NAICS Code 11411 - Fishing| iCFO

NAICS 11411 - 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
    - NAICS 11411 - Fishing
      NAICS 11411 - Fishing

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 11411 industry, covering the fishing sector, has seen a noticeable shift toward sustainable and eco-friendly practices. With growing consumer awareness and stricter regulations, there's an increased emphasis on responsible fishing methods that minimize environmental impact. This includes the adoption of technologies such as fish-tracking systems and the use of selective gear to reduce bycatch. These practices not only help conserve marine life but also enhance the marketability of the catch, as consumers increasingly favor sustainably sourced seafood.

Another qualitative trend is the rise of aquaculture as a supplement to traditional wild fishing. Aquaculture, or fish farming, is gaining traction as a reliable source of seafood. It helps to meet the increasing global demand for fish without exerting additional pressure on wild fish populations. Innovations in this field, such as improved feed formulations and disease control measures, are making aquaculture more efficient and sustainable.

Looking ahead, the industry is likely to see continued advancements in technology, such as the integration of AI and machine learning for more effective fish population management and predictive analytics. There's also an expected increase in policy and market-driven initiatives focused on traceability and transparency in the seafood supply chain. As these trends evolve, companies that adapt and invest in sustainable practices and advanced technologies are positioned to thrive in the near future.

This industry is comprised of:

NAICS 114111 - Finfish Fishing

NAICS 114112 - Shellfish Fishing

NAICS 114119 - Other Marine Fishing

Explore related industries:

NAICS 31171 - Seafood Product Preparation and Packaging NAICS 44522 - Fish and Seafood Markets NAICS 42246 - Fish and seafood wholesalers

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