NAICS 114119 Quarterly Industry Report
Other Marine Fishing
Comprehensive industry research for valuation professionals, business owners, buyers, and lenders
NAICS Code: 114119Sector: Agriculture, Forestry, Fishing and Hunting (11)Updated: Q1 2026
About This Report
This Fair Market Value industry report for NAICS 114119 provides valuation-focused intelligence for professionals assessing specialty marine fishing and harvesting businesses. Data is sourced from NOAA Fisheries[5] commercial landings data, U.S. Additional data is drawn from [Bureau of Labor Statistics[6].. Census Bureau](https://www.census.gov/) fishing industry statistics, and SBA size standards[7] to support business appraisals, acquisition due diligence, lending decisions, and investment analysis for specialty marine harvesting enterprises.
Industry Definition & Overview
Other Marine Fishing (NAICS 114119) encompasses establishments primarily engaged in the commercial catching or taking of marine animals not classified as finfish or shellfish, including sea cucumbers, sea urchins for roe, kelp and seaweed, jellyfish, horseshoe crabs, marine worms, sponges, and other miscellaneous marine organisms. This classification captures niche harvesting operations serving specialty food markets, bait supply chains, pharmaceutical ingredient sourcing, and biomedical research applications. The U.S. Census Bureau[4] separates these operations from finfish fishing (NAICS 114111) and shellfish fishing (NAICS 114112) due to their distinct species targets, harvesting methods, and end-market channels.
These marine harvesting operations typically serve specialized markets with premium pricing and limited domestic production volume. Sea cucumber and sea urchin harvesting supports export markets, particularly to Asian countries where these products command high prices in food and traditional medicine channels. Kelp and seaweed harvesting serves food manufacturing, agricultural fertilizer, and cosmetic ingredient markets. The NOAA Fisheries[5] and state marine resources agencies track landings data and manage harvest quotas for these species through state-administered fishery management programs.
Business valuations for other marine fishing enterprises focus on species-specific harvesting permits, diving and collection equipment, established buyer relationships in specialty export and domestic niche markets, and sustainable harvest yields. Appraisers must evaluate the limited transferability of many state-issued specialty harvest permits, seasonal revenue concentration typical of species-specific fisheries, and the small number of active participants that characterizes most niche marine harvesting sectors. Market data from NOAA Fisheries[5] landings reports and state fishery management agencies supports comparable transaction analysis for these specialized operations.
What's Included in This Industry
- Sector-specific valuation multiples and financial benchmarks for specialty marine harvesting operations
- Revenue and profitability analysis across sea cucumber, sea urchin, kelp, seaweed, and miscellaneous marine species segments
- SBA size standard classification and lending threshold data for NAICS 114119
- Comparable transaction data from recent specialty marine fishing business sales, permit transfers, and harvest right assignments
- Market analysis covering specialty seafood export channels, bait supply markets, and marine-derived pharmaceutical ingredient demand
- Workforce and labor cost benchmarking for commercial divers, vessel operators, shore processing crews, and export logistics staff
- Industry risk assessment including permit availability, species population variability, export market dependency, and regulatory changes
- Regulatory compliance overview covering state harvest permits, marine protected area restrictions, and species-specific management plans
- Capital expenditure profiles for diving equipment, collection vessels, shore-side holding tanks, and cold chain logistics infrastructure
- Production metrics including harvest yields per dive day, seasonal landings volumes, export pricing trends, and permit use rates
NAICS Classification Hierarchy
| Level | Description | Code |
|---|---|---|
| Sector | Agriculture, Forestry, Fishing and Hunting | 11 |
| Subsector | Fishing, Hunting and Trapping | 114 |
| Industry Group | Fishing | 1141 |
| NAICS Industry | Fishing | 11411 |
| National Industry | Other Marine Fishing | 114119 |
Related NAICS Codes
| Code | Description | Relationship |
|---|---|---|
| 114111 | Finfish Fishing | Finfish fishing operations that share vessel infrastructure, port facilities, and regulatory oversight with specialty marine harvesting businesses in coastal regions |
| 114112 | Shellfish Fishing | Shellfish fishing enterprises that overlap with other marine fishing in diving-based harvest methods, inshore collection areas, and dockside buyer networks |
| 311710 | Seafood Product Preparation and Packaging | Seafood product preparation and packaging establishments that process specialty marine products including sea urchin roe, kelp, and seaweed for food distribution |
| 424460 | Fish and Seafood Merchant Wholesalers | Fish and seafood merchant wholesalers handling specialty marine products for distribution to export brokers, Asian food markets, and specialty restaurants |
| 112519 | Other Aquaculture | Other aquaculture operations cultivating marine species such as seaweed and sea cucumbers that compete with wild-harvest operations in specialty food markets |
| 424490 | Other Grocery and Related Products Merchant Wholesalers | Other grocery and related product merchant wholesalers distributing processed seaweed, kelp products, and specialty marine-derived food ingredients to retail buyers |
Geographic Concentration
Top states by share of national establishments.
| # | State | % Est. | Total Est. |
|---|---|---|---|
| 1 | Florida | 65.0% | 65 |
| 2 | California | 8.0% | 8 |
| 3 | South Carolina | 6.0% | 6 |
| 4 | Maryland | 5.0% | 5 |
| 5 | Louisiana | 4.0% | 4 |
| 6 | Idaho | 3.0% | 3 |
| 7 | Maine | 3.0% | 3 |
| 8 | New Jersey | 3.0% | 3 |
| 9 | Alaska | 3.0% | 3 |
% Of Establishments
0%
65%
Source: County Business Patterns, U.S. Census Bureau[2]
SBA Lending Summary
72
Total SBA Loans
$7.6M
Total Loan Volume
$106K
Average Loan Size
10 yrs
Average Loan Term
11.61%
Average Interest Rate
192
Jobs Supported
Source: SBA 7(a) Program Data, U.S. Small Business Administration — FY 2025[3]
Key Insight: The SBA[8] classifies Other Marine Fishing (NAICS 114119) with a size standard of $25.0 million in average annual receipts. Most specialty marine harvesting operations are small-scale enterprises well within this threshold, qualifying for SBA-backed lending[9] and government contracting preferences available to small fishing businesses. Eligible businesses can access SBA 7(a) loans[10] for working capital, equipment, and acquisition financing, while 504 loans[11] support major fixed-asset purchases including real estate and heavy machinery.
Top SBA Lenders
| # | Lender | Loans | Volume | Avg Loan |
|---|---|---|---|---|
| 1 | KeyBank National Association | 16 | $2.9M | $181K |
| 2 | First Bank of the Lake | 8 | $1.2M | $150K |
| 2 | The Cape Cod Five Cents Savings Bank | 8 | $1.2M | $150K |
| 4 | Northeast Bank | 16 | $1.1M | $70K |
| 5 | The Huntington National Bank | 8 | $1.0M | $128K |
Frequently Asked Questions
Common questions about this industry.
What is the NAICS code for other marine fishing?
Other Marine Fishing is classified under NAICS code 114119, covering establishments commercially harvesting marine species not classified as finfish or shellfish per the U.S. Census Bureau[4] industry classification system.
What is the SBA size standard for other marine fishing?
The SBA[8] sets the size standard for NAICS 114119 at $25.0 million in average annual receipts, qualifying eligible specialty marine harvesting operations for small business lending programs.
What species are included in other marine fishing?
This classification covers sea cucumbers, sea urchin roe harvesting, kelp and seaweed collection, horseshoe crabs, marine worms, sponges, and other marine organisms per the U.S. Census Bureau[4] NAICS definitions for non-finfish and non-shellfish marine harvesting.
What markets do specialty marine harvesters serve?
Primary markets include Asian food export channels for sea cucumber and sea urchin roe, agricultural fertilizer suppliers for kelp and seaweed, pharmaceutical ingredient buyers, bait distributors, and specialty food retailers per NOAA Fisheries[5] market data.
How are specialty marine fishing businesses valued?
Valuations focus on species-specific harvest permits, diving and collection equipment, established export buyer relationships, sustainable yield history, and seasonal revenue patterns derived from NOAA Fisheries[5] landings data and permit transfer records.
What permits are needed for specialty marine harvesting?
Most specialty marine species require state-issued harvest permits administered by state marine resources agencies, with some species also requiring federal permits from NOAA Fisheries[5] for harvest in federal waters beyond state jurisdiction.
What risks affect specialty marine fishing operations?
Major risks include species population fluctuations, permit availability restrictions, export market dependency on foreign demand, marine protected area expansions limiting harvest zones, and seasonal revenue concentration during limited harvest windows.
How large is the specialty marine harvesting industry?
The specialty marine fishing sector has limited domestic participants, with niche species fisheries typically involving fewer than 100 active permit holders per species per state, creating concentrated market structures tracked by state fishery management agencies.
Sources & References
Government datasets and editorial sources used in this report.
- [1]U.S. Bureau of Labor Statistics, Quarterly Census of Employment and Wages bls.gov
- [2]U.S. Census Bureau, County Business Patterns census.gov
- [3]U.S. Small Business Administration, SBA 7(a) Loan Program Data data.sba.gov
- [4]U.S. Census Bureau census.gov
- [5]NOAA Fisheries fisheries.noaa.gov
- [6]U.S. Additional data is drawn from [Bureau of Labor Statistics bls.gov
- [7]SBA size standards sba.gov
- [8]SBA sba.gov
- [9]SBA-backed lending sba.gov
- [10]SBA 7(a) loans sba.gov
- [11]504 loans sba.gov
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