Product Code: ETC13304352 | Publication Date: Apr 2025 | Updated Date: Jul 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | Author: Sachin Kumar Rai | No. of Pages: 190 | No. of Figures: 80 | No. of Tables: 40 |
According to 6Wresearch internal database and industry insights, the Global Fishing Lure Market was valued at USD 1.9 Billion in 2024 and is expected to reach USD 3.1 Billion by 2031, growing at a compound annual growth rate of 7.60% during the forecast period (2025-2031).
The Global Fishing Lure Market is experiencing steady growth, driven by increasing participation in recreational fishing activities worldwide. The market is characterized by a wide variety of fishing lures available in different types such as soft plastic baits, hard baits, jigs, spinners, and spoons, catering to diverse fishing preferences and techniques. Key factors contributing to market growth include advancements in lure technology, the rise of sustainable fishing practices, and the growing popularity of catch-and-release fishing. North America and Europe are prominent markets for fishing lures, with Asia Pacific emerging as a lucrative region due to the rising popularity of recreational fishing. Leading manufacturers in the market are focusing on product innovation, eco-friendly materials, and strategic partnerships to gain a competitive edge in the global fishing lure market.
The Global Fishing Lure Market is experiencing several key trends and opportunities. The increasing popularity of recreational fishing as a leisure activity is driving demand for innovative and technologically advanced fishing lures that enhance the overall fishing experience. Sustainable fishing practices and the rising awareness of environmental conservation are also influencing consumer preferences towards eco-friendly and biodegradable lures. Additionally, the growing trend of catch-and-release fishing is creating a demand for lures designed for this purpose. Opportunities lie in the development of customizable lures to cater to individual preferences, as well as the expansion into emerging markets with a growing fishing enthusiast base. Collaboration with professional anglers and influencers for product endorsements and marketing can also help companies tap into new consumer segments and boost sales.
One of the key challenges faced in the Global Fishing Lure Market is the increasing competition from alternative fishing methods and technologies. As sustainability concerns grow, there is a shift towards more environmentally friendly fishing practices, which may impact the demand for traditional fishing lures. Additionally, the market is highly fragmented with a large number of small manufacturers, leading to price competition and challenges in brand differentiation. The rise of counterfeit products also poses a threat to the market, impacting the reputation and sales of established fishing lure brands. Furthermore, fluctuating raw material prices and regulations on certain types of fishing lures can also hinder market growth and profitability for manufacturers in the industry.
The Global Fishing Lure Market is primarily driven by the increasing popularity of recreational fishing activities worldwide, leading to a rise in the demand for high-quality fishing lures. Additionally, technological advancements in lure design and manufacturing processes have resulted in more innovative and effective products, attracting both experienced anglers and beginners. Growing disposable incomes in emerging economies have also contributed to the market growth, as individuals are willing to invest in premium fishing gear. Moreover, the rising awareness about sustainable fishing practices and the importance of conservation efforts have led to the development of eco-friendly and biodegradable lure options, catering to environmentally conscious consumers. Overall, the combination of these factors is propelling the expansion of the Global Fishing Lure Market.
Government policies related to the Global Fishing Lure Market vary by country but generally focus on sustainable fishing practices and conservation efforts to protect marine ecosystems. Many countries have implemented regulations on fishing gear, including fishing lures, to minimize bycatch and prevent overfishing of certain species. Additionally, there are restrictions on the use of certain materials in fishing lures to reduce environmental impact. Some governments also provide incentives for companies to develop and use more environmentally friendly fishing lures, such as those made from biodegradable materials. Overall, the trend is towards stricter regulations and incentives to promote sustainability and protect marine resources in the Global Fishing Lure Market.
The Global Fishing Lure Market is expected to witness steady growth in the coming years, driven by increasing participation in recreational fishing activities, growing demand for sustainable fishing practices, and advancements in lure technology. The market is projected to benefit from the rising trend of catch-and-release fishing, as well as the introduction of innovative, eco-friendly lure materials. Additionally, the popularity of competitive fishing tournaments and the growing interest in fishing as a leisure activity are likely to boost market growth. However, challenges such as environmental concerns, regulatory restrictions on certain lure materials, and competition from alternative fishing methods could potentially hamper the market`s expansion. Overall, the Global Fishing Lure Market is anticipated to experience moderate growth with a focus on sustainability and innovation.
In the Global Fishing Lure Market, Asia holds a significant share due to the presence of key manufacturers in countries like China and Japan, offering a wide range of fishing lure products at competitive prices. North America follows closely, driven by the popularity of recreational fishing and the adoption of advanced fishing technologies. Europe showcases a growing demand for eco-friendly and sustainable fishing lures, aligning with the region`s focus on conservation and responsible fishing practices. The Middle East and Africa region is witnessing a steady increase in fishing lure sales, supported by the rising interest in recreational fishing activities. Latin America shows potential for market growth, with a growing fishing enthusiast population and increasing disposable income levels driving the demand for high-quality fishing lures.
Global Fishing Lure Market |
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Global Fishing Lure Market Overview |
3.1 Global Regional Macro Economic Indicators |
3.2 Global Fishing Lure Market Revenues & Volume, 2021 & 2031F |
3.3 Global Fishing Lure Market - Industry Life Cycle |
3.4 Global Fishing Lure Market - Porter's Five Forces |
3.5 Global Fishing Lure Market Revenues & Volume Share, By Regions, 2021 & 2031F |
3.6 Global Fishing Lure Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.7 Global Fishing Lure Market Revenues & Volume Share, By Fishing Type, 2021 & 2031F |
3.8 Global Fishing Lure Market Revenues & Volume Share, By Length, 2021 & 2031F |
3.9 Global Fishing Lure Market Revenues & Volume Share, By Sales Channel, 2021 & 2031F |
4 Global Fishing Lure Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Global Fishing Lure Market Trends |
6 Global Fishing Lure Market, 2021 - 2031 |
6.1 Global Fishing Lure Market, Revenues & Volume, By Type, 2021 - 2031 |
6.1.1 Overview & Analysis |
6.1.2 Global Fishing Lure Market, Revenues & Volume, By Jigs, 2021 - 2031 |
6.1.3 Global Fishing Lure Market, Revenues & Volume, By Combined Lures, 2021 - 2031 |
6.1.4 Global Fishing Lure Market, Revenues & Volume, By Spoons, 2021 - 2031 |
6.1.5 Global Fishing Lure Market, Revenues & Volume, By Soft Plastic Baits, 2021 - 2031 |
6.1.6 Global Fishing Lure Market, Revenues & Volume, By Flies, 2021 - 2031 |
6.1.7 Global Fishing Lure Market, Revenues & Volume, By Spinnerbaits, 2021 - 2031 |
6.1.8 Global Fishing Lure Market, Revenues & Volume, By Crankbaits, 2021 - 2031 |
6.2 Global Fishing Lure Market, Revenues & Volume, By Fishing Type, 2021 - 2031 |
6.2.1 Overview & Analysis |
6.2.2 Global Fishing Lure Market, Revenues & Volume, By Freshwater Fishing, 2021 - 2031 |
6.2.3 Global Fishing Lure Market, Revenues & Volume, By Saltwater Fishing, 2021 - 2031 |
6.2.4 Global Fishing Lure Market, Revenues & Volume, By Great Lake Fishing, 2021 - 2031 |
6.3 Global Fishing Lure Market, Revenues & Volume, By Length, 2021 - 2031 |
6.3.1 Overview & Analysis |
6.3.2 Global Fishing Lure Market, Revenues & Volume, By Less than 4 Inches, 2021 - 2031 |
6.3.3 Global Fishing Lure Market, Revenues & Volume, By 4 Inches, 2021 - 2031 |
6.3.4 Global Fishing Lure Market, Revenues & Volume, By 5 Inches, 2021 - 2031 |
6.3.5 Global Fishing Lure Market, Revenues & Volume, By More than 5 Inches, 2021 - 2031 |
6.4 Global Fishing Lure Market, Revenues & Volume, By Sales Channel, 2021 - 2031 |
6.4.1 Overview & Analysis |
6.4.2 Global Fishing Lure Market, Revenues & Volume, By Sports Outlets, 2021 - 2031 |
6.4.3 Global Fishing Lure Market, Revenues & Volume, By Modern Trade Channels, 2021 - 2031 |
6.4.4 Global Fishing Lure Market, Revenues & Volume, By Fishing Supply Stores, 2021 - 2031 |
6.4.5 Global Fishing Lure Market, Revenues & Volume, By Online Retail, 2021 - 2031 |
6.4.6 Global Fishing Lure Market, Revenues & Volume, By Other Channels, 2021 - 2031 |
7 North America Fishing Lure Market, Overview & Analysis |
7.1 North America Fishing Lure Market Revenues & Volume, 2021 - 2031 |
7.2 North America Fishing Lure Market, Revenues & Volume, By Countries, 2021 - 2031 |
7.2.1 United States (US) Fishing Lure Market, Revenues & Volume, 2021 - 2031 |
7.2.2 Canada Fishing Lure Market, Revenues & Volume, 2021 - 2031 |
7.2.3 Rest of North America Fishing Lure Market, Revenues & Volume, 2021 - 2031 |
7.3 North America Fishing Lure Market, Revenues & Volume, By Type, 2021 - 2031 |
7.4 North America Fishing Lure Market, Revenues & Volume, By Fishing Type, 2021 - 2031 |
7.5 North America Fishing Lure Market, Revenues & Volume, By Length, 2021 - 2031 |
7.6 North America Fishing Lure Market, Revenues & Volume, By Sales Channel, 2021 - 2031 |
8 Latin America (LATAM) Fishing Lure Market, Overview & Analysis |
8.1 Latin America (LATAM) Fishing Lure Market Revenues & Volume, 2021 - 2031 |
8.2 Latin America (LATAM) Fishing Lure Market, Revenues & Volume, By Countries, 2021 - 2031 |
8.2.1 Brazil Fishing Lure Market, Revenues & Volume, 2021 - 2031 |
8.2.2 Mexico Fishing Lure Market, Revenues & Volume, 2021 - 2031 |
8.2.3 Argentina Fishing Lure Market, Revenues & Volume, 2021 - 2031 |
8.2.4 Rest of LATAM Fishing Lure Market, Revenues & Volume, 2021 - 2031 |
8.3 Latin America (LATAM) Fishing Lure Market, Revenues & Volume, By Type, 2021 - 2031 |
8.4 Latin America (LATAM) Fishing Lure Market, Revenues & Volume, By Fishing Type, 2021 - 2031 |
8.5 Latin America (LATAM) Fishing Lure Market, Revenues & Volume, By Length, 2021 - 2031 |
8.6 Latin America (LATAM) Fishing Lure Market, Revenues & Volume, By Sales Channel, 2021 - 2031 |
9 Asia Fishing Lure Market, Overview & Analysis |
9.1 Asia Fishing Lure Market Revenues & Volume, 2021 - 2031 |
9.2 Asia Fishing Lure Market, Revenues & Volume, By Countries, 2021 - 2031 |
9.2.1 India Fishing Lure Market, Revenues & Volume, 2021 - 2031 |
9.2.2 China Fishing Lure Market, Revenues & Volume, 2021 - 2031 |
9.2.3 Japan Fishing Lure Market, Revenues & Volume, 2021 - 2031 |
9.2.4 Rest of Asia Fishing Lure Market, Revenues & Volume, 2021 - 2031 |
9.3 Asia Fishing Lure Market, Revenues & Volume, By Type, 2021 - 2031 |
9.4 Asia Fishing Lure Market, Revenues & Volume, By Fishing Type, 2021 - 2031 |
9.5 Asia Fishing Lure Market, Revenues & Volume, By Length, 2021 - 2031 |
9.6 Asia Fishing Lure Market, Revenues & Volume, By Sales Channel, 2021 - 2031 |
10 Africa Fishing Lure Market, Overview & Analysis |
10.1 Africa Fishing Lure Market Revenues & Volume, 2021 - 2031 |
10.2 Africa Fishing Lure Market, Revenues & Volume, By Countries, 2021 - 2031 |
10.2.1 South Africa Fishing Lure Market, Revenues & Volume, 2021 - 2031 |
10.2.2 Egypt Fishing Lure Market, Revenues & Volume, 2021 - 2031 |
10.2.3 Nigeria Fishing Lure Market, Revenues & Volume, 2021 - 2031 |
10.2.4 Rest of Africa Fishing Lure Market, Revenues & Volume, 2021 - 2031 |
10.3 Africa Fishing Lure Market, Revenues & Volume, By Type, 2021 - 2031 |
10.4 Africa Fishing Lure Market, Revenues & Volume, By Fishing Type, 2021 - 2031 |
10.5 Africa Fishing Lure Market, Revenues & Volume, By Length, 2021 - 2031 |
10.6 Africa Fishing Lure Market, Revenues & Volume, By Sales Channel, 2021 - 2031 |
11 Europe Fishing Lure Market, Overview & Analysis |
11.1 Europe Fishing Lure Market Revenues & Volume, 2021 - 2031 |
11.2 Europe Fishing Lure Market, Revenues & Volume, By Countries, 2021 - 2031 |
11.2.1 United Kingdom Fishing Lure Market, Revenues & Volume, 2021 - 2031 |
11.2.2 Germany Fishing Lure Market, Revenues & Volume, 2021 - 2031 |
11.2.3 France Fishing Lure Market, Revenues & Volume, 2021 - 2031 |
11.2.4 Rest of Europe Fishing Lure Market, Revenues & Volume, 2021 - 2031 |
11.3 Europe Fishing Lure Market, Revenues & Volume, By Type, 2021 - 2031 |
11.4 Europe Fishing Lure Market, Revenues & Volume, By Fishing Type, 2021 - 2031 |
11.5 Europe Fishing Lure Market, Revenues & Volume, By Length, 2021 - 2031 |
11.6 Europe Fishing Lure Market, Revenues & Volume, By Sales Channel, 2021 - 2031 |
12 Middle East Fishing Lure Market, Overview & Analysis |
12.1 Middle East Fishing Lure Market Revenues & Volume, 2021 - 2031 |
12.2 Middle East Fishing Lure Market, Revenues & Volume, By Countries, 2021 - 2031 |
12.2.1 Saudi Arabia Fishing Lure Market, Revenues & Volume, 2021 - 2031 |
12.2.2 UAE Fishing Lure Market, Revenues & Volume, 2021 - 2031 |
12.2.3 Turkey Fishing Lure Market, Revenues & Volume, 2021 - 2031 |
12.3 Middle East Fishing Lure Market, Revenues & Volume, By Type, 2021 - 2031 |
12.4 Middle East Fishing Lure Market, Revenues & Volume, By Fishing Type, 2021 - 2031 |
12.5 Middle East Fishing Lure Market, Revenues & Volume, By Length, 2021 - 2031 |
12.6 Middle East Fishing Lure Market, Revenues & Volume, By Sales Channel, 2021 - 2031 |
13 Global Fishing Lure Market Key Performance Indicators |
14 Global Fishing Lure Market - Export/Import By Countries Assessment |
15 Global Fishing Lure Market - Opportunity Assessment |
15.1 Global Fishing Lure Market Opportunity Assessment, By Countries, 2021 & 2031F |
15.2 Global Fishing Lure Market Opportunity Assessment, By Type, 2021 & 2031F |
15.3 Global Fishing Lure Market Opportunity Assessment, By Fishing Type, 2021 & 2031F |
15.4 Global Fishing Lure Market Opportunity Assessment, By Length, 2021 & 2031F |
15.5 Global Fishing Lure Market Opportunity Assessment, By Sales Channel, 2021 & 2031F |
16 Global Fishing Lure Market - Competitive Landscape |
16.1 Global Fishing Lure Market Revenue Share, By Companies, 2024 |
16.2 Global Fishing Lure Market Competitive Benchmarking, By Operating and Technical Parameters |
17 Top 10 Company Profiles |
18 Recommendations |
19 Disclaimer |