Commercial Fishing
Description
Brief Excerpt from Industry Overview Chapter:
Companies in this industry catch wild finfish, shellfish, and other marine products from their natural habitats. Major companies include Cooke Aquaculture (Canada), Maruha Nichiro and Nippon Suisan Kaisha (both based in Japan), and Trident Seafood (the US). Large commercial fishing companies tend to be vertically integrated, encompassing fishing, freezing, and processing operations; smaller companies may have fishing operations only.The global seafood market is forecast to reach about $350 billion by 2027, according to Statista. The Canada was the top exporter of fish and seafood products worldwide in 2024, at $1.06 billion, followed by China, accounting for $1.02 billion.
The US commercial fishing industry includes about 2,400 establishments (single-location companies and units of multi-location companies) with combined annual revenue of over $6 billion.
Seafood processing and distribution and aquaculture (fish farming) are covered in separate industry profiles.
Table of Contents
- Industry Overview
- Quarterly Industry Update
- Business Challenges
- Business Trends
- Industry Opportunities
- Call Preparation Questions
- Financial Information
- Industry Forecast
- Web Links and Acronyms
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