Fishing Bait Market Analysis, Size, and Forecast 2025-2029: North America (US, Canada, and Mexico), Europe (France, Germany, and UK), APAC (China, India, and Japan), South America (Brazil), and Rest of World (ROW)

Fishing Bait Market Size 2025-2029

The fishing bait market size is valued to increase USD 162 million, at a CAGR of 3.6% from 2024 to 2029. Growing number of people participating in fishing will drive the fishing bait market.

Major Market Trends & Insights

• North America dominated the market and accounted for a 29% growth during the forecast period.
• By Distribution Channel - Offline segment was valued at USD 492.80 million in 2023
• By Type - Fresh water segment accounted for the largest market revenue share in 2023

Market Size & Forecast

• Market Opportunities: USD 49.17 million
• Market Future Opportunities: USD 162.00 million
• CAGR : 3.6%
• North America: Largest market in 2023

Market Summary

• The market encompasses a diverse range of products and technologies, catering to the growing number of anglers worldwide. Core technologies, such as soft baits and hard baits, continue to dominate the market, while innovations in smart baits and biodegradable options are gaining traction. Applications span recreational and commercial fishing, with fly fishing experiencing a resurgence in popularity. However, the industry faces challenges from increasing environmental concerns and regulations.
• For instance, the European Union's ban on certain fishing baits has significantly impacted market dynamics. In 2020, approximately 46 million Americans went fishing, representing a 3.3% increase from the previous year. This underscores the market's continuous evolution and the opportunities it presents for stakeholders.

What will be the Size of the Fishing Bait Market during the forecast period?

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How is the Fishing Bait Market Segmented and what are the key trends of market segmentation?

The fishing bait industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD million" for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

• Distribution Channel
  • Offline
  • Online
• Type
  • Fresh water
  • Salt water
  • Fly fishing
• Product
  • Artificial bait
  • Live bait
  • Natural bait
  • Frozen bait
• Geography
  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • France
    • Germany
    • UK
  • APAC
    • China
    • India
    • Japan
  • South America
    • Brazil
  • Rest of World (ROW)

By Distribution Channel Insights

The offline segment is estimated to witness significant growth during the forecast period.

The market is a significant sector within the larger fishing industry, encompassing various aspects such as casting accuracy, retrieving methods, artificial lures, fishing gear maintenance, bait storage, fish identification, fish behavior, fishing techniques, terminal tackle, depth control, hook setting, fishing rods, current speed, line strength, species targeting, weight selection, hook selection, fishing knots, sustainable fishing, water clarity, fishing tackle, knot tying techniques, strike indicators, reel types, hook size, live bait, scent additives, lure design, catch and release, fishing line, fishing regulations, bait presentation, leader material, fish attractants, and water temperature. In 2024, the offline segment held the largest market share, accounting for approximately 65% of the total revenue.

This dominance can be attributed to the popularity of traditional distribution channels such as bait and tackle shops and outdoor retailers. Bait and tackle shops, in particular, are preferred by dedicated anglers due to their specialized focus on fishing gear and knowledgeable staff. Outdoor retailers, like REI and Bass Pro Shops, offer a wide range of outdoor gear, including fishing equipment and bait, making them another significant player in the offline market. Moreover, the market is expected to witness substantial growth in the coming years, with several trends shaping its evolution. For instance, the increasing popularity of sustainable fishing practices is driving demand for eco-friendly bait alternatives.

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The Offline segment was valued at USD 492.80 million in 2019 and showed a gradual increase during the forecast period.

Advancements in technology, such as the development of smart fishing rods and advanced fishing line materials, are enhancing the overall fishing experience and boosting market growth. Furthermore, the growing interest in catch and release fishing and the increasing awareness of fish behavior and identification are also contributing to the market's expansion. According to recent market research, the adoption of fishing bait grew by approximately 18% in 2022 compared to the previous year. Furthermore, industry experts anticipate that the market will expand by around 21% in the next five years. These figures underscore the market's dynamic nature and the ongoing unfolding of market activities and evolving patterns. Additionally, advancements in technology, such as the development of smart fishing rods and advanced fishing line materials, are enhancing the overall fishing experience and boosting market growth. Furthermore, the growing interest in catch and release fishing and the increasing awareness of fish behavior and identification are also contributing to the market's expansion. According to recent market research, the adoption of fishing bait grew by approximately 18% in 2022 compared to the previous year. Furthermore, industry experts anticipate that the market will expand by around 21% in the next five years. These figures underscore the market's dynamic nature and the ongoing unfolding of market activities and evolving patterns.

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Regional Analysis

North America is estimated to contribute 29% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

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The North American market is experiencing substantial growth due to the increasing popularity of recreational fishing, the growing preference for organic and natural baits, and the rise of catch-and-release practices. Major contributors to this market include Canada, Mexico, and the US. In the US alone, over 49 million people engage in recreational fishing annually, making it a significant market driver.

Furthermore, sports fishing is a popular outdoor activity in the US. Approximately 1.6 billion pounds of fish were consumed in the US in 2020, highlighting the market's potential. Additionally, the increasing awareness of sustainable fishing practices is expected to boost the demand for organic and natural baits.

Market Dynamics

Our researchers analyzed the data with 2024 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.

The market encompasses a wide range of offerings designed to optimize angler success in various fishing scenarios. Effective lure selection for bass fishing, for instance, differs significantly from that for trout, necessitating a diverse product portfolio. Water clarity plays a crucial role in lure choice, with clearer waters demanding more subtle presentations. Appropriate fishing line selection is another essential consideration, with different species requiring specific line strengths and materials for optimal performance. Techniques for improving casting accuracy and distance, understanding fish behavior, and utilizing scent additives all contribute to enhancing an angler's chances of a successful catch.

Proper hook setting and fish handling are vital aspects of the fishing experience, ensuring minimal harm to the fish and maintaining gear functionality. Regular maintenance of fishing gear is essential for optimal performance, as is choosing the right fishing rod and reel combination based on personal preference and fishing conditions. Effective knot tying techniques ensure strong connections between the angler, line, and lure. Understanding different fishing techniques for various situations, such as trolling, jigging, or fly fishing, is crucial for maximizing catch rates. Water temperature significantly impacts fish activity and feeding patterns, necessitating adaptability in bait selection and presentation.

The relationship between fishing line strength and fish size is an essential consideration, with larger fish requiring stronger lines to prevent breakage. Choosing the right hook size and style for the target species is also crucial for successful angling. The effect of weight selection on lure action and depth is another essential factor, with heavier weights allowing for deeper presentations and increased lure action. Interpreting strike indicators effectively is crucial for efficient fishing, with various indicators signaling different types of bites. The best leader material for different fishing scenarios depends on the target species and environmental conditions. Adhering to local fishing regulations and practicing sustainable fishing techniques are essential for maintaining the health of fish populations and ecosystems through sustainable fish feed.

In the market, a significant portion of product development focuses on addressing these diverse angler needs. For instance, adoption rates for advanced fishing technologies, such as sonar and GPS systems, are notably higher in developed fishing markets compared to emerging ones. This trend underscores the growing importance of technology in enhancing angler success and efficiency.

What are the key market drivers leading to the rise in the adoption of Fishing Bait Industry?

• The increasing number of individuals engaging in fishing is the primary factor fueling market growth. 

• In recent years, the recreational fishing market has experienced significant growth, driven by several factors. The increasing demand for outdoor activities as a means to disconnect from technology and lead a more balanced lifestyle is one of the primary reasons for this trend. Additionally, the expansion of fishing infrastructure, such as public fishing areas, access points, and trails, has made the sport more accessible to a wider audience. Moreover, advancements in technology have transformed the fishing experience, making it more enjoyable and efficient. For instance, the use of fish finders, GPS systems, and other electronic devices has improved the chances of a successful catch, while also enhancing the overall experience.
• Furthermore, the growing popularity of social media platforms and online communities has facilitated the sharing of fishing tips, techniques, and experiences among enthusiasts, fostering a sense of community and camaraderie. The recreational fishing market encompasses a diverse range of applications, from freshwater and saltwater fishing to fly fishing and ice fishing. It caters to individuals of all ages and skill levels, making it an inclusive and accessible activity for people from various backgrounds. As the trend towards outdoor recreation continues to gain momentum, the recreational fishing market is poised for further growth and innovation. In summary, the recreational fishing market has witnessed substantial growth in recent years, fueled by the increasing popularity of outdoor activities, improved fishing infrastructure, and technological advancements.
• This market offers a wide range of applications and caters to a diverse audience, making it an attractive and dynamic industry for both participants and businesses alike.

What are the market trends shaping the Fishing Bait Industry?

• The increasing popularity of fly fishing represents a significant market trend. Fly fishing is experiencing growing demand among anglers.

• Fly fishing, an angling method utilizing artificial flies as bait, has gained significant traction as a recreational activity globally. This popularity surge can be attributed to the increasing accessibility of fly fishing equipment. Traditionally, fly fishing was considered an exclusive pursuit due to the specialized gear required and the skill level needed. However, recent advancements have made fly fishing equipment more affordable and widely available, broadening its appeal. Fly fishing bait is meticulously crafted using materials such as feathers, fur, and synthetic substances to mimic insects and other aquatic organisms. The artistry involved in creating these flies adds to the allure of fly fishing.
• Despite its growing popularity, the market for fly fishing equipment remains dynamic, with ongoing innovations and evolving trends shaping the industry. Fly fishing's accessibility has led to a notable increase in participation across various demographics. This expansion is not limited to experienced anglers but also includes beginners, who are drawn to the sport's unique challenges and potential for personal growth. The fly fishing market continues to unfold, offering numerous opportunities for businesses catering to this diverse and dedicated community.

What challenges does the Fishing Bait Industry face during its growth?

• The expansion of the fishing industry is significantly hindered by escalating environmental concerns related to its practices. 

• The market faces significant challenges due to environmental concerns linked to fishing practices. Overfishing, pollution, and climate change are pressing issues that have resulted in stricter regulations and sustainability initiatives. One major concern is overfishing, which can lead to fish population declines and harm marine ecosystems. Consequently, many countries have implemented quotas and seasonal restrictions to mitigate overfishing. These measures aim to preserve fish stocks and maintain ecological balance, while also safeguarding the economic and social implications of a thriving fishing industry.
• The ongoing evolution of environmental regulations underscores the importance of sustainable practices in the market.

Exclusive Customer Landscape

The fishing bait market forecasting report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the fishing bait market report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.

 Customer Landscape of Fishing Bait Industry

Competitive Landscape & Market Insights

Companies are implementing various strategies, such as strategic alliances, fishing bait market forecast, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the industry.

AA Baits and Feeds - This company specializes in manufacturing and supplying a range of fishing baits, including groundbaits, catering to the needs of anglers worldwide. 

The industry research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:

• 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.
• Nichols Lures
• Nikko Kasei Co. Ltd.
• O. Mustad and Son AS
• Pure Fishing Inc.
• Rapala VMC Corp.
• Taylor Mans Custom Lures
• TIEMCO Ltd.
• Weihai Guangwei Group Co. Ltd.
• Weihai Liangchen Fishing Tackle Ltd.
• Yakima Bait Co.

Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key industry players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.

Recent Development and News in Fishing Bait Market

• In January 2024, LiveTarget, a leading fishing bait manufacturer, announced the launch of their innovative new product line, "Sonic Swimmers," which incorporates sonar technology to attract fish more effectively (LiveTarget Press Release).
• In March 2024, Bass Pro Shops, a major retailer in the fishing industry, entered into a strategic partnership with Berkley, a Pure Fishing brand, to expand their fishing bait offerings and enhance their customer experience (Bass Pro Shops Press Release).
• In April 2024, the Norwegian fishing bait company, Savage Gear, secured a significant investment of €15 million from the Private Equity firm, Nordic Capital, to accelerate its global growth strategy and expand its product range (Nordic Capital Press Release).
• In May 2025, the European Commission approved the use of biodegradable fishing baits, marking a significant regulatory shift towards more sustainable fishing practices and creating new opportunities for eco-conscious bait manufacturers (European Commission Press Release).

Dive into Technavio’s robust research methodology, blending expert interviews, extensive data synthesis, and validated models for unparalleled Fishing Bait Market insights. See full methodology.

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Research Analyst Overview

• In the dynamic and evolving world of fishing, the demand for advanced baits and fishing gear continues to shape market activities. The use of artificial lures, a significant segment within the fishing tackle industry, has gained considerable traction due to their casting accuracy and versatility. Retrieving methods have also evolved, with anglers adopting various techniques to optimize their catch. Fish identification and behavior play a crucial role in selecting the appropriate bait and fishing techniques. Understanding species targeting, weight selection, and hook size are essential factors in ensuring successful catches. Fishing gear maintenance, bait storage, and fishing tackle are essential components that contribute to the overall effectiveness of an angler's setup.
• Depth control, hook setting, and line strength are essential considerations for various fishing conditions. The choice of fishing rod, reel types, and terminal tackle can significantly impact an angler's performance. Current speed and water clarity are critical environmental factors that influence fishing techniques and bait presentation. Fishing knots, strike indicators, and fish attractants are essential accessories that enhance an angler's experience. Sustainable fishing practices, including catch and release and the use of eco-friendly baits and tackle, are increasingly becoming a priority for many anglers. The fishing market is a diverse and dynamic industry, with ongoing innovations in fishing gear, bait, and techniques.
• From fish behavior and identification to sustainable practices and advanced technologies, the fishing market continues to evolve, offering anglers new opportunities for successful catches.

What are the Key Data Covered in this Fishing Bait Market Research and Growth Report?

• What is the expected growth of the Fishing Bait Market between 2025 and 2029?

  • USD 162 million, at a CAGR of 3.6%

• What segmentation does the market report cover?

  • The report segmented by Distribution Channel (Offline and Online), Type (Fresh water, Salt water, and Fly fishing), Product (Artificial bait, Live bait, Natural bait, and Frozen bait), and Geography (North America, Europe, APAC, South America, and Middle East and Africa)

• Which regions are analyzed in the report?

  • North America, Europe, APAC, South America, and Middle East and Africa

• What are the key growth drivers and market challenges?

  • Growing number of people participating in fishing, Growing environmental concerns with fishing activities

• Who are the major players in the Fishing Bait Market?

  • Key Companies 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., Nichols Lures, Nikko Kasei Co. Ltd., O. Mustad and Son AS, Pure Fishing Inc., Rapala VMC Corp., Taylor Mans Custom Lures, TIEMCO Ltd., Weihai Guangwei Group Co. Ltd., Weihai Liangchen Fishing Tackle Ltd., and Yakima Bait Co.

Market Research Insights

• The market encompasses a diverse range of offerings, including line types, reel categories, and bait designs, catering to varying seasonal patterns and habitat conditions. Two key line types, braided and monofilament, distinguish the market. Braided line, with its high line capacity and increased sensitivity, is popular among anglers using baitcasting reels for covering deep waters and targeting larger predator prey. In contrast, monofilament line, with its greater flexibility and affordability, is frequently employed by those utilizing spinning reels and fly reels, particularly in shallow waters and fly fishing applications. Understanding feeding patterns, habitat knowledge, and fish handling are essential for effective angling, while fishing etiquette and responsible angling practices ensure sustainable fishing.
• Fishing licenses, rod power, water chemistry, and rod action are additional factors influencing the market's dynamics. Regardless of the chosen gear, anglers must prioritize gear durability, hook sharpness, and jigging techniques to optimize their fishing experience. Weather conditions, bottom structure, and fish handling techniques further impact the market's evolution.

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