Brazil Fishing Equipment Market Overview, 2028

Fishing is an important cultural activity in Brazil, with a long history dating back to indigenous communities that relied on fishing for food and livelihood. Today, fishing remains an important part of Brazilian culture, with many coastal and riverine communities relying on it for their economic and social well-being. In many parts of Brazil, fishing is not just a means of sustenance but also a way of life and a source of cultural identity. Fishing traditions and techniques have been passed down through generations, and many communities have developed their own unique fishing practises and rituals. Fishing in Brazil can be done in a variety of settings, including rivers, lakes, mangrove swamps, and the open ocean. Some of the most popular fishing destinations in Brazil include the Amazon Basin, the Pantanal Wetlands, and the coastal waters of Bahia and Rio de Janeiro. According to the research report "The Brazil Fishing Equipment Market Overview, 2028," published by Bonafide Research, the Brazil Fishing Equipment market is expected to grow at more than 4% CAGR from 2023 to 2028. Fishing is a popular pastime among Brazilians, with many people taking up the activity for relaxation, sport, or socializing. As the popularity of recreational fishing continues to grow, so too does the demand for high-quality fishing equipment. Fishing equipment manufacturers are constantly developing new products and incorporating new technologies to improve the performance and functionality of their products. Also, anglers can monitor their reels' performance, including line tension, drag, and retrieve speed, using sensors and Bluetooth technology built into smart fishing reels. A smartphone app that receives this data can be used by anglers to monitor their performance and make quick modifications. This has led to increased demand for specialised equipment, such as high-tech reels, advanced lures, and underwater cameras. Based on the Fishing Equipment products, these include hooks, lines, sinkers & floats, roads, reels, nets & traps, spears & gaffs, baits & lures, and others. Among all reels, those with the greatest market share in the Brazilian fishing equipment Rods are expected to grow at the fastest CAGR in the future. Manufacturers of fishing rods are continuously coming up with new designs and using cutting-edge technology to enhance the performance and usability of their goods. This has resulted in a rise in demand for specialty fishing rods, such as portable telescopic rods or lightweight graphite rods. There are several start-ups for fishing equipment in Brazil; including FishTV is a Brazilian start-up that operates an online platform dedicated to fishing. The platform features fishing videos, tutorials, and live streams, as well as an e-commerce section where users can purchase fishing equipment and accessories. Albatroz Fishing is a Brazilian start-up that specialises in the production of high-quality fishing rods, reels, and accessories. The company has a strong focus on research and development and has developed several patented technologies for use in their products. Black Fish is a Brazilian start-up that develops fishing lures and other accessories using 3D printing technology. The company's products are designed to be eco-friendly and sustainable, using recycled materials and biodegradable components. Pesca.com.br is a Brazilian e-commerce platform that specialises in fishing equipment and accessories. The company offers a wide range of products from both domestic and international manufacturers and has a strong focus on customer service and support. Zagaia Lures is a Brazilian start-up that develops and manufactures fishing lures for a wide range of fish species. There are several government rules and regulations for fishing equipment in Brazil, and the importation of fishing equipment into Brazil is subject to several regulations and restrictions, including requirements related to product labelling and certification. The sale of fishing equipment in Brazil is subject to various taxes, including import taxes, value-added tax (VAT), and excise taxes. In order to sell fishing equipment in Brazil, companies must obtain the necessary licences and registrations from the relevant government agencies. This includes registering with the National Institute of Metrology, Quality, and Technology (INMETRO) and obtaining certification for their products. As well, the government has many initiatives for the fishing equipment market, including The National Programme for Aquaculture and Fisheries is a government programme that provides funding and technical assistance to support the development of the fishing and aquaculture industries in Brazil. The programme provides financing for fishing equipment, infrastructure, and training programmes. The Fisheries and Aquaculture Fund is a government fund that provides financing for the development of the fisheries and aquaculture industries in Brazil. The fund supports research and development projects as well as the purchase of fishing equipment and infrastructure. The National Institute of Fishing is a government agency responsible for promoting and regulating the fishing industry in Brazil. The agency provides technical assistance to fishermen, conducts research on fisheries, and regulates fishing activities to ensure their sustainability. Based on the distribution channel, which includes both online and offline, the offline segment currently dominates the market in Brazil. There are certain specialist stores for fishing equipment in Brazil: Pesca Pinheiros, Rei da Pesca, Casa do Pescador, and Escola do Pescador. Local manufacturers of fishing equipment in Brazil are Marine Sports, Albatroz Fishing, and MS Lures. Considered in this report • Geography: Brazil • Historic year: 2017 • Base year: 2022 • Estimated year: 2023 • Forecast year: 2028 Aspects covered in this report • Brazil Fishing Equipment market with its value and forecast along with its segments • Various drivers and challenges • On-going trends and developments • Top profiled companies • Strategic recommendation By Type • Hooks • lines • Sinkers & floats • Rods • Reels • Nets & Traps • Spears& Gaffs • Baits & Lures. • Others By Nature • Fresh water • Salt water • Fly Fishing By Distribution Channel • Online • offline The approach of the report: This report consists of a combined approach of primary and secondary research. Initially, secondary research was used to get an understanding of the market and list out the companies that are present in it. The secondary research consists of third-party sources such as press releases, annual reports of companies, government-generated reports, and databases. After gathering the data from secondary sources, primary research was conducted by making telephone interviews with the leading players about how the market is functioning and then conducting trade calls with dealers and distributors of the market. Post this; we have started doing primary calls to consumers by equally segmenting them in regional aspects, tier aspects, age group, and gender. Once we have primary data with us, we can start verifying the details obtained from secondary sources. Intended audience: This report can be useful to industry consultants, manufacturers, suppliers, associations and organizations related to the Fishing Equipment industry, government bodies, and other stakeholders to align their market-centric strategies. In addition to marketing and presentations, it will also increase competitive knowledge about the industry.