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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 Products Chapter

The industry's key products include finfish, shellfish and other aquatic species. The BP oil spill occurred just before the start of the shrimp harvest in 2010, and catch volumes from the Gulf region are still making up lost ground, especially for shrimp. Although catch volumes were partially down due to the closure of some fisheries, fishing vessels diverted to clean-up efforts also hindered volumes. Demand for all product segments is projected to increase during the next five years on the back of population growth, recovering disposable incomes and strong export demand. The following analysis is based on data from the National Marine Fisheries Service.

Shellfish

Crabs are the most common type of shellfish, followed by scallops, shrimp and lobster... 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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