Product Code: IRTNTR75251
The fishing bait market is forecasted to grow by USD 156.3 mn during 2023-2028, accelerating at a CAGR of 3.58% during the forecast period. The report on the fishing bait market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increase in number of people participating in fishing, growing popularity of fly fishing, and growing use of fishing bait in sport fishing.
Technavio's fishing bait market is segmented as below:
Market Scope |
Base Year | 2024 |
End Year | 2028 |
Series Year | 2024-2028 |
Growth Momentum | Accelerate |
YOY 2024 | 3.31% |
CAGR | 3.58% |
Incremental Value | $156.3mn |
ByDistribution Channel
ByType
- Fresh water
- Salt water
- Fly fishing
ByGeography
- North America
- Europe
- APAC
- South America
- Middle East and Africa
This study identifies the growing demand for environmentally friendly baits as one of the prime reasons driving the fishing bait market growth during the next few years. Also, increasing need for fishing baits in emerging markets and growing use of e-commerce will lead to sizable demand in the market.
The report on the fishing bait market covers the following areas:
- Fishing bait market sizing
- Fishing bait market forecast
- Fishing bait market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading fishing bait market vendors that include 13 Fishing, AA Baits and Feeds, American Baitworks Co., Bizz Baits Inc. , BPS Direct LLC, Castaic Inc. , Duel Co., Ltd., Gamakatsu USA Inc., Magic Bait Co. Inc., Newell Brands Inc., Nichols Lures, Nikko Kasei Co. Ltd., O. Mustad and Son AS, Rapala VMC Corp., Smartbaits Inc., Taylor Mans Custom Lures, TIEMCO Ltd., Weihai Guangwei Group Co. Ltd., Weihai Liangchen Fishing Tackle Ltd., and Yakima Bait Co.. Also, the fishing bait market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.
Table of Contents
1 Executive Summary
- 1.1 Market overview
- Executive Summary - Chart on Market Overview
- Executive Summary - Data Table on Market Overview
- Executive Summary - Chart on Global Market Characteristics
- Executive Summary - Chart on Market By Geographical Landscape
- Executive Summary - Chart on Market Segmentation by Distribution Channel
- Executive Summary - Chart on Market Segmentation by Type
- Executive Summary - Chart on Incremental Growth
- Executive Summary - Data Table on Incremental Growth
- Executive Summary - Chart on Company Market Positioning
2 Market Landscape
- 2.1 Market ecosystem
- Parent Market
- Data Table on - Parent Market
- 2.2 Market characteristics
- Market characteristics analysis
- 2.3 Value chain analysis
3 Market Sizing
- 3.1 Market definition
- Offerings of companies included in the market definition
- 3.2 Market segment analysis
- 3.3 Market size 2023
- 3.4 Market outlook: Forecast for 2023-2028
- Chart on Global - Market size and forecast 2023-2028 ($ million)
- Data Table on Global - Market size and forecast 2023-2028 ($ million)
- Chart on Global Market: Year-over-year growth 2023-2028 (%)
- Data Table on Global Market: Year-over-year growth 2023-2028 (%)
4 Historic Market Size
- 4.1 Global Fishing Bait Market 2018 - 2022
- Historic Market Size - Data Table on Global Fishing Bait Market 2018 - 2022 ($ million)
- 4.2 Distribution Channel segment analysis 2018 - 2022
- Historic Market Size - Distribution Channel Segment 2018 - 2022 ($ million)
- 4.3 Type segment analysis 2018 - 2022
- Historic Market Size - Type Segment 2018 - 2022 ($ million)
- 4.4 Geography segment analysis 2018 - 2022
- Historic Market Size - Geography Segment 2018 - 2022 ($ million)
- 4.5 Country segment analysis 2018 - 2022
- Historic Market Size - Country Segment 2018 - 2022 ($ million)
5 Five Forces Analysis
- 5.1 Five forces summary
- Five forces analysis - Comparison between 2023 and 2028
- 5.2 Bargaining power of buyers
- Bargaining power of buyers - Impact of key factors 2023 and 2028
- 5.3 Bargaining power of suppliers
- Bargaining power of suppliers - Impact of key factors in 2023 and 2028
- 5.4 Threat of new entrants
- Threat of new entrants - Impact of key factors in 2023 and 2028
- 5.5 Threat of substitutes
- Threat of substitutes - Impact of key factors in 2023 and 2028
- 5.6 Threat of rivalry
- Threat of rivalry - Impact of key factors in 2023 and 2028
- 5.7 Market condition
- Chart on Market condition - Five forces 2023 and 2028
6 Market Segmentation by Distribution Channel
- 6.1 Market segments
- Chart on Distribution Channel - Market share 2023-2028 (%)
- Data Table on Distribution Channel - Market share 2023-2028 (%)
- 6.2 Comparison by Distribution Channel
- Chart on Comparison by Distribution Channel
- Data Table on Comparison by Distribution Channel
- 6.3 Offline - Market size and forecast 2023-2028
- Chart on Offline - Market size and forecast 2023-2028 ($ million)
- Data Table on Offline - Market size and forecast 2023-2028 ($ million)
- Chart on Offline - Year-over-year growth 2023-2028 (%)
- Data Table on Offline - Year-over-year growth 2023-2028 (%)
- 6.4 Online - Market size and forecast 2023-2028
- Chart on Online - Market size and forecast 2023-2028 ($ million)
- Data Table on Online - Market size and forecast 2023-2028 ($ million)
- Chart on Online - Year-over-year growth 2023-2028 (%)
- Data Table on Online - Year-over-year growth 2023-2028 (%)
- 6.5 Market opportunity by Distribution Channel
- Market opportunity by Distribution Channel ($ million)
- Data Table on Market opportunity by Distribution Channel ($ million)
7 Market Segmentation by Type
- 7.1 Market segments
- Chart on Type - Market share 2023-2028 (%)
- Data Table on Type - Market share 2023-2028 (%)
- 7.2 Comparison by Type
- Chart on Comparison by Type
- Data Table on Comparison by Type
- 7.3 Fresh water - Market size and forecast 2023-2028
- Chart on Fresh water - Market size and forecast 2023-2028 ($ million)
- Data Table on Fresh water - Market size and forecast 2023-2028 ($ million)
- Chart on Fresh water - Year-over-year growth 2023-2028 (%)
- Data Table on Fresh water - Year-over-year growth 2023-2028 (%)
- 7.4 Salt water - Market size and forecast 2023-2028
- Chart on Salt water - Market size and forecast 2023-2028 ($ million)
- Data Table on Salt water - Market size and forecast 2023-2028 ($ million)
- Chart on Salt water - Year-over-year growth 2023-2028 (%)
- Data Table on Salt water - Year-over-year growth 2023-2028 (%)
- 7.5 Fly fishing - Market size and forecast 2023-2028
- Chart on Fly fishing - Market size and forecast 2023-2028 ($ million)
- Data Table on Fly fishing - Market size and forecast 2023-2028 ($ million)
- Chart on Fly fishing - Year-over-year growth 2023-2028 (%)
- Data Table on Fly fishing - Year-over-year growth 2023-2028 (%)
- 7.6 Market opportunity by Type
- Market opportunity by Type ($ million)
- Data Table on Market opportunity by Type ($ million)
8 Customer Landscape
- 8.1 Customer landscape overview
- Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
9 Geographic Landscape
- 9.1 Geographic segmentation
- Chart on Market share By Geographical Landscape 2023-2028 (%)
- Data Table on Market share By Geographical Landscape 2023-2028 (%)
- 9.2 Geographic comparison
- Chart on Geographic comparison
- Data Table on Geographic comparison
- 9.3 North America - Market size and forecast 2023-2028
- Chart on North America - Market size and forecast 2023-2028 ($ million)
- Data Table on North America - Market size and forecast 2023-2028 ($ million)
- Chart on North America - Year-over-year growth 2023-2028 (%)
- Data Table on North America - Year-over-year growth 2023-2028 (%)
- 9.4 Europe - Market size and forecast 2023-2028
- Chart on Europe - Market size and forecast 2023-2028 ($ million)
- Data Table on Europe - Market size and forecast 2023-2028 ($ million)
- Chart on Europe - Year-over-year growth 2023-2028 (%)
- Data Table on Europe - Year-over-year growth 2023-2028 (%)
- 9.5 APAC - Market size and forecast 2023-2028
- Chart on APAC - Market size and forecast 2023-2028 ($ million)
- Data Table on APAC - Market size and forecast 2023-2028 ($ million)
- Chart on APAC - Year-over-year growth 2023-2028 (%)
- Data Table on APAC - Year-over-year growth 2023-2028 (%)
- 9.6 South America - Market size and forecast 2023-2028
- Chart on South America - Market size and forecast 2023-2028 ($ million)
- Data Table on South America - Market size and forecast 2023-2028 ($ million)
- Chart on South America - Year-over-year growth 2023-2028 (%)
- Data Table on South America - Year-over-year growth 2023-2028 (%)
- 9.7 Middle East and Africa - Market size and forecast 2023-2028
- Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
- Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
- Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
- Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)
- 9.8 US - Market size and forecast 2023-2028
- Chart on US - Market size and forecast 2023-2028 ($ million)
- Data Table on US - Market size and forecast 2023-2028 ($ million)
- Chart on US - Year-over-year growth 2023-2028 (%)
- Data Table on US - Year-over-year growth 2023-2028 (%)
- 9.9 China - Market size and forecast 2023-2028
- Chart on China - Market size and forecast 2023-2028 ($ million)
- Data Table on China - Market size and forecast 2023-2028 ($ million)
- Chart on China - Year-over-year growth 2023-2028 (%)
- Data Table on China - Year-over-year growth 2023-2028 (%)
- 9.10 India - Market size and forecast 2023-2028
- Chart on India - Market size and forecast 2023-2028 ($ million)
- Data Table on India - Market size and forecast 2023-2028 ($ million)
- Chart on India - Year-over-year growth 2023-2028 (%)
- Data Table on India - Year-over-year growth 2023-2028 (%)
- 9.11 Germany - Market size and forecast 2023-2028
- Chart on Germany - Market size and forecast 2023-2028 ($ million)
- Data Table on Germany - Market size and forecast 2023-2028 ($ million)
- Chart on Germany - Year-over-year growth 2023-2028 (%)
- Data Table on Germany - Year-over-year growth 2023-2028 (%)
- 9.12 France - Market size and forecast 2023-2028
- Chart on France - Market size and forecast 2023-2028 ($ million)
- Data Table on France - Market size and forecast 2023-2028 ($ million)
- Chart on France - Year-over-year growth 2023-2028 (%)
- Data Table on France - Year-over-year growth 2023-2028 (%)
- 9.13 Market opportunity By Geographical Landscape
- Market opportunity By Geographical Landscape ($ million)
- Data Tables on Market opportunity By Geographical Landscape ($ million)
10 Drivers, Challenges, and Opportunity/Restraints
- 10.1 Market drivers
- 10.2 Market challenges
- 10.3 Impact of drivers and challenges
- Impact of drivers and challenges in 2023 and 2028
- 10.4 Market opportunities/restraints
11 Competitive Landscape
- 11.1 Overview
- 11.2 Competitive Landscape
- Overview on criticality of inputs and factors of differentiation
- 11.3 Landscape disruption
- Overview on factors of disruption
- 11.4 Industry risks
- Impact of key risks on business
12 Competitive Analysis
- 12.1 Companies profiled
- 12.2 Market positioning of companies
- Matrix on companies position and classification
- 12.3 AA Baits and Feeds
- AA Baits and Feeds - Overview
- AA Baits and Feeds - Product / Service
- AA Baits and Feeds - Key offerings
- 12.4 American Baitworks Co.
- American Baitworks Co. - Overview
- American Baitworks Co. - Product / Service
- American Baitworks Co. - Key offerings
- 12.5 BPS Direct LLC
- BPS Direct LLC - Overview
- BPS Direct LLC - Product / Service
- BPS Direct LLC - Key offerings
- 12.6 Castaic Inc.
- Castaic Inc. - Overview
- Castaic Inc. - Product / Service
- Castaic Inc. - Key offerings
- 12.7 Duel Co., Ltd.
- Duel Co., Ltd. - Overview
- Duel Co., Ltd. - Product / Service
- Duel Co., Ltd. - Key offerings
- 12.8 Gamakatsu USA Inc.
- Gamakatsu USA Inc. - Overview
- Gamakatsu USA Inc. - Product / Service
- Gamakatsu USA Inc. - Key offerings
- 12.9 Newell Brands Inc.
- Newell Brands Inc. - Overview
- Newell Brands Inc. - Business segments
- Newell Brands Inc. - Key news
- Newell Brands Inc. - Key offerings
- Newell Brands Inc. - Segment focus
- 12.10 Nikko Kasei Co. Ltd.
- Nikko Kasei Co. Ltd. - Overview
- Nikko Kasei Co. Ltd. - Product / Service
- Nikko Kasei Co. Ltd. - Key offerings
- 12.11 O. Mustad and Son AS
- O. Mustad and Son AS - Overview
- O. Mustad and Son AS - Product / Service
- O. Mustad and Son AS - Key news
- O. Mustad and Son AS - Key offerings
- 12.12 Rapala VMC Corp.
- Rapala VMC Corp. - Overview
- Rapala VMC Corp. - Business segments
- Rapala VMC Corp. - Key news
- Rapala VMC Corp. - Key offerings
- Rapala VMC Corp. - Segment focus
- 12.13 Taylor Mans Custom Lures
- Taylor Mans Custom Lures - Overview
- Taylor Mans Custom Lures - Product / Service
- Taylor Mans Custom Lures - Key offerings
- 12.14 TIEMCO Ltd.
- TIEMCO Ltd. - Overview
- TIEMCO Ltd. - Product / Service
- TIEMCO Ltd. - Key offerings
- 12.15 Weihai Guangwei Group Co. Ltd.
- Weihai Guangwei Group Co. Ltd. - Overview
- Weihai Guangwei Group Co. Ltd. - Product / Service
- Weihai Guangwei Group Co. Ltd. - Key offerings
- 12.16 Weihai Liangchen Fishing Tackle Ltd.
- Weihai Liangchen Fishing Tackle Ltd. - Overview
- Weihai Liangchen Fishing Tackle Ltd. - Product / Service
- Weihai Liangchen Fishing Tackle Ltd. - Key offerings
- 12.17 Yakima Bait Co.
- Yakima Bait Co. - Overview
- Yakima Bait Co. - Product / Service
- Yakima Bait Co. - Key offerings
13 Appendix
- 13.1 Scope of the report
- 13.2 Inclusions and exclusions checklist
- Inclusions checklist
- Exclusions checklist
- 13.3 Currency conversion rates for US$
- Currency conversion rates for US$
- 13.4 Research methodology
- 13.5 Data procurement
- 13.6 Data validation
- 13.7 Validation techniques employed for market sizing
- Validation techniques employed for market sizing
- 13.8 Data synthesis
- 13.9 360 degree market analysis
- 360 degree market analysis
- 13.10 List of abbreviations