The market can be hard to predict. In the world of commercial fishing, the demand worldwide for seafood is always there, but much like the tides, revenues can rise and fall. While recent years have presented economic challenges and opportunities related to the pandemic, our emergence from the long shadow of COVID-19 may mean big things are on the horizon for the commercial and industrial fishing industry.
Bright Years Ahead for Commercial Fishing
Being a commercial fisherman is tough work. With long hours at sea, weathering tough conditions, and navigating dangerous equipment, it is certainly not a career for the faint of heart. If you own your own commercial trapping or fishing business, you are probably spending more time on the water than you are looking at industry forecasts. Fortunately, some organizations specialize in this sort of research.
A recent report compiled by Verified Market Research is predicting a period of sustained, incremental growth for the commercial netting and fishing industry in the years 2022 through 2028. In this report, several factors are cited, and a detailed analysis of market competition, consumer demand, and industry trends are provided.
The Health Benefits of Seafood
One of the main drivers of the predicted growth for the commercial fishing industry may come as a bit of a surprise to seasoned seafarers. The ever-increasing awareness of the health benefits that come from a seafood diet is having a sizable impact on market demand. A widely publicized 2015 study conducted by the University of California concluded that fish oil can reduce the levels of amyloid plaques in the human brain that can cause dementia. This, along with the myriad other health positive of eating seafood, is playing a role in greater commercial fishing revenues.
Variety is the Spice of Life
As commercial and industrial fishing practices and technologies continue to advance, catches are becoming increasingly maximized and diversified. The Verified Market Research study suggests that the sheer availability of a vast array of fish is also contributing to larger consumer demand. Quite simply, people like having choices, and more choices for seafood means more people are ordering fish at restaurants or buying it at markets and grocery stores.
Make Sure Your Permits Are Current
To ensure that you are getting the most of your catch in the years to come, you will want to make sure that all of your permits and documentation are in order. Whether you need commercial fish permits for federal or local waters, having the right licensing and endorsements can keep you operating legally and efficiently. At the Commercial Fishing Permits Center, we make it easy to obtain the permits your business needs to thrive. Browse our navigational menu to see the many different easy-to-fill online permit applications we offer. For additional information, contact one of our service representatives today.