Commercial Fishing NAICS 1141

        Commercial Fishing

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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

Mar 27, 2026 - Alaskans Seek Ban on Bottom Trawling
  • 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.
  • The newly 2025–2030 Dietary Guidelines for Americans recognize seafood as a whole-food source of key nutrients and encourage Americans to prioritize omega-3 fatty acids, Seafood Source reports. The DGAs create demand‑side opportunities for seafood producers. By explicitly prioritizing high‑quality protein and healthy fats while discouraging processed foods, they elevate seafood as a core “real food” category and recommend three or more servings per week, a substantial increase over current US consumption. This positions seafood as a preferred nutrient‑dense protein across all life stages, including infants, pregnant women, and adolescents, expanding the addressable market for fishers and manufacturers of fresh, frozen, canned, and value‑added products. Because the DGAs shape dozens of federal nutrition programs, the industry can expect higher procurement volumes from schools, military dining, veteran programs, and child nutrition services. The emphasis on omega‑3s, choline, and B12 strengthens the case for species like salmon, pollock, tuna, and shrimp.
  • According to a new report from NOAA Fisheries, there were 95 large whale entanglement cases documented in 2024, an increase from 2023 and higher than the historical average. 2024’s entanglement count is above the average annual number of confirmed entanglements over the previous 17 years, which was 71.4. The National Report on Large Whale Entanglements Confirmed in the United States in 2024, released in September, finds that entanglements in fishing gear or marine debris represent an ongoing threat to the welfare and recovery of many whale species, including species that are endangered and approaching extinction (e.g., North Atlantic right whales). Entanglements involving threatened or endangered species can have significant negative impacts on the population as a whole. NOAA's Atlantic Large Whale Take Reduction Plan has required some fishermen to use gear, like weaker ropes, that lower the risk of entanglement.

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
                              Source: Vertical IQ and Inforum

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