Fishing, Hunting And Trapping Market Characteristics
The fishing, hunting and trapping consists of sales by entities (organizations, sole traders and partnerships) that are engaged in fishing (including commercial aquaculture), hunting and trapping 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.
Competitive Landscape of the Fishing, Hunting And Trapping Market
Major players in the global Fishing, hunting and trapping market include Angler's Legacy, American Sportfishing Association, Keep America Fishing Organization, National Association of Sporting Goods Wholesalers, National Rifle Association
Fishing, Hunting And Trapping Market Size
The fishing, hunting and trapping market size is expected to increase by 2022, significantly growing at a CAGR of around 7.5% during the forecast period. The growth in the Fishing, hunting and trapping market is due to increase in fishing trends and increasing population.
However, the market for Fishing, hunting and trapping is expected to face certain restraints from several factors such as shifting vegetarian market and trade restrictions.
Fishing, Hunting And Trapping Market Segmentation
The global fishing, hunting and trapping market is further segmented based on type and geography.
By Type - The fishing, hunting and trapping market is segmented into fishing, hunting and trapping among these segments, the fishing market accounts for the largest share in the global Fishing, hunting and trapping market.
By Geography - The global fishing, hunting and trapping is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific was the largest region in the global fishing, hunting and trapping market.
Trends in the Fishing, Hunting And Trapping Market
Technological advanced Fish Aggregating Device (FAD) are increasing being adopted by the fishing companies for increased production. 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 the marine animals.
Potential Opportunities in the Fishing, Hunting And Trapping Market
With increase in economic development and increase in food demand, the scope and potential for the global fishing, hunting and trapping market is expected to significantly rise in the forecast period.