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The Fishing Industry

Any industry or activity related to taking, culturing, processing, preserving, storing, transporting, marketing or selling fish or fish products is the fishing industry. Defined by the FAO, the industry of fishing includes recreational, subsistence and commercial fishing. It comprises of the harvesting, processing, and marketing sectors.

Directly or indirectly, the living and income of nearly 500 million people in developing countries depends on fishing industry. The commercial activities of fisheries and aquaculture are aimed at the delivering fish and other seafood products for human consumption and are essential input factors in fishing industry in world.

There are three principal sectors in the industry of fishing - commercial sector, traditional sector and the recreational sector. The commercial sector in fishing industry comprises of all the enterprises and individuals connected with aquaculture resources and the various conversions of those resources into products for sale. The traditional sector consists of those enterprises and individuals related with fisheries resources from which local fisherman in developing countries gain products as per their traditions. The recreational sector consists of enterprises and individuals connected with fisheries resources for the idea of recreation and sport.

The fishing industry in world is very well developed today. The fishing ships operating in the high seas and utilizing the fish resources throughout the world, the annual production including that of aquaculture is on a repaid rise every year. The development of new propagation techniques for fishing industry, which are connected to strong demand, are substantially satisfying domestic demand as well as providing large exports.

Today, industry of fishing is a big way of source of income and livelihood for a large number of people all over the world. Thousands of people are engaged in different water related business and fishing industry in world. The major countries involved in industry fishing are Japan, China, the U.S., Chile, Peru, India, South Korea, Thailand, and the countries of northern Europe. Harvesting both marine and freshwater species of fish, shellfish, mammals, and seaweed, these are then processed into food for human consumption. They are also used for animal feeds, fertilizers, and ingredients in other commercial commodities.

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