Global Individual Quick Freezing Market to reach USD 27.8 billion by 2027.Global Individual Quick Freezing Market is valued approximately at USD 18.6 billion in 2020 and is anticipated to grow with a healthy growth rate of more than 5.9% over the forecast period 2021-2027. Individual Quick Freezing (IQF) is a food processing technology which refers to the rapid freezing of individual pieces of food rather than bulk or block freezing. The perforated bedplate, which replaces the belts traditionally used in individual quick freezers (IQFs), is a new invention in terms of beds used for IQFs. Product transportation is based on a proprietary technique that uses static friction between the product to be frozen and the bedplate to move an asymmetric bedplate in the direction of transportation. The market growth is driven by rise convenience food products sales and growth in consumer demand for perishable foods. For instance, as per Statista, From 2008 to 2020, the annual revenue of Germany's convenience food manufacturing sector. The German convenience food manufacturing sector produced revenues to about USD 4.83 billion in 2020, up from USD 4.61 billion the previous year. However, environmental concerns regarding greenhouse gas emissions may impede market growth over the forecast period of 2021-2027.
During the forecast period, the North American region is anticipated to witness the fastest growth in the individual rapid freezing market. This is primarily owing to the presence of a significant number of IQF equipment manufacturers in the region, as well as a rise in consumer demand for frozen food products.
Major market player included in this report are:
Rosemary and Thyme Limited
SunOpta Inc.
Dole Packaged Foods LLC
Capricorn Food Products India Ltd.
Venus Processing and Packaging Limited
Shimla Hills Offerings Pvt. Ltd.
Cal Pacific Specialty Foods
Milne Fruit Pty Ltd.
Brecon Foods
Frutex Australia
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Product:
Fruits & vegetables
Seafood
Meat & poultry
Dairy products
Convenience food
By Technology:
Mechanical IQF
Cryogenic IQF
By Processing stages:
Pre-processing
Freezing
Packaging
By Equipment type:
Spiral freezer
Tunnel freezer
Box freezer
Others
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year - 2018, 2019
Base year - 2020
Forecast period - 2021 to 2027.
Target Audience of the Global Individual Quick Freezing Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors