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Marine Fishing in the UK: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Marine Fishing Market Research Report | SIC A03.110 | Nov 2016

Off the hook: Rising health consciousness has supported growth, despite recent uncertainty

IBISWorld’s Marine Fishing market research report offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

Report Snapshot
Market Share of Companies
There are no companies with a dominant market share
Industry Statistics & Market Size
Revenue
£791m
Annual Growth 12-17
-0.9%
Annual Growth 17-22
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Profit
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Employment
12,318
Businesses
6,294
Industry Analysis & Industry Trends

Marine Fishing in the United Kingdom has been hampered by choppy operating conditions over the past five years. At the beginning of the five-year period through 2016-17, restrictive quota levels and low consumer demand placed downward pressure on industry revenue. Additionally, rising competition from the aquaculture industry is also expected to have hampered industry demand. However, in recent years increased health consciousness has boosted industry demand, as consumers have begun to realise the health benefits of omega-3 fish oils. Stock levels of many marine species have improved as a result of previous fishing restrictions. However, the size and value of UK landings has decreased in recent years. As a result, industry revenue is estimated to fall at a compound annual rate of 0.9%... purchase to read more

Industry Report - Industry Locations Chapter

The composition of the Marine Fishing Industry in the United Kingdom is dependent on the number of vessels, capacity and power.

Scotland

Scotland is estimated to contribute the most to industry revenue in the current year. Scotland has the highest share price of capacity accounting for 32% of the vessels in the United Kingdom. Scotland is the largest marine fishing area in the United Kingdom, with an estimated 60% of all seafood caught in the country being derived from Scotland. Scottish fisheries land fish a variety of fish from high-margin catches such as Salmon and shellfish to low-margin catches such as Herring and Mackerel in the North Sea and the waters off the West of Scotland. Sco.. purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Marine Fishing Industry?

Operators in this industry fish for wild seafood in oceanic and coastal waters. A range of gear is used to carry out these activities, including nets, lines and stationary traps.

Industry Products
Demersal fishPelagic fishShellfish
 
Industry Activities
Line fishing TrawlingCrustacean trapping


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