Product Code: ETC229650 | Publication Date: Aug 2022 | Updated Date: Apr 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 | |
The Vietnam Fishing Lure Market is projected to witness mixed growth rate patterns during 2025 to 2029. Starting at 10.41% in 2025, the market peaks at 12.54% in 2028, and settles at 11.81% by 2029.
The Fishing Lure market in Vietnam is projected to grow at a high growth rate of 12.20% by 2027, highlighting the country's increasing focus on advanced technologies within the Asia region, where China holds the dominant position, followed closely by India, Japan, Australia and South Korea, shaping overall regional demand.
The fishing lure market in Vietnam offers a range of artificial baits and lures used to attract fish. Fishing lures are designed to mimic the appearance and movement of prey, enticing fish to strike. They are an essential tool for anglers seeking to enhance their fishing success. The market provides a selection of lures suitable for various fishing environments and target species, supporting fishing enthusiasts and professionals in Vietnam.
The growth of the Vietnam fishing lure market is driven by the growing interest in sport fishing, the desire for efficient bait options, and the development of diverse fishing techniques. Fishing lures are artificial baits designed to attract fish and entice them to strike. The market benefits from the enthusiasm of anglers for varied fishing experiences, the need for specialized lures for different fish species, and the availability of a wide range of lure designs and colors. Manufacturers continuously innovate in lure design, incorporating realism and versatility to improve fishing success rates, contributing to the market`s expansion.
The Vietnam fishing lure market faces challenges related to competition and consumer preferences for realistic and effective lures. Fishing lures play a vital role in attracting fish, and consumers seek lures that mimic natural prey effectively. Competition among lure manufacturers is high, and manufacturers must invest in research and development to create realistic and versatile lures while highlighting their effectiveness in attracting fish.
The Vietnam fishing lure market saw shifts in consumer behavior and outdoor activities during the COVID-19 pandemic. With limitations on travel and social distancing measures, there was an increased interest in fishing as a recreational activity. The demand for fishing lures and baits surged as anglers explored local fishing opportunities. Manufacturers adapted by providing a variety of lure options and emphasizing quality and effectiveness. Despite challenges posed by the pandemic, the market remained dynamic and adjusted to cater to the preferences of outdoor enthusiasts and anglers seeking leisure activities.
Key players in the Vietnam fishing lure market include domestic retailers and manufacturers of fishing lures, as well as international fishing tackle companies. Domestic companies like DAIJIN Lures Vietnam Co., Ltd. are involved in the production and distribution of fishing lures within Vietnam. Additionally, international fishing tackle manufacturers like Rapala offer a diverse range of fishing lures in the Vietnamese market, catering to the preferences of anglers targeting different fish species.
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 Vietnam Fishing Lure Market Overview |
3.1 Vietnam Country Macro Economic Indicators |
3.2 Vietnam Fishing Lure Market Revenues & Volume, 2021 & 2031F |
3.3 Vietnam Fishing Lure Market - Industry Life Cycle |
3.4 Vietnam Fishing Lure Market - Porter's Five Forces |
3.5 Vietnam Fishing Lure Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Vietnam Fishing Lure Market Revenues & Volume Share, By Fishing Type, 2021 & 2031F |
3.7 Vietnam Fishing Lure Market Revenues & Volume Share, By Length, 2021 & 2031F |
3.8 Vietnam Fishing Lure Market Revenues & Volume Share, By Sales Channel, 2021 & 2031F |
4 Vietnam Fishing Lure Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Vietnam Fishing Lure Market Trends |
6 Vietnam Fishing Lure Market, By Types |
6.1 Vietnam Fishing Lure Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Vietnam Fishing Lure Market Revenues & Volume, By Type, 2021-2031F |
6.1.3 Vietnam Fishing Lure Market Revenues & Volume, By Jigs, 2021-2031F |
6.1.4 Vietnam Fishing Lure Market Revenues & Volume, By Combined Lures, 2021-2031F |
6.1.5 Vietnam Fishing Lure Market Revenues & Volume, By Spoons, 2021-2031F |
6.1.6 Vietnam Fishing Lure Market Revenues & Volume, By Soft Plastic Baits, 2021-2031F |
6.1.7 Vietnam Fishing Lure Market Revenues & Volume, By Flies, 2021-2031F |
6.1.8 Vietnam Fishing Lure Market Revenues & Volume, By Spinnerbaits, 2021-2031F |
6.2 Vietnam Fishing Lure Market, By Fishing Type |
6.2.1 Overview and Analysis |
6.2.2 Vietnam Fishing Lure Market Revenues & Volume, By Freshwater Fishing, 2021-2031F |
6.2.3 Vietnam Fishing Lure Market Revenues & Volume, By Saltwater Fishing, 2021-2031F |
6.2.4 Vietnam Fishing Lure Market Revenues & Volume, By Great Lake Fishing, 2021-2031F |
6.3 Vietnam Fishing Lure Market, By Length |
6.3.1 Overview and Analysis |
6.3.2 Vietnam Fishing Lure Market Revenues & Volume, By Less than 4 Inches, 2021-2031F |
6.3.3 Vietnam Fishing Lure Market Revenues & Volume, By 4 Inches, 2021-2031F |
6.3.4 Vietnam Fishing Lure Market Revenues & Volume, By 5 Inches, 2021-2031F |
6.3.5 Vietnam Fishing Lure Market Revenues & Volume, By More than 5 Inches, 2021-2031F |
6.4 Vietnam Fishing Lure Market, By Sales Channel |
6.4.1 Overview and Analysis |
6.4.2 Vietnam Fishing Lure Market Revenues & Volume, By Sports Outlets, 2021-2031F |
6.4.3 Vietnam Fishing Lure Market Revenues & Volume, By Modern Trade Channels, 2021-2031F |
6.4.4 Vietnam Fishing Lure Market Revenues & Volume, By Fishing Supply Stores, 2021-2031F |
6.4.5 Vietnam Fishing Lure Market Revenues & Volume, By Online Retail, 2021-2031F |
6.4.6 Vietnam Fishing Lure Market Revenues & Volume, By Other Channels, 2021-2031F |
7 Vietnam Fishing Lure Market Import-Export Trade Statistics |
7.1 Vietnam Fishing Lure Market Export to Major Countries |
7.2 Vietnam Fishing Lure Market Imports from Major Countries |
8 Vietnam Fishing Lure Market Key Performance Indicators |
9 Vietnam Fishing Lure Market - Opportunity Assessment |
9.1 Vietnam Fishing Lure Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Vietnam Fishing Lure Market Opportunity Assessment, By Fishing Type, 2021 & 2031F |
9.3 Vietnam Fishing Lure Market Opportunity Assessment, By Length, 2021 & 2031F |
9.4 Vietnam Fishing Lure Market Opportunity Assessment, By Sales Channel, 2021 & 2031F |
10 Vietnam Fishing Lure Market - Competitive Landscape |
10.1 Vietnam Fishing Lure Market Revenue Share, By Companies, 2024 |
10.2 Vietnam Fishing Lure Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |