Commercial Fishing Market Will Grow at a Strong Rate Through 2019

by Amy James Researcher

Transparency Market Research has gathered a vast amount of data pertaining to the food and beverages industry. One of the major points of focus in this industry is the global market for commercial fishing. The report, “Commercial Fishing Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 – 2019,” thus enumerates the various trends and tendencies in this market. These can provide a user with critical insight for taking the next step towards success in the market. A key presentation in the report is also based on the future scope of the global commercial fishing market, in terms of segmented growth and possible opportunities.

The primary driver of the global commercial fishing market is the increasing awareness about the health benefits related to the consumption of seafood. Due to this, there is a growing demand for seafood even in places that did not include it as a part of their regular intake. Not only is the market benefitting from the increasing demand for fish, but it is also taking note of the increasing demand for a better variety of fish.

However, the global commercial fishing market is currently restrained by the environmental impact that uncontrolled commercial fishing can have on oceanic life. Major commercial fishing projects can remove a large number of fish from the sea in a very short amount of time, creating a deep impact on the underwater food chain. The negative effects can already be experienced across the world, and bodies such as the European Union are already taking measures to prevent overfishing.

Member states and lawmakers of the E.U. have recently agreed to embark upon a long-term plan about the excessive fishing of stocks of herring, sprat, and cod in the Baltic Sea. The plan is the beginning of a series of projects undertaken through the reformed fishing policies conducted in the E.U.

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Geographically speaking, the global commercial fishing market is currently led by the Asia Pacific region. Other major regions that form the segments of the market are Europe, North America, and the Rest of the World. Within Asia Pacific, the top regions in the market are India, China, Thailand, Japan, and Indonesia. Nearly one-third of the total fish supplied in the global commercial fishing market comes from China, the leading country in the market.

The second largest region in the global commercial fishing market is South America, in terms of production and revenue. The U.S. is another major consumer and supplier of fish and seafood in the world.

The key players in the global commercial fishing market are Waterbase Ltd., Toyo Suisan Kaisha Ltd., Umami Sustainable Seafood Inc., Tassal Group Ltd., Hudson Fish Co., and Shanghai Kaichuang Marine International Co Ltd.

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