Fort Collins, Colorado, April 25, 2024 (GLOBE NEWSWIRE) --
Sustainable practices in the fisheries is expected to drive the spearfishing equipment market growth.
The fisheries sector has experienced remarkable growth over the past decade, with fish production reaching approximately 184.1 million tonnes in 2022, as the Food and Agriculture Organization (FAO) reported. This growth trajectory is expected to continue, driven by sustainable aquaculture expansion, effective fisheries management practices, and advancements in food and value chains. Projections indicate that per capita consumption of aquatic foods could rise to 25.5 kg by 2050, underscoring the sector's potential for further expansion.
Effective fisheries management plays a crucial role in maintaining healthy fish stocks. When managed appropriately, fishing stocks have shown consistent growth or have remained above target levels. However, inadequate management practices have led to declines in fish stocks, highlighting the importance of sustainable fishing practices.
Spearfishing is emerging as a highly effective and environmentally friendly fishing method. This approach enhances accuracy and reduces the risk of unintentionally catching protected species, minimizing collateral damage to marine life. Spearfishing ensures that only fish suitable for consumption are caught and utilized.
Moreover, spearfishing is considered a sustainable and eco-friendly fishing method. It enables highly selective catches in quantity, species, and size, as spearfishers target specific fish tactically rather than indiscriminately capturing every passing fish. Additionally, spearfishing does not involve using bait, preventing pollution from accidental bait release or contamination. Furthermore, spearfishing poses minimal risk to non-targeted fish species and underwater ecosystems. Spearfishers prioritize ethical hunting practices and often operate in shallow waters, minimizing disturbance to marine habitats compared to traditional fishing methods.
Spearfishing is gaining popularity as a marine-life-friendly fishing technique that aligns with sustainability and environmental conservation principles. Its selective approach and minimal environmental impact make it an attractive option for fishers seeking eco-friendly alternatives to traditional fishing methods.
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Segmentation Overview:
The spearfishing equipment market has been segmented into equipment, application, and region.
The living category dominates the spearfishing equipment in the forecast period.
- Based on the application, the market is further sub-segmented into spearfish for living, underwater target shooting, sport spearfishing, and others. The spearfishing for a living segment held the largest market share and accounted for a revenue share of 54.1% in the spearfishing equipment market in 2022.
Fish spear segment is projected to rise in the coming years.
- Based on the equipment, the market is sub-segmented into spearfishing wetsuits, fish spear, mask and snorkel, and others. The fish spear segment held the largest market share and accounted for a revenue share of 44.8% in the spearfishing equipment market in 2022. A fish spear is a lance or gig that often has more than one time used for spearing.
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Spearfishing Equipment Market Report Highlights:
- The spearfishing equipment market growth is anticipated at a CAGR of 3.6% by 2032.
- Spearfishing equipment has witnessed a huge demand in the past few years and is projected to grow more in the coming years.
- North America held the largest market share and accounted for a revenue share of 36.8% in the spearfishing equipment market in 2022.
- Some prominent players in the spearfishing equipment market report include JBL Spearguns, Bandito Spearguns and Dive Gear, Beuchat, Salvimar s.r.l, TEAK SEA, Omersub, Mares, Cressi, SEAC (SEACSUB SPA) and Hammerhead Spearguns.
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