According to forecasts, the fishing tourism market is expected to be valued at US$ 72,532.2 million in 2023 and US$ 211,056.7 million by 2033.
The inherent attractiveness of beaches, particularly those in the tropics, and rural regions, which contrast the metropolitan areas, raises the demand for fishing tourism. Developers’ appeal to the low cost of land and labor all contribute to the development of fishing tourism.
Expanding infrastructure and services connecting rural areas with national economies through tourism development is seen as sustainable, non-extractive development, making it appealing to federal governments and local populations.
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The growing environmental consciousness has positively impacted the expansion of the fishing tourism industry, increased adoption of environmentally friendly practices, and customers’ desire to spend time in nature. Those seeking time and relaxation benefit greatly from fishing tourism.
Besides India, fishing tourism is anticipated to see significant growth in the United States and Italy. The market expansion in these nations is driven by a sizable customer base in the United States and the rising demand for fishing vacations in Italy.
Key Takeaways
- By 2033, the fishing tourism market in the United Kingdom is likely to expand, with a CAGR of 9.8%.
- In 2022, the United States developed in the fishing tourism business with a share of 19.3%.
- The fishing tourism market grew considerably to US$ 65,127.8 million in 2022.
- The fishing tourism sector expanded at a CAGR of 13.4% from 2018 to 2022.
- By 2033, China’s fishing tourism market is projected to develop with a CAGR of 13.4%.
- By 2033, India’s fishing tourism industry is projected to expand with a CAGR of 16.2%.
- Germany’s fishing tourism market grew rapidly, reaching a 4.3% share in 2022.
- Japan’s fishing tourism industry expanded significantly, with a 5.8% share in 2022.
- Australia’s fishing tourism sector grew significantly, with a share of 6.3% in 2022.
- In 2022, the sea fishing segment dominated the market, with a share of 56.2%, based on location type.
- In 2022, the participation segment dominated the market, with a share of 58.2%, based on activity type.
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Competitors Winning Strategies
Sustainability and ethical fishing methods are increasingly important differentiators in the market. Travelers concerned about the environment favor tour companies that prioritize conservation efforts, encourage catch-and-release methods, and participate in eco-friendly projects.
The key participants in the fishing tourism industry are featured in the complete research, including Tour My India Pvt., Viator, Inc., Fish Travel, Worldsbestfishingtrips.com, Angler Adventures, Fisea, iOutdoors, and others.
The rivalry is projected to intensify as the fishing tourism sector is predicted to grow. Market participants must innovate consistently, adapt to changing customer preferences, and provide extraordinary experiences to stay ahead in this competitive environment and take advantage of the development potential.
Key Segments
By Location Type:
- River
- Lake
- Sea
By Activity Type:
- Observing
- Participation
By Booking Channel:
- Phone Booking
- Online Booking
- In Person Booking
By Tourist Type:
- Domestic
- International
By Tour Type:
- Independent Traveler
- Package Traveler
- Tour Group
By Consumer Orientation:
- Men
- Women
By Age Group:
- 15-25 Years
- 26-35 Years
- 36-45 Years
- 46-55 Years
- 66-75 Years
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