As per newly released data by Future Market Insights (FMI), the fishing tourism sector is estimated at USD 72,532.2 million in 2023 and is projected to reach USD 211,056.7 million in 2033.
Fishermen and Local Economy Benefit from The Income Generated.
The decline in incomes of fishermen and local fishing towns is due to a variety of reasons, including the regulations and the emergence of corporate firms in the fishing industry. There has been a need for a solution to counter this decline in income; fishing tourism offers the perfect opportunity for coastal towns to earn supplemental income in different ways like accommodations, travel, food, and tours.
The fishermen continue their regular fishing activities while providing tours to the tourists, earning additional income with a little extra cost.
| Attribute | Details |
|---|---|
| Fishing Tourism Market CAGR (2023 to 2033) | 11.3% |
| Fishing Tourism Market Size (2023) | USD 72,532.2 million |
| Fishing Tourism Market Size (2033) | USD 211,056.7 million |
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Market valuation exceeds from USD 43,841.9 million in 2018 to USD 65,127.8 million in 2022, expanding with a CAGR of 10.4% during this period.
The fishing tourism sector is forecasted to grow at an exceptional rate during the forecast period. This is due to a certain number of factors that have positively affected the market. The rise of people wanting specialized tourism activities where their tours are specifically designed to complete one activity.
With the decrease in income related to fishing activities, fishermen are looking to diversify their income stream; this leads them to look at fishing tours as one of the options. This has given rise to the market across the globe and led it to a path of growth. The fishing tourism industry has a positive outlook for the forecast period.
The growing trend for environmental friendliness and the demand of consumers to spend time in nature has given a pathway to growth for the fishing tourism business. Fishing tourism offers these consumers a calming and fun tour, where they are closer to serene rivers or seas, and learn new skills. The need of consumers to be closer to nature has thus positively benefited the market while giving the firms a key selling point for their tour packages.
Principal Consultant
| Country | Market Share (2022) |
|---|---|
| United States | 19.3% |
| Germany | 4.3% |
| Japan | 5.8% |
| Australia | 6.3% |
Warm climate, broad number of fish variety and experience of firms drive the market for fishing tourism in Italy
The climate in Italy is warm like most of the Mediterranean countries, which has been beneficial in attracting international fishing and angling enthusiasts. The abundance of fish varieties like the Mediterranean Spearfish, Bluefish, Amberjack, Albacore, Barracuda, etc. has been one of the key factors in attracting these international tourists to the Italy market.
The emergence of the fishing tourism industry is traced back to Italy as the country where it gained prominence the earliest. These factors have made the Italy fishing tourism sector highly matured and lucrative for the firms to venture into.
The huge consumer base of families preferring fishing and camping activities for vacations, keep the market in the United States relevant
The United States has had a culture of camping and fishing vacations, with a strong consumer base of urban families that prefer these activities. The United States is blessed with a large number of rivers and a suitable climate across the country, where activities like rafting and fishing are quite popular.
This provides the perfect opportunity for the market to exist and thrive in the United States. The presence of firms that offer comprehensive tour packages and wide options of activities and destinations also makes the market in the United States highly lucrative, efficient, and relevant.
| Country | Market CAGR (2023 to 2033) |
|---|---|
| India | 16.2% |
Large coastlines and rivers in India provide tourists with an extensive amount of options to choose from
The abundance of coastal locations and rivers in India makes it a very popular destination for tourists interested in fishing tourism. National parks like the Corbett National Park are popular destinations for fishing; famous rivers and coastal areas in states like Assam, Kerala, Himachal Pradesh, Goa, and Karnataka are popular for fishing and angling activities.
A substantial amount of local tour operators offer fishing tourism packages in these states and areas, creating a booming market for fishing tourism in India.
| Segment | Location Type |
|---|---|
| Top-segment | Sea Fishing |
| Market Share (2022) | 56.2% |
| Segment | Activity type |
|---|---|
| Top-segment | Participation |
| Market Share (2022) | 58.2% |
Sea fishing is the most preferred location type in the market
Fishing in the sea has been quite popular among the tourists in the fishing tourism market. The reason has been the wide number of fish varieties present in the deep sea and the consumer demand of experiencing the serene and peaceful views of the sea.
Fishing tourism locations in the sea are popular among consumers looking for a longer duration of tourism, where they enjoy fishing as well as the other activities offered by the fishing charters. Sea fishing tourism lands on the higher cost-side of the location type in the fishing tourism industry, making it a leading revenue generator in the market.
Participation in the fishing and crew activities is gaining popularity among the consumers
The bulk of the tourists in the fishing tourism sector prefer to be observers in the process of fishing and other related activities. While this fairly makes up the market, the other category i.e. participation in the process of fishing is also gaining popularity among the tourists.
The number of people interested in actually working with the crew and experiencing the whole process that regular fishermen go through is increasing day by day, this is expected to help grow the market substantially since the amount of revenue generated by this activity is on the higher side.
The online booking channels lead the bookings in the market
The increase in the number of firms and other service providers of fishing tourism that have an online presence has been beneficial for the market as a whole. Consumers now prefer booking their trips and tours online as it has become a far more convenient and hassle-free process.
The option to choose from thousands of tour packages without making calls or contacting multiple firms has helped the online booking channels segment gain prominence in the booking channel category. These factors have made the online booking channel the most preferred booking channel in the market.
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How Key Players in the Market Add up to the Revenue Streams?
Providing consumers with comprehensive packages and the full experience of fishing and angling activities are the key to maintaining a competitive edge in the market. Firms operating in the market currently offer consumers with experienced crew, online bookings, and other optional services.
To accommodate a wide range of consumer interests, key fishing tourism operators are increasing their offers and destinations. To offer great fishing experiences, they are making investments in brand-new fishing gear, cutting-edge boats, and experienced guides. In order to get access to great fishing areas and improve consumer happiness, alliances are also being formed with nearby municipalities and fishing clubs.
For Instance:
Fisea a tour provider in Italy offers customers an experienced crew and deep sea fishing packages while providing different options to choose from.
The fishing tourism market is estimated to be worth US$ 72,532.2 million in 2023.
The fishing tourism sector is expected to have a CAGR of 11.3% by 2033.
The fishing tourism industry expanded at a share of US$ 65,127.8 million in 2022.
North America expanded in the fishing tourism business, with a share of 23% in 2022.
The fishing tourism sector is expected to have a valuation of US$ 211,056.7 million by 2033.
1. Executive Summary 2. Market Overview 3. Market Background 4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033 5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Location Type 5.1. River 5.2. Lake 5.3. Sea 6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Activity Type 6.1. Observing 6.2. Participation 7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Booking Channel 7.1. Phone Booking 7.2. Online Booking 7.3. In Person Booking 8. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Tourist Type 8.1. Domestic 8.2. International 9. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Tour Type 9.1. Independent Traveler 9.2. Package Traveler 9.3. Tour Group 10. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Consumer Orientation 10.1. Men 10.2. Women 11. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Age Group 11.1. 15-25 Years 11.2. 26-35 Years 11.3. 36-45 Years 11.4. 46-55 Years 11.5. 66-75 Years 12. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region 12.1. North America 12.2. Latin America 12.3. Western Europe 12.4. Eastern Europe 12.5. South Asia and Pacific 12.6. East Asia 12.7. Middle East and Africa 13. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 14. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 15. Western Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 16. Eastern Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 17. South Asia and Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 18. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 19. Middle East and Africa Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 20. Key Countries Market Analysis 21. Market Structure Analysis 22. Competition Analysis 22.1. Fish Travel 22.2. Tour My India Pvt. 22.3. Viator, Inc., 22.4. Worldsbestfishingtrips.com 22.5. Angler Adventures 22.6. iOutdoors 22.7. Fisea 23. Assumptions & Acronyms Used 24. Research Methodology
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Fishing Tourism Market
