The freezing fishing vessels global market report 2024from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Freezing Fishing Vessels Market, 2024The freezing fishing vessels global market report 2024
Market Size –
The freezing fishing vessels market size has grown strongly in recent years. It will grow from $1.56 billion in 2023 to $1.65 billion in 2024 at a compound annual growth rate (CAGR) of 5.9%. The growth in the historic period can be attributed to growth in awareness of the health benefits associated with seafood, increasing demand for sustainable development, increasing focus on food safety and quality, growing demand for frozen seafood, and increasing consumer demand for value-added sea products.
The freezing fishing vessels market size is expected to see strong growth in the next few years. It will grow to $2.10 billion in 2028 at a compound annual growth rate (CAGR) of 6.2%. The growth in the forecast period can be attributed to rising concerns about overfishing, preservation of catch quality, extending the shelf life of seafood products, regulatory compliance, and increases economic efficiency. Major trends in the forecast period include technological advancements, innovations in freezing methods, smart technologies, advancements in vessel efficiency and design, and industrial innovations.
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Scope Of Freezing Fishing Vessels Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Freezing Fishing Vessels Market Overview
Market Drivers –
The increasing popularity of seafood is expected to drive the freezing fishing vessels market. Seafood consumption is on the rise due to population growth, income increases, and a shift towards healthier eating habits, along with the expansion of aquaculture. Freezing fishing vessels are essential in maintaining the freshness of seafood. The FAO’s report highlighted that global fisheries and aquaculture production reached 223.2 million tonnes in 2022, a 4.4% increase from 2020, with aquatic animal production projected to rise by 10% by 2032. The seafood industry continues to grow, with impacts evident in 2023, 2024, and projected into 2028.
Market Trends –
Major companies operating in the freezing fishing vessels market are focused on developing nnovtaive products such as, freezer stern factory trawler, to enhance their capabilities in deep-sea fishing, improve efficiency in onboard processing, and meet increasing demands for high-quality, frozen seafood products. A freezer stern factory trawler is a specific type of fishing vessel that combines both freezing and factory processing capabilities and is designed for efficiency in catching, processing, and preserving fish at sea. For instance, in January 2023, Tersan Shipyard, a Turkey-based freezing company, launched Jan Maria, a freezer stern factory trawler. Jan Maria is outfitted with fully integrated onboard systems for grading, filleting, processing, and freezing. It features a shrimp factory, an advanced fillet factory, and a fishmeal and fish oil plant. The vessel measures 88.10 meters in length, 18.30 meters in width, and has a gross tonnage 5,997. It is powered by a 7,000 kW Wärtsilä propulsion system and can house a crew of up to 43 individuals.
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 Frezeeing, 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
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Regional Insights –
North America was the largest region in the freezing fishing vessels market in 2023. 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.
Key Companies –
Major companies in the 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.
Table of Contents
1. Executive Summary
2. Freezing Fishing Vessels Market Characteristics
3. Freezing Fishing Vessels Market Trends And Strategies
4. Freezing Fishing Vessels Market – Macro Economic Scenario
5. Global Freezing Fishing Vessels Market Size and Growth
…
32. Global Freezing Fishing Vessels Market Competitive Benchmarking
33. Global Freezing Fishing Vessels Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Freezing Fishing Vessels Market
35. Freezing Fishing Vessels Market Future Outlook and Potential Analysis
36. Appendix
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