Global Individual Quick Freezing (IQF) Market Size To Grow At A CAGR Of 5.60% In The Forecast Period Of 2023-2028

PRESS RELEASE
Published March 10, 2023


 

The ‘Global Individual Quick Freezing (IQF) Market Share, Size, Analysis, Report and Forecast 2023-2028’ by Expert Market Research gives an extensive outlook of the global individual quick freezing (IQF) market, assessing the market on the basis of its segments like equipment type, processing stage, technology, product, and major regions.

The key highlights of the report include:

Market Overview (2018-2028)

• Forecast CAGR (2023-2028): 5.60%

Individual quick freezing (IQF) offers various advantages such as no adverse effects on the quality of food, enhanced colour and texture, and preservation of taste, nutritional content, and freshness. In addition, this process reduces the cost of labour and food product manufacturing which enhances the business profitability, leading to a transition from traditional freezing methods to IQF. The increasing demand for individual quick freezing for preserving sea foods such as sliced fish and shrimp is propelling the individual quick freezing (IQF) market numbers. Meanwhile, it is also a popular freezing method for maintaining quality of numerous fruits such as blueberries and strawberries.

The rising demand for spiral freezers to preserve popular food items such as pizza, cake, burger, and various baked goods, is further fuelling the market growth. Over the forecast period, the anticipated increase in demand for individual quick freezing for fruits, vegetables, seafood, meat, and poultry, among others, is expected to provide impetus to the global individual quick freezing (IQF) market. Furthermore, the increasing demand for high-quality food products, owing to the increasing living standards, is likely to heighten the incorporation of individual quick freezing methods in the food processing sector.

Individual Quick Freezing (IQF) Industry Definition and Major Segments

Individual quick freezing (IQF) is defined a process which freezes the individual food components while eradicating the formation of giant crystals. Food products remain separated in this process which makes it different from the conventional freezing processes, bringing greater convenience to the consumers. IQF freezing temperatures are generally between 25 and 31 F.

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Based on equipment type, the market is segmented into:

• Spiral Freezer
• Tunnel Freezer
• Box Freezer
• Others

On the basis of processing stage, the market is divided into:

• Pre-processing
• Freezing
• Packaging

By technology, the market is bifurcated into:

• Mechanical IQF
• Cryogenic IQF

Based on product, the market is categorised into:

• Fruits and Vegetables
• Seafood
• Meat and Poultry
• Dairy Products
• Convenience Food

On the basis of region, the market is divided into:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

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Individual Quick Freezing (IQF) Market Trends

The key trends in the global individual quick freezing (IQF) market include the robust strengthening of the food and beverage sector across the developing nations owing to the growing population and increasing disposable income. Rising demand for premium packaged ready-to-eat food products are further boosting the market for individual quick freezing (IQF).

The thriving e-commerce sector with the expansion of quick and convenient food delivery platforms are propelling the demand for individually frozen fruits and vegetables such as cherries, redcurrants, bananas, apricots, corns, and peas, among others. Increasing demand for long shelf-life food products are leading to technological advancements in the food processing sector, which are in turn boosting the application of compact and quick freezing instruments with streamlined designs. Hence, these advancements are expected to improve the sale of spiral and tunnel freezers in the coming years.

In geographical terms, North America accounts for a decent share in the individual quick freezing (IQF) market. Strong foothold of IQF manufacturers in countries with advanced food processing infrastructure, such as the United States, is a key driving factor of the market. Moreover, high demand for ready-to-eat and ready-to-cook food products in the region is further providing impetus to the market.

Key Market Players

The major players in the individual quick freezing (IQF) market report are Air Liquide S.A., The Messer Group GmbH, Linde plc, Starfrost, and OctoFrost Inc., among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.

The report studies the latest updates in the market, along with their impact across the market. It also analysis the market demand, together with its price and demand indicators. The report also tracks the market on the bases of SWOT and Porter’s Five Forces Models.

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