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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 | May 2016

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 11-16
0.9%
Annual Growth 16-21
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Profit
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Employment
72,210
Businesses
67,453
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 - Starting a New Business Chapter

The Fishing industry's medium level of barriers to entry indicates a practice that, while accessible to moderately capitalized investors, does pose some logistical and financial hurdles. Like agricultural pursuits, a fair degree of success depends on natural factors like weather that are out of an operator's control. In this way, an individual's personal know-how and expertise can make the difference between breaking through the following barriers and being broken by them. IBISWorld analysis reveals that licensing, fish availability, tariffs and capital costs pose the most important barriers to entry.

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Industry ProductsRelated ReportsTable of Contents

What is the Fishing Industry?

Operators 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 operators 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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