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Fishing in the US: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Fishing Market Research Report | NAICS 11411 | Oct 2014

On the hook: Exports and overfishing prevention will determine industry success

IBISWorld’s Fishing market research report is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.

Report Snapshot
Market Share of Companies
There are no companies with a dominant market share
Industry Statistics & Market Size
Revenue
$6bn
Annual Growth 09-14
5.6%
Annual Growth 14-19
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Profit
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Employment
82,037
Businesses
72,963
Industry Analysis & Industry Trends

In the long term, the industry will benefit from measures taken to prevent overfishing, such as the license buyback scheme. This scheme will have broad ranging implications for industry revenue. It may reduce the number of establishments given the paucity of licenses, but it may also allow larger catches with fewer operators, increasing economies of scale and possibly make those companies that remain more profitable... purchase to read more

Industry Report - Industry SWOT Analysis Chapter

IBISWorld analysis reveals that the Fishing industry is in a mature stage of its life cycle. Over the 10 years to 2019, industry value added (IVA), which measures the industry's contribution to the US economy, is projected to increase at an average rate of 2.5% per year. In comparison, US GDP is also forecast to rise at an average rate of 2.5% annually during the same period. The matching growth rates is indicative of a mature industry.

Downstream markets for the industry's products are clearly defined. Exports have consistently accounted for the vast majority of revenue, as prices received overseas (especially in Asian countries) are higher than the prices received in the United States... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Fishing Industry?

Firms in this industry primarily catch finfish, shellfish and miscellaneous marine products for commercial sale with little to no alteration or further processing. Aquaculture is excluded, and firms that realize the bulk of their revenue through fish processing are also excluded.

Industry Products
ShellfishFinfishOther species
 
Industry Activities
Catching finfishCatching shellfishCatching other marine species


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