The fishing industry is largely drive by domestic trends in fish consumption and the competition from imports. No large companies dominate the marketplace making it competitive among small fisheries that focus on the expansion of fleet sizes and experienced personnel. In the United States alone, more than 90% of fishing companies operate at a single establishment and have less than a handful of employees. A series of fishing company logos from profitable organizations in the industry are provided below.
The global seafood market has seen an estimated 6% growth due to an increasing global population, rise in discretionary incomes, and technological advances. Developing markets such as Latin America and Asia-Pacific are expected to contribute to the excess revenue of $370 billion by 2015. Trends in healthy eating have also inspired consumers to choose high protein fish over meat. A growing demand for organic aquaculture is also occuring due to environmental harms and depleting fish stocks that are currently happening. These farms will also contribute to more sustainability and higher profits.
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