Philippines Fishing Lure Market (2025-2031) | Outlook, Analysis, Growth, Size, Value, Companies, Trends, Forecast, Revenue, Share & Industry

Topics Covered in the Philippines Fishing Lure Market

Philippines Fishing Lure Market report thoroughly covers the market by type, fishing type, length and sales channel. The market outlook report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.

Philippines Fishing Lure Market Synopsis

Philippines Fishing Lure Market is expected to grow in the forecast period as the Philippines fishing lure market is a thriving industry that has been growing by leaps and bounds in recent years. The country's bountiful natural resources, abundant marine life, and ideal fishing conditions make it an ideal market for fishing lure retailers and avid anglers alike. The use of fishing lures, both artificial and natural, has been increasing in the country due to their ease of use and effectiveness in attracting a wide variety of fish species. The industry comprises numerous manufacturers, distributors, and retailers, making it a highly competitive market.

According to 6Wresearch, the Philippines Fishing Lure Market size is projected to grow at the CAGR of 7 % during the forecast period of 2025-2031. The Philippines has an abundant and diverse marine ecosystem that attracts many fishing enthusiasts and sportsmen worldwide. The rise in tourism activities that include fishing and the development of modern technologies have encouraged people to explore and experiment with new gear and equipment. This surge in demand for fishing lures has created an opportunity for local and foreign players to introduce new products in the country. The primary driver behind the growth of the fishing lure market in the Philippines is the country's rich and diverse marine ecosystem.

With over 7,000 islands, the country provides ample opportunities for anglers, both recreational and commercial, to catch fish. Moreover, fishing is a common hobby for the youth in the Philippines, which has led to an increased demand for fishing lures. The Fishing lure market in Philippines faces two major challenges. Firstly, there is a lack of awareness regarding the importance of good quality lures and how they can positively impact the fishing outcome. Many anglers are satisfied with mediocre quality lures, hindering the growth of the market. Secondly, the market faces intense competition from foreign brands, which have established a strong foothold in the country's fishing lure market.

Government policies and schemes introduced in the Philippines Fishing Lure Market

The government of the Philippines recognizes the significant potential of the fishing industry in the country and has initiated several measures to support its growth. The Fisheries Code of 1998 and the Magna Carta for Small Fishers are two of the significant initiatives aimed to protect the rights of small and marginalized fisherfolk and to promote the sustainable development of the fishing industry. Moreover, the government has also invested in the development of fishing ports, cold storage facilities, and marketing initiatives to boost the growth of the industry.

Leading players in the Philippines Fishing Lure Market

The fishing lure market in the Philippines comprises both local and foreign players. Local brands such as D'lure Fishing Lures, Cuervo Fishing Lures, and Bigfish Hancrafted Lures are some of the significant local players in the market. International brands such as Rapala, Daiwa, and Luck-e-Strike Fishing Lures have also increased Philippines Fishing Lure Market Share in the country, offering innovative and premium quality products.

Market analysis by type

There are different types of fishing lures that are available in Philippines Fishing Lure Industry and each type is suited for a particular type of fish or fishing technique. One of the segments that are expected to grow in the Philippines fishing lure market is Jigs. Jigs are one of the oldest types of lures, and they are very effective in catching fish in both freshwater and saltwater.

Market analysis by fishing type

According to Shivankar, Research Manager, 6Wresearch, Freshwater, saltwater, and Great Lake Fishing are the three main fishing types in the Philippines. Saltwater fishing is expected to be the most lucrative market as it is popular among recreational anglers and professional fishermen. In the Philippines, you can find a variety of game species such as tuna, marlin, sailfish, and barracuda, which require specialized lures to catch. Saltwater fishing lures are designed to withstand the harsh marine environment and attract large fish species, which make them a high-value product.

Market analysis Sales Channel

Sports outlets, modern trade channels, fishing supply stores, online retail, and other channels are the primary sales channels for fishing lures in the Philippines. Sports outlets and modern trade channels are expected to attract the most customers in the coming years. These channels offer a range of options, competitive pricing, and attractive packaging, making them a preferred choice for consumers. Fishing supply stores and online retail are also expected lead Philippines Fishing Lure Market Growth, as they offer specialized products and cater to niche customer requirements.

Key attractiveness of the report

• 10 Years Market Numbers.
• Historical Data Starting from 2021 to 2024.
• Base Year: 2024.
• Forecast Data until 2031.
• Key Performance Indicators Impacting the Market.
• Major Upcoming Developments and Projects.

Key Highlights of the Report:

• Philippines Fishing Lure Market Outlook
• Market Size of Philippines Fishing Lure Market, 2024
• Forecast of Philippines Fishing Lure Market, 2031
• Historical Data and Forecast of Philippines Fishing Lure Revenues & Volume for the Period 2021 - 2031
• Philippines Fishing Lure Market Trend Evolution
• Philippines Fishing Lure Market Drivers and Challenges
• Philippines Fishing Lure Price Trends
• Philippines Fishing Lure Porter's Five Forces
• Philippines Fishing Lure Industry Life Cycle
• Historical Data and Forecast of Philippines Fishing Lure Market Revenues & Volume By Type for the Period 2021 - 2031
• Historical Data and Forecast of Philippines Fishing Lure Market Revenues & Volume By Jigs for the Period 2021 - 2031
• Historical Data and Forecast of Philippines Fishing Lure Market Revenues & Volume By Combined Lures for the Period 2021 - 2031
• Historical Data and Forecast of Philippines Fishing Lure Market Revenues & Volume By Spoons for the Period 2021 - 2031
• Historical Data and Forecast of Philippines Fishing Lure Market Revenues & Volume By Soft Plastic Baits for the Period 2021 - 2031
• Historical Data and Forecast of Philippines Fishing Lure Market Revenues & Volume By Flies for the Period 2021 - 2031
• Historical Data and Forecast of Philippines Fishing Lure Market Revenues & Volume By Spinnerbaits for the Period 2021 - 2031
• Historical Data and Forecast of Philippines Fishing Lure Market Revenues & Volume By Crankbaits for the Period 2021 - 2031
• Historical Data and Forecast of Philippines Fishing Lure Market Revenues & Volume By Fishing Type for the Period 2021 - 2031
• Historical Data and Forecast of Philippines Fishing Lure Market Revenues & Volume By Freshwater Fishing for the Period 2021 - 2031
• Historical Data and Forecast of Philippines Fishing Lure Market Revenues & Volume By Saltwater Fishing for the Period 2021 - 2031
• Historical Data and Forecast of Philippines Fishing Lure Market Revenues & Volume By Great Lake Fishing for the Period 2021 - 2031
• Historical Data and Forecast of Philippines Fishing Lure Market Revenues & Volume By Length for the Period 2021 - 2031
• Historical Data and Forecast of Philippines Fishing Lure Market Revenues & Volume By Less than 4 Inches for the Period 2021 - 2031
• Historical Data and Forecast of Philippines Fishing Lure Market Revenues & Volume By 4 Inches for the Period 2021 - 2031
• Historical Data and Forecast of Philippines Fishing Lure Market Revenues & Volume By 5 Inches for the Period 2021 - 2031
• Historical Data and Forecast of Philippines Fishing Lure Market Revenues & Volume By More than 5 Inches for the Period 2021 - 2031
• Historical Data and Forecast of Philippines Fishing Lure Market Revenues & Volume By Sales Channel for the Period 2021 - 2031
• Historical Data and Forecast of Philippines Fishing Lure Market Revenues & Volume By Sports Outlets for the Period 2021 - 2031
• Historical Data and Forecast of Philippines Fishing Lure Market Revenues & Volume By Modern Trade Channels for the Period 2021 - 2031
• Historical Data and Forecast of Philippines Fishing Lure Market Revenues & Volume By Fishing Supply Stores for the Period 2021 - 2031
• Historical Data and Forecast of Philippines Fishing Lure Market Revenues & Volume By Online Retail for the Period 2021 - 2031
• Historical Data and Forecast of Philippines Fishing Lure Market Revenues & Volume By Other Channels for the Period 2021 - 2031
• Philippines Fishing Lure Import Export Trade Statistics
• Market Opportunity Assessment By Type
• Market Opportunity Assessment By Fishing Type
• Market Opportunity Assessment By Length
• Market Opportunity Assessment By Sales Channel
• Philippines Fishing Lure Top Companies Market Share
• Philippines Fishing Lure Competitive Benchmarking By Technical and Operational Parameters
• Philippines Fishing Lure Company Profiles
• Philippines Fishing Lure Key Strategic Recommendations

Market Covered

The report offers a comprehensive study of the subsequent market segments:

By Type

• Jigs
• Combined Lures
• Spoons
• Soft Plastic Baits
• Flies
• Spinnerbaits
• Crankbaits

By Fishing Type

• Freshwater Fishing
• Saltwater Fishing
• Great Lake Fishing

By Length

• Less Than 4 Inches
• 4 Inches
• 5 Inches
• More Than 5 Inches

By Sales Channel

• Sports Outlets
• Modern Trade Channels
• Fishing Supply Stores
• Online Retail
• Other Channels