Freezing Fishing Vessels Industry Set to Achieve $2.16 Billion Milestone by 2029 | Steady 5.6% CAGR

Get 30% off global market reports with code ONLINE30 and keep ahead of tariffs, macro trends, and worldwide economic developments.

What Is the Long-Term Growth Forecast for the Freezing Fishing Vessels Market Size 2025?
The market size for freezing fishing vessels has experienced robust growth in the past few years. The projection sees this market rising from $1.65 billion in 2024 to $1.74 billion in 2025, maintaining a compound annual growth rate (CAGR) of 5.4%. This past growth pattern is linked to enhanced public awareness of seafood's health advantages, amplified demand for not just sustainable progress but also food safety and quality, rising demand for frozen seafood, along with expanding consumer interest in value-added marine products.

What CAGR is Forecasted for the Freezing Fishing Vessels Market Through 2029?
Anticipated to observe substantial expansion in the coming years, the freezing fishing vessels market is predicted to reach a value of $2.16 billion in 2029, growing at a compound annual growth rate (CAGR) of 5.6%. The projected growth during this forecast period is likely due to increasing worries over overfishing, maintaining the quality of the catch, prolonging the shelf life of seafood products, adherence to regulations, and improving economic efficiency. Major trends expected during this forecast period encompass technological progress, breakthroughs in freezing techniques, emerging smart technologies, improvements in vessel efficacy and design, and industry innovations.

Explore The Complete Report Now:
https://www.thebusinessresearchcompany.com/report/freezing-fishing-vessels-global-market-report

What Are the Critical Factors Driving Freezing Fishing Vessels Market Development?
The soaring interest in seafood is projected to fuel the expansion of the freezing fishing vessels market in the future. Seafood encompasses a wide variety of marine life considered edible by humans, enjoyed globally. The augmented demand for seafood springs from numerous contributing factors such as growth in population and income, a shift towards seafood preference, and development of aquaculture. Freezing fishing vessels play a crucial role in the seafood supply chain, guaranteeing the seafood's freshness and safety, preserving its quality, averting decay, and retaining its flavor and texture. In July 2024, The State of World Fisheries and Aquaculture (SOFIA) report released by the Food and Agriculture Organization (FAO), a U.S.-based leading agency in international efforts to eradicate hunger, stated that the global fisheries and aquaculture production had climbed to 223.2 million tons in 2022, recording a 4.4% jump from 2020. Additionally, the global yield of aquatic animals is projected to grow by 10% by 2032, reaching 205 million tons. Consequently, the growing fondness for seafood is fostering the progression of the freezing fishing vessels market.

Get Free Sample Report Here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=18618&type=smp

How Does the Freezing Fishing Vessels Market Break Down Across Major Segments?
The freezing fishing vessels market covered in this report is segmented -

1) By Type: Commercial Fishing Vessels, Artisanal Fishing Vessels, Recreational Fishing Vessels
2) By System: Air Blast Freezing, Plate Freezing, Brine, Individual Quick Frozen (IQF)
3) By Freezing Capacity: 50 Tons To 150 Tons, 150 Tons To 300 Tons, Less Than 50 Tons, More Than 300 Tons
4) By Vessel Length: Less Than 20M, 21-30M, 31-40M, More Than 40M

Subsegments:
1) By Commercial Fishing Vessels: Trawlers, Longliners, Purse Seiners, Factory Ships, Freezer Trawlers, Freezer Longliners
2) By Artisanal Fishing Vessels: Small-Scale Freezing Vessels, Traditional Fishing Boats With Freezing Capabilities, Coastal Fishing Vessels, Handline And Gillnet Freezing Boats
3) By Recreational Fishing Vessels: Sport Fishing Boats With Freezing Facilities, Charter Fishing Boats With Freezer Storage, Private Yacht-Style Fishing Vessels With Freezing Options, High-End Luxury Recreational Freezing Vessels

What Are the Major Trends Transforming the Freezing Fishing Vessels Industry?
Leading entities in the freezing fishing vessels market are placing emphasis on the creation of innovative products like the freezer stern factory trawler to bolster their deep-sea fishing prowess, streamline in-ship processing, and cater to the growing demand for top-quality frozen sea food. The freezer stern factory trawler represents a unique kind of fishing vessel that merges freezing and factory processing functionalities, engineered particularly for effective fishing, processing, and preservation of fish on the sea. In January 2023, Tersan Shipyard, a company that specializes in freezing based in Turkey, unveiled the Jan Maria, a freezer stern factory trawler of its own. This vessel is equipped with fully integrated systems on board for processing, grading, filleting and freezing, and houses a shrimp factory, a state-of-the-art fillet factory, and a fishmeal and fish oil plant. Jan Maria boasts dimensions of 88.10 meters in length and 18.30 meters in width, with a gross tonnage of 5,997. Propelled by a 7,000 kW Wärtsilä propulsion mechanism, it can accommodate a crew of up to 43 individuals.

Customize Your Insights And Get The Full Report Here:
https://www.thebusinessresearchcompany.com/customise?id=18618&type=smp

Which Players Are Driving Innovation in the Freezing Fishing Vessels Market?
Major companies operating in the freezing fishing vessels market are Rolls-Royce PLC, Wärtsilä Oyj Abp, Green Yard Kleven AS, Ulstein Group ASA, Kongsberg Gruppen ASA, The Damen Group, Lerøy Havfisk AS, Sanford Limited, Talley's Limited, Heinen & Hopman Engineering BV, Master Boat Builders Inc., Elliott Bay Design Group, Karstensens Skibsvaerft A/S, Teknotherm Inc., Aresa Shipyard Inc., MMC FIRST PROCESS AS, Astilleros Armon S.A., Nordic Wildfish AS, Integrated Marine Systems Inc., Marefsol B.V.

Which Regions Are Driving Global Freezing Fishing Vessels Market Expansion?
North America was the largest region in the freezing fishing vessels market in 2024. Europe is expected to be the fastest-growing region in the forecast period. The regions covered in the freezing fishing vessels market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.

Contact Us
Saumya Sahey
Europe: +44 7882 955267,
Asia: +44 7882 955267 & +91 8897263534,
Americas: +1 310-496-7795
Email: saumyas@tbrc.info

Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.

This release was published on openPR.