafood, as population increases and dietary preferences shift toward protein-rich aquatic foods, requiring production beyond the sustainable limits of traditional capture fisheries. The expansion of aquaculture directly supports fishing activities by providing feed ingredients, restocking wild populations, and generating employment opportunities throughout the seafood supply chain. For example, in September 2025, the Department of Agriculture, Fisheries, and Forestry, an Australia-based government organization, reported that through the NHT, the Australian Government launched the $302.1 million Climate-Smart Agriculture Program, spanning five years from 2023-24 to 2027-28. Consequently, the growth of aquaculture is fueling the expansion of the fishing market.

Leading companies in the fishing market are focusing on forming strategic partnerships to promote sustainable fishing practices and secure a competitive advantage. These collaborations involve various stakeholders, including fishery participants, seafood businesses, retailers, and NGOs, to implement actions that support sustainable seafood production. For example, in July 2024, the Southeast Asian Fisheries Development Center (SEAFDEC), an intergovernmental organization based in Thailand, announced a five-year partnership with the United States Agency for International Development (USAID), a federal agency from the U.S. The goal of this partnership is to improve the management of fisheries and aquaculture resources, promoting sustainable practices to protect biodiversity and enhance livelihoods in the Indo-Pacific region. Key objectives include supporting the implementation of sustainable fishery policies, providing resources and capacity-building for fishers, and strengthening the operational capabilities of national fisheries agencies to tackle illegal, unreported, and unregulated fishing.

In December 2024, Cooke Inc., a Canada-based provider of aquaculture, wild-caught fisheries, and marine ingredient products, acquired Corporación Pesquera Inca S.A.C. (Copeinca) for an undisclosed sum. Through this acquisition, Cooke Inc. aims to strengthen its global marine ingredients business, expand its presence in the South American fisheries market, and enhance its sustainable seafood production capabilities. Corporación Pesquera Inca S.A.C. is a Peru-based company engaged in anchoveta fishing and the production of fishmeal and fish oil, operating a large fleet and multiple processing facilities along the Peruvian coast.

Major companies operating in the fishing market are Maruha Nichiro Corporation, Nissui Corporation, Thai Union Group Public Company Limited, Dongwon Enterprise Co. Ltd., Red Chamber Co., Trident Seafoods Corp., Austevoll Seafood ASA, Sildarvinnslan HF, Aleutian Spray Fisheries Inc., Admiralty Island Fisheries Inc., Beaver Street Fisheries Inc., Andrew Marr International Ltd., Kyokuyo Co. Ltd., Cooke’s Fishing Division Inc., Brim hf, PT Cilacap Samudera Fishing Industry Tbk, Sahlman Seafoods Inc., Charoen Pokphand Foods Group Co. Ltd., Marubeni America Corp., Thai Union Frozen Products Public Co. Ltd., Maruha Nichiro Group subsidiaries, Nippon Suisan Kaisha (Nissui) group fleets, Dongwon Industries fleet operations, Kyokuyo Group fishing subsidiaries, Red Chamber Group fishing subsidiaries.

Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report’s Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.

Tariffs are impacting the fishing market by raising the cost of imported fishing gear, boats, nets, and related equipment, which increases expenses for both recreational and commercial fishers. Segments relying heavily on imported materials such as large nets, rods, reels, and trolling equipment are most affected, particularly in regions with strong fishing cultures like North America, Europe, and Asia-Pacific. While tariffs may slow equipment purchases and increase operational costs, they also encourage local manufacturing, support domestic supply chains, and stimulate innovation in affordable, locally produced fishing tools.

The fishing market research report is one of a series of new reports that provides fishing market statistics, including fishing industry global market size, regional shares, competitors with a fishing market share, detailed fishing market segments, market trends and opportunities, and any further data you may need to thrive in the fishing industry. This fishing market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Fishing encompasses the activity or business of capturing fish using various techniques, such as fly-fishing, baitcasting, spinning, trolling, and other methods involving boats propelled by paddles, oars, or sails.

The primary fishing methods include pots and traps, line and pole, large nets, and single-line trolling. Pots and traps involve using nets or structures to guide fish into an enclosure, making it challenging for them to exit. This method is employed in diverse locations, including rivers, lakes, and seas, to catch various species such as clams, carp, tuna, salmon, squids, shrimp, cephalopods, and groundfish. The harvested fish are distributed through both online and offline channels, serving individual consumers, clubs, and sports organizers as end-users.Asia-Pacific was the largest region in the fishing market in 2025 and is expected to be the fastest-growing region in the fishing market report during the forecast period. The regions covered in the fishing market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the fishing market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The fishing market includes revenues earned by entities by providing services such as culturing, processing, preserving, storing of fishing related consumables items. The market value includes the value of related goods sold by the service provider or included within the service offering. The fishing market also includes sales of hooks, fishing rods, nets, traps which are used in providing fishing services. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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