Individual Quick Freezing Market by Equipment (Box Freezer, Spiral Freezer, Tunnel Freezer), Process Stage (Freezing, Packaging, Pre-Processing), Technology, End-Use - Global Forecast 2024-2030

Individual Quick Freezing Market by Equipment (Box Freezer, Spiral Freezer, Tunnel Freezer), Process Stage (Freezing, Packaging, Pre-Processing), Technology, End-Use - Global Forecast 2024-2030

The Individual Quick Freezing Market size was estimated at USD 21.74 billion in 2023 and expected to reach USD 23.03 billion in 2024, at a CAGR 6.09% to reach USD 32.90 billion by 2030.

The individual quick freezing (IQF) is a freezing technology that rapidly freezes individual food items to preserve their quality, taste, texture, and nutritional value. A growing population requires efficient food preservation techniques such as IQF to limit wastage while ensuring food security. The utilization of IQF technology is increasing to maintain quality and extend shelf life without compromising on nutritional content. However, high capital investments associated with installing, maintaining, and upgrading freezing equipment in production facilities may impact the use of IQF in end-use sectors. Moreover, technological advancements in IQF technology can improve production efficiency and are expected to encourage its deployment in the end-use sectors globally.

Regional Insights

The IQF market is evolving in the Americas due to growing consumer preference for convenience foods and the rapid expansion of restaurants and cafes. Well-established cold-chain infrastructure, which supports the growth of the frozen food industry, is also driving the growth of the IQF market in the Americas. European countries are witnessing a rising trend in frozen food consumption due to busy lifestyles followed by urban populations that prefer convenience without sacrificing the taste or nutritional value of food products. In the Middle East and Africa regions, there is an increasing demand for frozen products due to rapid urbanization and expanding retail networks. Growing consumer awareness regarding the quality and safety of frozen products is driving demand for IQF in the APAC region. Besides, introducing innovative IQF technology to improve the quality of food products and reduce energy consumption is anticipated to propel its use across the global end-use sectors.

Market Insights

Market Dynamics

The market dynamics represent an ever-changing landscape of the Individual Quick Freezing Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.

Market Drivers

Rising demand and consumption of convenience food products
Growing need for improved food preservation technologies for product shelflife
Increasing awareness regarding the benefits of IQF technology

Market Restraints

High processing cost associated with IQF technology

Market Opportunities

Technological advancements in IQF technology
Significant investments to expand the use of IQF technology

Market Challenges

Limitations pertaining to the use of IQF technology

Market Segmentation Analysis

Equipment: Significant penetration of tunnel freezers for food applications
End-Use: Proliferating demand for IQF in food & beverage sector

Market Disruption Analysis

Porter’s Five Forces Analysis
Value Chain & Critical Path Analysis
Pricing Analysis
Technology Analysis
Patent Analysis
Trade Analysis
Regulatory Framework Analysis

FPNV Positioning Matrix

The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Individual Quick Freezing Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the Individual Quick Freezing Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Recent Developments

Mantinga Partners with Starfrost to Expand Production Capacity with High-Performance Spiral Freezer System

Mantinga has partnered with Starfrost to enhance its production capacity by implementing a high-performance spiral freezer system. This cutting-edge system enables individual quick freezing, ensuring superior product quality and extended shelf life. Additionally, this advanced technology enhances product consistency and optimizes downstream processes. With the integration of the new system, Mantinga is well-equipped to meet the rising demands of its customers while maintaining the highest standards of quality and efficiency.

Keistone Partners Buys Hansung Green Factory for USD 30.7 million

Keistone Partners has acquired control of Hansung Green Factory Co., the country’s leading individual quick freezing (IQF) food provider, for USD 30.7 million. Following the acquisition, Keistone Partners plans to launch its value creation program (VCP) to consolidate the company as the number one player in the local IQF refrigeration market.

GEA Opens North American Technology Center For Food Processing and Packaging

GEA North America Technology Center for Food Processing has expanded its state-of-the-art food processing and packaging Technology Center in Frisco, Texas. This facility expansion aimed to expand and upgrade its offering to include recent food processing and packaging innovations.

Strategy Analysis & Recommendation

The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Individual Quick Freezing Market. This critical assessment involves a thorough analysis of the organization’s resources, capabilities, and overall performance to identify its core strengths and areas for improvement.

Key Company Profiles

The report delves into recent significant developments in the Individual Quick Freezing Market, highlighting leading vendors and their innovative profiles. These include Air Liquide S.A., Air Products and Chemicals, Inc. by Evonik Industries, B.Y. Agro & Infra Ltd., CARSOE A/S, CRYO systems by Chart Industries, Cryogenic Systems Equipment Inc. by Matheson Tri-Gas, Inc., DSI Dantech A/S, Empire Freezing & Drying, LLC, GEA Group, Hems Infratech Pvt. Ltd., Industrial Refrigeration Pvt. Ltd., JBT Corporation, Linde PLC, Mayekawa Mfg. Co., Ltd., Metro Refrigeration Industries, Natural Storage Solutions Pvt. Ltd., OctoFrost Group, Orangefreezing Solutions B.V., PANASONIC CORPORATION, Paradise Fruits Frozen, PATKOL Public Company Limited, RODA INTERNACIONAL CANARIAS, S.L, Starfrost (UK) Ltd., and The Messer Group GmbH.

Market Segmentation & Coverage

This research report categorizes the Individual Quick Freezing Market to forecast the revenues and analyze trends in each of the following sub-markets:

Equipment
Box Freezer
Spiral Freezer
Tunnel Freezer
Process Stage
Freezing
Packaging
Pre-Processing
Technology
Cryogenic IQF
Mechanical IQF
End-Use
Food & Beverage
Convenience Food
Dairy Products
Fruits & Vegetables
Meat & Poultry
Seafood
Pharmaceuticals
Region
Americas
Argentina
Brazil
Canada
Mexico
United States
California
Florida
Illinois
New York
Ohio
Pennsylvania
Texas
Asia-Pacific
Australia
China
India
Indonesia
Japan
Malaysia
Philippines
Singapore
South Korea
Taiwan
Thailand
Vietnam
Europe, Middle East & Africa
Denmark
Egypt
Finland
France
Germany
Israel
Italy
Netherlands
Nigeria
Norway
Poland
Qatar
Russia
Saudi Arabia
South Africa
Spain
Sweden
Switzerland
Turkey
United Arab Emirates
United Kingdom

Please Note: PDF & Excel + Online Access - 1 Year