Commercial Fishing NAICS 1141
Unlock access to the full platform with more than 900 industry reports and local economic insights.
Get access to this Industry Profile including 18+ chapters and more than 50 pages of industry research.
Industry Summary
The 2,627 commercial fishing operations in the US harvest fish and shellfish from their natural habitats in fresh water, tidal areas, rivers, and oceans. The approximately 300 target species vary by region and require differing methods, vessels, and equipment for their catch. Imports currently represent about 80% of US consumption of fish and shellfish.
Hazardous Weather
Fishing is a seasonal occupation and catch is highest during the summer and fall, as winter fishing is particularly hazardous.
Overfishing
Overfishing occurs when a stock has a harvest rate higher than the rate that produces its maximum sustainable yield.
Recent Developments
May 27, 2026 - Ocean Conditions Threaten US Fisheries
- A new report from the Ocean Conservancy (OC) warns that climate change, overfishing pressures, bycatch issues, and weakening fish populations are creating growing risks for the US commercial fishing industry. The OC report finds many federally managed fisheries continue to struggle despite decades of rebuilding efforts, with numerous fish stocks, including key species like flounder, salmon, and shrimp, remaining overfished or showing declining population trends. As ocean conditions change for the worse, commercial fishers could face tighter catch limits, shifting fish migration patterns, and higher operational uncertainty. The report also raises concerns about reduced NOAA funding and fisheries management resources by the Trump administration, which could affect stock assessments, regulatory oversight, and long-term sustainability planning. For the commercial fishing industry, the findings underscore increasing pressure to adapt operations, invest in sustainable practices and prepare for greater regulatory and environmental volatility across key fisheries.
- Louisiana's crawfish industry is struggling with labor shortages after delays and limits in the federal H-2B guest worker visa program left many processors without seasonal foreign workers during the peak spring crawfish season, Food Manufacturing reports. The $300 million industry relies heavily on workers from Mexico and Central America to peel and package crawfish, jobs producers say local workers are unwilling to fill. At least 15 of Louisiana's 20 major crawfish processors reportedly received no guest workers this season, creating production bottlenecks and threatening higher crawfish prices for restaurants, retailers, and consumers. Operators warn the labor shortage could reduce product availability, disrupt seafood supply chains, and hurt profitability even if additional visas are approved later in the season. Louisiana’s labor shortage adds to the list of US industries that rely on seasonal foreign labor and are feeling the pinch of the Trump administration's clampdown on legal avenues for immigration.
- Growing pressure to ban bottom trawling in waters off Alaska could significantly reshape the commercial fishing industry there, National Fisherman reports. More than 5,000 residents are urging federal action, citing concerns that industrial trawling causes high bycatch, including salmon, halibut, and crab, which are critical to many fisheries. For commercial fishers, especially smaller and subsistence fisheries, a ban could improve fish stock health and long-term sustainability, potentially reopening restricted fisheries and supporting more stable harvests. Many fishermen argue current practices are inequitable, as smaller fisheries face strict limits while trawlers continue operating with high bycatch levels. However, a ban would likely disrupt trawl fleets targeting species like pollock, forcing operational changes or reducing output in that segment. Overall, the issue reflects a broader industry shift toward balancing industrial fishing efficiency with conservation, with potential economic trade-offs between large-scale operators and smaller, community-based fisheries.
- President Trump has signed a proclamation allowing commercial fishing in the Northeast Canyons and Seamounts Marine National Monument, reversing protections first established in 2016, The New York Times reports. The 5,000-square-mile monument off Cape Cod is home to diverse marine life, including endangered whales, dolphins, sea turtles, and deep-sea corals. Fishing industry groups support Trump’s move, arguing their practices are regulated and vital to coastal economies. Some industry representatives said maintaining healthy waters is essential to their survival. Environmental groups strongly opposed the decision, warning that fishing could threaten fragile ecosystems and arguing the action may violate the Antiquities Act. Critics emphasized the area’s importance as a refuge for marine species and a scientific resource, particularly as ocean warming accelerates. The decision follows a similar rollback in the Pacific and may face legal challenges, as previous attempts to lift protections have been contested in court, according to NYT.
Industry Revenue
Commercial Fishing
Industry Structure
Industry size & Structure
The average commercial fishing company employs 2 workers and generates nearly $1 million in annual revenue.
- There are about 2,627 companies in commercial fishing, with about 5,344 people employed as commercial harvesters, according to NOAA Fisheries.
- Companies in commercial fishing vary in size, from small vessel and family operations that operate as a fishing community to local and regional markets to large corporate fleets that supply regional, national, and export markets.
- Total annual revenue or "landings value" for commercial fishers ranges from $8-9 billion.
- The largest firms are typically integrated, moving from managing their own fishing fleet to processing and distribution. These firms include: Nissui USA (formerly Nippon Suisan Kaisha USA), Tri Marine International, and Trident Seafoods Corporation.
- Eight regional fishery management councils under NOAA oversee about 45 fishery management plans that control approximately 492 major fish stocks, making up over 90% of annual revenue.
- Dutch Harbor, Alaska, and New Bedford, Massachusetts, are the top ports in value and volume of commercial landings, according to NOAA Fisheries.
- The three species with the highest landings value were salmon ($827 million), lobster ($581 million), and crab ($570 million).
Industry Forecast
Industry Forecast
Commercial Fishing Industry Growth
Vertical IQ Industry Report
For anyone actively digging deeper into a specific industry.
50+ pages of timely industry insights
18+ chapters
PDF delivered to your inbox
