The number of self-employed persons in the fishing and aquaculture industry in Canada is forecasted to remain stable at 3,000 units from 2024 to 2026. However, a notable decline of 33.3% is expected starting in 2027, dropping to 2,000 units by 2028. In 2023, the industry counted approximately 3,000 self-employed individuals. This trend indicates a stable to declining industry over the next five years, with a Compound Annual Growth Rate (CAGR) reflecting a potential downturn moving forward.

Future trends to watch for include:

Impact of policy changes on environmental conservation affecting fishing practices.
Technological advancements potentially reducing the need for self-employed labor.
Fluctuations in global demand and prices for fish and seafood impacting industry viability.