Fishing Industry

U.S, Commercial Fishing & Hunting Industry: $1.1 Trillion Annually in Supply Chain Opportunities

U.S. Commercial Fishing & Hunting Industry: Market Overview

The Commercial Fishing, Hunting, and related industries contribute over $1.1 trillion to the United States economy. Commercial Fishing contributes $200 Billion, and Hunting, with outdoor recreational activities, contributes over $880 billion to this market. Commercial fishers harvest fish and seafood while farm fisheries or aquacultures raise fish products for consumption. Delivery of fish products to consumers utilizes the U.S. food supply chain, which involves interactions between many buyers and suppliers. First-line handlers, process, and package seafood and fresh fish for distribution to retail, wholesale stores, and restaurants. Processors convert fresh fish and seafood into fillets, steaks, and other frozen breaded, canned, and smoked products.

Further processing prepares products that are ready to consume, such as seafood salads and other items. The wholesale supply chain includes companies that store food products in warehouse facilities before retail distribution. The industry requires an extensive transportation infrastructure — refrigerated distribution of seafood and fish products to retailers and foodservice companies. Food services include restaurants, fast-food, eating, and drinking establishments.

As of 2018, over 40 percent of the U.S. population participated in hunting and fishing recreational activities. Companies offering equipment to this market are challenged with competitive pricing and offering new innovative products. Many of the products sold are manufactured overseas, requiring expertise and demand for import-export companies and supporting transportation infrastructure to manage orders. Online stores have become popular to execute on-demand orders compared to retail sales requiring extensive inventories held in warehouses over more extended periods.

This article provides a breakdown of income and expenditures for industry sectors that contribute to the U.S. Commercial Fishing & Hunting Industry supply chain. Five year spend trends help identify Growth Industries and Target Markets for goods and services purchased or sold.

Top Growth Markets and Supply Chain Opportunities

The table below lists the NAICS codes and Industry Sectors that contribute to U.S. Agriculture and Farming. Five-year income growth trends can be used to identify industries to target for sales. Product names represent goods and services (Commodities) detailed in our Market Research Reports. AllBizOps recommends using the table to start an Industry Analysis and identify which reports will be needed to complete your analysis. See AllBizOps Market Research Reports for more Buyer and Supplier information within your sector of interest.

Report
Title
NAICS
Codes
Products, Services &
Commodities Covered
Market
Potential
Marketing
List Size
Commercial fishing114111, 114112, 114119anchovy, fishing, bluefish, cod, croaker, dolphin, eel, finfish, flounder, salmon, trout, fisheries, grouper, haddock, hake, halibut, herring, lingcod, mackerel, mahimahi, menhaden, mullet, perch, pilchard, pollock, porgy, ray, rockfish, sablefish, sea bass, shark, snapper, swo, clam, crabbing, crayfish, fisheries, shellfish, lobster, mussel, octopus, oyster, scallop, sea urchin, crab, shrimp, squid, frog, seaweed, sponge, terrapin,
turtle
High2,036
Commercial hunting and trapping114210animal trapping, hunting, wild game products, pelts, fursMedium755

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