According to newly released data by Future Market Insights (FMI), the global fishing tourism market is estimated to be valued at USD 72,532.2 million in 2023 and is projected to grow at a remarkable compound annual growth rate (CAGR) of 11.3%, reaching USD 211,056.7 million by 2033.
Fishermen and Coastal Economies Benefit from Fishing Tourism
The recent growth of fishing tourism offers substantial economic benefits to fishermen and local communities, especially those in coastal regions. Over the past few years, declining incomes from traditional fishing activities, driven by factors such as increased regulations and the rise of corporate firms, have prompted a need for additional income streams. Fishing tourism is emerging as a viable solution to this challenge, enabling fishermen to diversify their income while continuing with their regular fishing activities. By offering tourists the chance to join in on fishing tours, fishermen can earn supplemental income with minimal extra cost.
This trend also supports local economies, as income generated from fishing tourism contributes to a broad range of sectors, including accommodations, travel, food, and tours, providing a lifeline for coastal towns.
Eco-Tourism Drives Market Expansion
The growing global focus on eco-tourism and environmental sustainability has paved the way for fishing tourism to thrive. Tourists seeking experiences that connect them with nature have found fishing tourism to be an ideal option. The serene atmosphere of rivers, lakes, and seas, combined with the opportunity to learn new skills, has significantly boosted the appeal of fishing tourism.
Regional Insights
- United States: The fishing tourism market in the U.S. is thriving, thanks to a large consumer base of families who enjoy fishing and camping vacations. The country’s abundance of rivers, lakes, and suitable climate makes it an attractive destination for fishing tourism.
- Germany: As one of the leading markets in Europe, Germany’s well-established demand for fishing tourism continues to drive the growth of the sector.
- India: With an annual CAGR of 16.2% from 2023 to 2033, India stands out due to its vast coastlines and rivers, which attract a growing number of tourists interested in fishing activities. States like Assam, Kerala, Himachal Pradesh, Goa, and Karnataka have become key destinations.
- Italy: The warm climate, abundant fish varieties, and historical significance of the fishing tourism industry in Italy make it one of the top destinations for anglers worldwide.
Segment Insights
- Location Type: Sea fishing remains the most popular location type, accounting for 56.2% of the market share in 2022. Tourists are drawn to the variety of fish species in the deep sea and the serene, extended fishing experiences available.
- Activity Type: Participation in fishing activities is gaining traction, with more tourists keen to engage directly with the process, enhancing the revenue potential for service providers.
- Booking Channel: Online booking channels dominate the market, with more consumers opting for the convenience of booking tours and packages through digital platforms.
Key players
- Fish Travel
- Tour My India Pvt.
- Viator, Inc.,
- Worldsbestfishingtrips.com
- Angler Adventures
- iOutdoors
- Fisea
Get Strategic Guidance from Our Analyst Contact us on: +1-347-918-3531
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
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-347-918-3531
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube