Global Individual Quick-Freezing Market - 2023-2030
Market Overview
The Global Individual Quick-freezing Market size reached US$ 20,156.3 million in 2022 and is projected to witness lucrative growth by reaching up to US$ 31,168.9 million by 2030. The market is growing at a CAGR of 5.6% during the forecast period 2023-2030.
The individual quick freezing process allows for better preservation of the food's quality, flavor, and texture and also allows for easier and more efficient storage and transportation. The individual quick freezing market is driven by increasing demand for convenience foods, changing consumer lifestyles and the growth of the frozen food industry.
The market is also experiencing technological advancements, such as the use of advanced sensors and automation, which are helping to improve the efficiency and accuracy of the IQF process. Overall, the individual quick freezing industry offers numerous benefits to the food industry, including improved food quality, increased shelf life and reduced waste.
Market Dynamics
Rising Demand for Ready-to-eat Meals Worldwide is Driving the Growth of the Individual Quick-freezing Market
Ready-to-eat meals are becoming increasingly popular due to their convenience, longer shelf life, and the growing trend of time-poor consumers who are looking for quick and easy meal solutions. For instance, as per Statista, in the UK the sales of prepared dishes and meals climbed to over 3.76 billion British pounds in 2021.
IQF technology allows food manufacturers to freeze ready-to-eat meals quickly and individually, ensuring that each piece of food is frozen separately. Hence, the growing demand for ready-to-eat meals is driving the growth of IQF market growth.
The Growing Demand for Storage of Perishable Food is a Key Driver of Growth in the Individual Quick-freezing (IQF) Market
As consumers seek out fresh and healthy food options, the need for effective methods of food preservation and storage becomes increasingly important. Individual quick freezing is an effective method of preserving the quality and freshness of perishable food products.
By rapidly freezing food items at very low temperatures, IQF technology can extend the shelf life of products. IQF technology can help preserve the nutritional content of perishable foods, making them an attractive option for health-conscious consumers. Hence, the growing demand for storage of perishable food is driving the individual quick freezing market growth.
COVID-19 Impact
The COVID-19 pandemic has resulted in significant changes in consumer behavior and supply chain disruptions, which have affected the IQF market. The pandemic has led to an increase in demand for frozen food products, including IQF products, as consumers have stocked up on non-perishable items.
However, the COVID-19 pandemic has disrupted supply chains around the world, leading to delays and shortages in raw materials and finished products. This has impacted the IQF market, as manufacturers have struggled to source ingredients and meet demand.
Russia-Ukaraine Impact
The conflict has led to disruptions in trade between Russia and Ukraine, as well as between these countries and their trading partners. This has affected the supply of raw materials, equipment, and finished goods, including IQF products.
The conflict has led to increased volatility in commodity prices, including those of agricultural commodities used in the production of IQF products. Price fluctuations can affect the profitability of IQF manufacturers and impact the prices of IQF products for consumers.
Segment Analysis
The global individual quick-freezing market is segmented based on equipment type, processing stage, product, technology, and region.
Increasing Popularity of Fruits and Vegetables Due to Perishability and Convenience
Based on product, the individual quick-freezing market is classified into fruits & vegetables, seafood, meat & poultry, dairy products, convenience foods and others.
In 2022, fruits & vegetables held the highest share in the individual quick-freezing market. The demand for frozen fruits and vegetables has been increasing due to the rise in health awareness and the need for convenient food options.
For instance, according to Statista, The amount of frozen fruit consumed per person increased from 3.4 pounds in 2000 to nearly 6 pounds in 2021. IQF process allows for a wider variety of fruits and vegetables to be frozen, as they can be individually quickly frozen and packaged separately. This allows for a more diverse range of products to be offered in the market.
Geographical Analysis
Increasing Demand for Frozen Fruits in Europe
Europe has a significant share in the individual quick freezing (IQF) market, both in terms of production and consumption. Europe has a strong and diversified agricultural sector that produces a wide variety of fruits, vegetables and other perishable food products that are suitable for IQF processing.
According to CBI, in 2021, imports of frozen fruit and vegetables into Europe amounted to 4.3 million tonnes and €5.3 billion. Hence, Europe's strong agricultural sector, advanced processing technology, established market and export-oriented approach have enabled the development of a robust IQF industry in the region.
Competitive Landscape
The major global players in the market include Air Liquide SA, The Messer Group GmbH, Linde Plc, Starfrost Inc, Octofrost Inc, Air Products and Chemicals, Scanico A/S, Cryogenic System Equipment, Marel, GEA Group AG.
Why Purchase the Report?
• To visualize the global individual quick-freezing market segmentation based on equipment type, processing stage, product and technology, as well as understand key commercial assets and players.
• Identify commercial opportunities by analyzing trends and co-development.
• Excel data sheet with numerous data points of individual quick-freezing market-level with all segments.
• PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
• Product mapping available as Excel consisting of key products of all the major players.
The Global Individual Quick-freezing Market Report Would Provide Approximately 69 Tables, 70 Figures and 200 Pages.
Target Audience 2023
• Manufacturers / Buyers
• Industry Investors/Investment Bankers
• Research Professionals
• Emerging Companies
- 1. Methodology and Scope
- 1.1. Research Methodology
- 1.2. Research Objectives and Scope of the Report
- 2. Definition and Overview
- 3. Executive Summary
- 3.1. Snippet by Equipment Type
- 3.2. Snippet by Processing Stage
- 3.3. Snippet by Product
- 3.4. Snippet by Technology
- 3.5. Snippet by Region
- 4. Dynamics
- 4.1. Impacting Factors
- 4.1.1. Drivers
- 4.1.1.1. Rising demand for ready-to-eat meals
- 4.1.1.2. growing demand for storage of perishable food
- 4.1.2. Restraints
- 4.1.2.1. Environmental Concerns about greenhouse gas emissions
- 4.1.3. Opportunity
- 4.1.3.1. Expansion of the food service industry
- 4.1.4. Impact Analysis
- 5. Industry Analysis
- 5.1. Porter's Five Force Analysis
- 5.2. Supply Chain Analysis
- 5.3. Pricing Analysis
- 5.4. Regulatory Analysis
- 6. COVID-19 Analysis
- 6.1. Analysis of COVID-19
- 6.1.1. Scenario Before COVID-19
- 6.1.2. Scenario Present COVID-19
- 6.1.3. Post COVID-19 or Future Scenario
- 6.2. Pricing Dynamics Amid COVID-19
- 6.3. Demand-Supply Spectrum
- 6.4. Government Initiatives Related to the Market During the Pandemic
- 6.5. Manufacturers’ Strategic Initiatives
- 6.6. Conclusion
- 7. By Equipment Type
- 7.1. Introduction
- 7.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Equipment Type
- 7.1.2. Market Attractiveness Index, By Equipment Type
- 7.2. Spiral Freezer*
- 7.2.1. Introduction
- 7.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
- 7.3. Tunnel Freezer
- 7.4. Box Freezer
- 7.5. Others
- 8. By Processing Stage
- 8.1. Introduction
- 8.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Processing Stage
- 8.1.2. Market Attractiveness Index, By Processing Stage
- 8.2. Pre-Processing*
- 8.2.1. Introduction
- 8.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
- 8.3. Freezing
- 8.4. Packaging
- 9. By Product
- 9.1. Introduction
- 9.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Product
- 9.1.2. Market Attractiveness Index, By Product
- 9.2. Fruits & Vegetables*
- 9.2.1. Introduction
- 9.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
- 9.3. Seafood
- 9.4. Meat & Poultry
- 9.5. Dairy Products
- 9.6. Convenience Foods
- 9.7. Others
- 10. By Technology
- 10.1. Introduction
- 10.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Technology
- 10.1.2. Market Attractiveness Index, By Technology
- 10.2. Mechanical IQF*
- 10.2.1. Introduction
- 10.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
- 10.3. Cryogenic IQF
- 11. By Region
- 11.1. Introduction
- 11.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Region
- 11.1.2. Market Attractiveness Index, By Region
- 11.2. North America
- 11.2.1. Introduction
- 11.2.2. Key Region-Specific Dynamics
- 11.2.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Equipment Type
- 11.2.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Processing Stage
- 11.2.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Product
- 11.2.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Technology
- 11.2.7. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
- 11.2.7.1. The U.S.
- 11.2.7.2. Canada
- 11.2.7.3. Mexico
- 11.3. Europe
- 11.3.1. Introduction
- 11.3.2. Key Region-Specific Dynamics
- 11.3.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Equipment Type
- 11.3.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Processing Stage
- 11.3.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Product
- 11.3.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Technology
- 11.3.7. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
- 11.3.7.1. Germany
- 11.3.7.2. The UK
- 11.3.7.3. France
- 11.3.7.4. Italy
- 11.3.7.5. Spain
- 11.3.7.6. Rest of Europe
- 11.4. South America
- 11.4.1. Introduction
- 11.4.2. Key Region-Specific Dynamics
- 11.4.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Equipment Type
- 11.4.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Processing Stage
- 11.4.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Product
- 11.4.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Technology
- 11.4.7. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
- 11.4.7.1. Brazil
- 11.4.7.2. Argentina
- 11.4.7.3. Rest of South America
- 11.5. Asia-Pacific
- 11.5.1. Introduction
- 11.5.2. Key Region-Specific Dynamics
- 11.5.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Equipment Type
- 11.5.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Processing Stage
- 11.5.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Product
- 11.5.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Technology
- 11.5.7. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
- 11.5.7.1. China
- 11.5.7.2. India
- 11.5.7.3. Japan
- 11.5.7.4. Australia
- 11.5.7.5. Rest of Asia-Pacific
- 11.6. Middle East and Africa
- 11.6.1. Introduction
- 11.6.2. Key Region-Specific Dynamics
- 11.6.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Equipment Type
- 11.6.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Processing Stage
- 11.6.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Product
- 11.6.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Technology
- 12. Competitive Landscape
- 12.1. Competitive Scenario
- 12.2. Market Positioning/Share Analysis
- 12.3. Mergers and Acquisitions Analysis
- 13. Company Profiles
- 13.1. Air Liquide SA*
- 13.1.1. Company Overview
- 13.1.2. Product Portfolio and Description
- 13.1.3. Financial Overview
- 13.1.4. Key Developments
- 13.2. The Messer Group GmbH
- 13.3. Linde Plc
- 13.4. Starfrost Inc
- 13.5. Octofrost Inc
- 13.6. Air Products and Chemicals
- 13.7. Scanico A/S
- 13.8. Cryogenic System Equipment
- 13.9. Marel
- 13.10. GEA Group AG
- LIST NOT EXHAUSTIVE
- 14. Appendix
- 14.1. About Us and Services
- 14.2. Contact Us
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