NAICS Code 1141 - Fishing| iCFO

NAICS 1141 - Fishing

NAICS 11 - Agriculture, Forestry, Fishing and Hunting
NAICS 11 - Sector 11--Agriculture, Forestry, Fishing and Hunting NAICS 21 - Sector 21--Mining NAICS 22 - Sector 22--Utilities NAICS 23 - Sector 23--Construction NAICS 31 - Sector 31-33--Manufacturing NAICS 42 - Sector 42--Wholesale Trade NAICS 44 - Sector 44-45--Retail Trade NAICS 48 - Sector 48-49--Transportation and Warehousing NAICS 51 - Sector 51--Information NAICS 52 - Sector 52--Finance and Insurance NAICS 53 - Sector 53--Real Estate and Rental and Leasing NAICS 54 - Sector 54--Professional, Scientific, and Technical Services NAICS 55 - Sector 55--Management of Companies and Enterprises NAICS 56 - Sector 56--Administrative and Support and Waste Management and Remediation Services NAICS 61 - Sector 61--Educational Services NAICS 62 - Sector 62--Health Care and Social Assistance NAICS 71 - Sector 71--Arts, Entertainment, and Recreation NAICS 72 - Sector 72--Accommodation and Food Services NAICS 81 - Sector 81--Other Services (except Public Administration) NAICS 92 - Sector 92--Public Administration
- NAICS 114 - Fishing, Hunting and Trapping
  NAICS 111 - Crop Production NAICS 112 - Animal Production NAICS 113 - Forestry and Logging NAICS 114 - Fishing, Hunting and Trapping NAICS 115 - Support Activities for Agriculture and Forestry
  - NAICS 1141 - Fishing
    NAICS 1141 - Fishing NAICS 1142 - Hunting and Trapping

This industry comprises establishments primarily engaged in the commercial catching or taking of finfish, shellfish, or miscellaneous marine products from a natural habitat, such as the catching of bluefish, eels, salmon, tuna, clams, crabs, lobsters, mussels, oysters, shrimp, frogs, sea urchins, and turtles.

Industry trends:

The NAICS 1141 Fishing industry has been witnessing several qualitative trends that could shape its future. Sustainability and eco-friendly practices have become central to fishing operations driven by increasing consumer awareness and regulatory pressures. Initiatives like sustainable fisheries certification and bycatch reduction techniques are gaining traction, promoting responsible fishing practices.

Technological advancements are also playing a key role. The adoption of GPS, sonar technology, and data analytics are enhancing precision and efficiency in locating fish stocks, thus optimizing yields and reducing negative environmental impacts. Additionally, blockchain technology is beginning to be used to ensure transparency and traceability in the supply chain, building consumer trust and ensuring the authenticity of sustainable claims.

On the consumer side, there is a growing preference for locally sourced and traceable seafood. This trend is fostering closer connections between fishermen and local markets, bypassing traditional distribution channels. High-value niche markets for products like organic and wild-caught fish are expanding, providing new revenue streams for producers willing to adapt to these trends.

Forecasts for the near future indicate that these trends will continue to evolve. Regulatory bodies are expected to impose stricter guidelines on sustainable practices, pushing the industry further toward eco-friendly operations. Moreover, with continued technological innovation, the industry's efficiency and sustainability are likely to improve, thereby ensuring long-term viability.

This industry is comprised of:

NAICS 11411 - Fishing

Explore related industries:

NAICS 3117 - Seafood Product Preparation and Packaging NAICS 4883 - Support Activities for Water Transportation NAICS 5617 - Services to Buildings and Dwellings

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