Transport

Freezing Fishing Vessels Industry Poised for Rapid Growth, Forecast to Touch $2.16 Billion by 2029 at 5.6% CAGR

December 8, 2025 by The Business Research Company

Uncover key drivers, emerging technologies, and competitive movements shaping the freezing fishing vessels market from 2025–2034 with trusted insights from The Business Research Company

What upper market value could the Freezing Fishing Vessels Market reach by 2029 starting from 2025 levels?

The freezing fishing vessels market has experienced robust growth in recent years. It is projected to expand from $1.65 billion in 2024 to $1.74 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 5.4%. This historical expansion can be attributed to factors such as increased awareness of the health benefits associated with seafood, a rising demand for sustainable development, an intensified focus on food safety and quality, a growing demand for frozen seafood, and an escalating consumer preference for value-added sea products.

The market size for freezing fishing vessels is predicted to experience substantial growth in the upcoming years. It is forecast to expand to $2.16 billion by 2029, achieving a compound annual growth rate (CAGR) of 5.6%. This expected growth throughout the forecast period stems from escalating concerns about overfishing, the necessity to preserve catch quality, efforts to prolong the shelf life of seafood products, adherence to regulatory standards, and improvements in economic efficiency. Prominent trends for the forecast duration encompass technological advancements, breakthroughs in freezing methodologies, the adoption of smart technologies, enhancements in vessel efficiency and design, and various industrial innovations.

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Which Drivers Are Influencing Long-Term Growth In The Freezing Fishing Vessels Market?

The increasing appeal of seafood is anticipated to stimulate the expansion of the freezing fishing vessels market going forward. Seafood refers to any marine life considered edible by humans, encompassing a wide array of marine organisms consumed globally. This growing popularity is driven by several factors, including population and income growth, a shift in dietary preferences towards seafood, and the expansion of aquaculture. Freezing fishing vessels are critical assets in the seafood supply chain, ensuring seafood remains fresh and safe by preserving its quality, preventing spoilage, and maintaining its taste and texture. For instance, the Food and Agriculture Organization (FAO) reported in July 2024, through The State of World Fisheries and Aquaculture (SOFIA) report, that global fisheries and aquaculture production reached 223.2 million tons in 2022, representing a 4.4% increase from the year 2020. Additionally, global aquatic animal production is expected to increase by 10% by 2032 to reach 205 million tons. Hence, the rising popularity of seafood is a key driver for the growth of the freezing fishing vessels market.

How Is The Freezing Fishing Vessels Market Divided Into Segments?

The freezing fishing vesselsmarket 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 Long-Term Trends Are Expected To Shape The Future Of The Freezing Fishing Vessels Market?

Key players within the freezing fishing vessels market are concentrating on creating novel products, specifically the freezer stern factory trawler, to boost their deep-sea fishing proficiencies, streamline onboard processing, and satisfy the growing need for premium frozen seafood items. This particular fishing vessel type, the freezer stern factory trawler, integrates both freezing and factory processing functionalities, engineered for effective catching, processing, and preservation of fish directly at sea. As an illustration, in January 2023, Tersan Shipyard, a freezing firm based in Turkey, introduced the Jan Maria, which is a freezer stern factory trawler. The Jan Maria comes equipped with comprehensively integrated onboard systems for grading, filleting, processing, and freezing. Its facilities include a shrimp factory, a sophisticated fillet factory, and a dedicated plant for fishmeal and fish oil. The vessel has dimensions of 88.10 meters in length and 18.30 meters in width, with a gross tonnage of 5,997. It operates with a 7,000 kW Wärtsilä propulsion system and is capable of accommodating a crew of up to 43 people.

Which Key Players Are Driving Competition 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.

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Which Region Is Projected To Lead The Freezing Fishing Vessels Market During The Forecast Period?

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.

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