The global fishing, hunting and trapping market size is expected to grow from $0.94 trillion in 2021 to $1.03 trillion in 2022 at a compound annual growth rate (CAGR) of 10.2%. The global fishing, hunting, trapping market size is expected to grow to $1.51 trillion in 2026 at a CAGR of 9.9%.
What is the Global Fishing, Hunting And Trapping Market?
The fishing, hunting, and trapping market consists of sales of fishing, hunting, and trapping products by entities (organizations, sole traders, and partnerships) that are engaged in fishing (including commercial aquaculture), hunting, and trapping activities. This market excludes processed products such as canned food and game meat (after butchering). This market also excludes proceeds from captive (internal) consumption of the 'fishing, hunting, and trapping' produce for further processing.
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What drives the Global Fishing, Hunting And Trapping Market?
Technological advanced Fish Aggregating Device (FAD) are increasingly being adopted by the fishing companies for increased production, driving the market. FAD is a structure or device, made of any material, used to lure fish. In recent years, the FAD is available with sonar and satellite buoys for receiving efficient tracking information related to marine animals.
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Global Fishing, Hunting And Trapping Market Segments
The global fishing, hunting and trapping market is segmented:
By Type: Fishing, Hunting and Trapping
By Application: Sportfishing Association, Fishing Organization, Others
By Geography: The regions covered in the fishing, hunting and trapping market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
Fishing, Hunting And Trapping Global Market Report 2022provides market size and growth forecasts for the global fishing, hunting and trapping market, global fishing, hunting and trapping market share, fishing, hunting and trapping market segments and geographies, fishing, hunting and trapping market competitive landscape including leading competitors’ revenues, profiles and market shares. The fishing, hunting and trapping market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
Global Fishing, Hunting And Trapping Industry Playersinclude 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. Based on industry trends and company analysis, the report explains a number of strategies for companies in the market.
