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Fishing in Canada Industry Data and Analysis
Canada’s fishing industry has seen revenue shrink at a CAGR of 5.0% since 2021, reaching an estimated $4.3 billion in 2026 after a modest projected rebound of 1.6% for the year. The reversal of earlier price surges, which once lifted revenues despite flat landings, has weighed on profitability as input costs remain stubbornly high. Fuel, freight and labour costs continue to challenge profit even as seafood prices have dropped faster than some sticky primary input expenses. Compounding the pressure, the rapid expansion of domestic aquaculture, and particularly farmed salmon and trout, has heightened competition in both retail and export channels, eroding market share for wild-capture producers. External trade dynamics have added volatility: while China’s 2025 retaliatory tariffs sharply curtailed shellfish exports, a 2026 agreement-in-principle to remove key duties promises near‑term relief. Yet, with weakened US demand and lingering global price softness, profitability remains fragile as eased selling prices collide with persistently high operating expenses.
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What's included in this industry analysis
IBISWorld's research coverage on the Fishing industry in Canada includes market sizing, forecasting, data and analysis from 2016-2031. The most recent publication was released February 2026.
About this industry
What's this industry report about?
The Fishing industry in Canada operates under the NAICS industry code 11411CA. The Canadian fishing industry consists of operators that harvest wild fish and shellfish, such as finfish, molluscs and crustaceans, from marine and inland capture fisheries. It includes activities like catching, handling and landing wild‑caught species for sale to processors, wholesalers and exporters, but not aquaculture or farm‑raised production. Related terms covered in the Fishing industry in Canada include aquaculture, shellfish and finfish.
What's included in this industry?
Products and services covered in Fishing industry in Canada include Freshwater finfish, Pacific shellfish and Atlantic shellfish.
What companies are included in this industry?
The Fishing industry in Canada is highly fragmented with no companies holding a market share greater than 5%.
Performance
What's included in the Performance chapter?
The Performance chapter covers detailed analysis, datasets, detailed current performance, sources of volatility and an outlook with forecasts for the Fishing industry in Canada.
Questions answered in this chapter include what's driving current industry performance, what influences industry volatility, how do successful businesses overcome volatility, what's driving the industry outlook. This analysis is supported with data and statistics on industry revenues, costs, profits, businesses and employees.
Products & Markets
What's included in the Products and Markets chapter?
The Products and Markets chapter covers detailed product and service segmentation, analysis of major markets and international trade data for the for the Fishing industry in Canada.
Questions answered in this chapter include how are the industry's products and services performing, what are innovations in industry products and services, what products or services do successful businesses offer and what's influencing demand from the industry's markets. This includes data and statistics on industry revenues by product and service segmentation and major markets.
Geographic Breakdown
What's included in the Geographic Breakdown chapter?
The Geographic Breakdown chapter covers detailed analysis and datasets on regional performance of the Fishing industry in Canada.
Questions answered in this chapter include where are industry businesses located and how do businesses use location to their advantage. This includes data and statistics on industry revenues by location.
Competitive Forces
What's included in the Competitive Forces chapter?
The Competitive Forces chapter covers the concentration, barriers to entry and supplier and buyer profiles in the Fishing industry in Canada. This includes data and statistics on industry market share concentration, barriers to entry, substitute products and buyer & supplier power.
Questions answered in this chapter include what impacts the industry's market share concentration, how do successful businesses handle concentration, what challenges do potential industry entrants face, how can potential entrants overcome barriers to entry, what are substitutes for industry services, how do successful businesses compete with substitutes and what power do buyers and suppliers have over the industry and how do successful businesses manage buyer & supplier power.
Companies
What's included in the Companies chapter?
The Companies chapter covers Key Takeaways, Market Share and Companies in the Fishing industry in Canada. This includes data and analysis on companies operating in the industry that hold a market share greater than 5%.
Questions answered in this chapter include what companies have a meaningful market share and how each company is performing.
External Environment
What's included in the External Environment chapter?
The External Environment chapter covers Key Takeaways, External Drivers, Regulation & Policy and Assistance in the Fishing industry in Canada. This includes data and statistics on factors impacting industry revenue such as economic indicators, regulation, policy and assistance programs.
Questions answered in this chapter include what demographic and macroeconomic factors impact the industry, what regulations impact the industry, what assistance is available to this industry.
Financial Benchmarks
What's included in the Financial Benchmarks chapter?
The Financial Benchmarks chapter covers Key Takeaways, Cost Structure, Financial Ratios, Valuation Multiples and Key Ratios in the Fishing industry in Canada. This includes financial data and statistics on industry performance including key cost inputs, profitability, key financial ratios and enterprise value multiples.
Questions answered in this chapter include what trends impact industry costs and how financial ratios have changed overtime.
Industry Data
What's included in the Industry Data chapter?
The Industry Data chapter includes 10 years of historical data with 5 years of forecast data covering statistics like revenue, industry value add, establishments, enterprises, employment and wages in the Fishing industry in Canada.
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Frequently Asked Questions
What is the market size of the Fishing industry in Canada in 2026?
The market size of the Fishing industry in Canada is $4.3bn in 2026.
How many businesses are there in the Fishing industry in Canada in 2026?
There are 18,586 businesses in the Fishing industry in Canada, which has grown at a CAGR of 2.4 % between 2021 and 2026.
How may import tariffs affect the Fishing industry in Canada?
The Fishing industry in Canada is likely to be impacted by import tariffs with imports accounting for a moderate share of industry revenue.
How may export tariffs affect the Fishing industry in Canada?
The Fishing industry in Canada is likely to be significantly impacted by export tariffs with exports accounting for a high share of industry revenue.
Has the Fishing industry in Canada grown or declined over the past 5 years?
The market size of the Fishing industry in Canada has been declining at a CAGR of 5.0 % between 2021 and 2026.
What is the forecast growth of the Fishing industry in Canada over the next 5 years?
Over the next five years, the Fishing industry in Canada is expected to grow.
What does the Fishing industry in Canada include?
Freshwater finfish fishing and Pacific shellfish fishing are part of the Fishing industry in Canada.
How competitive is the Fishing industry in Canada?
The level of competition is moderate and increasing in the Fishing industry in Canada.
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