Global Individual Quick Frozen Cheese Market - 2022-2029

Global Individual Quick Frozen Cheese Market - 2022-2029

Market Overview

Individual quick frozen cheese market is growing at a CAGR of 5.8% during the forecast period (2022-2029). IQF cheese is a variety of extruded cheeses that offers consumers several advantages. These forms are Instant Quick Frozen (""IQF""), which offers the opportunity to transport any product to any country worldwide. Due to its 18-month shelf life as opposed to the 3–4 months, it would have under normal chilled settings. IQF technology allows cheese to be sliced precisely and frozen individually, instantly.

The rising popularity of fast foods like pizza, pasta, and hamburgers has increased the demand for different types of cheese like mozzarella, parmesan, and cheddar. Both fast food restaurants and gourmet dining facilities frequently use cheese. Additionally, the expanding usage of cheese in the food business might be linked to expanding the individual quick frozen (IQF) cheese market in the B2B end-use application.

Market Dynamics:

The demand for pizza, which grows along with the expense of mozzarella cheese, drives market expansion

The pizza industry continues to develop, and customers are likelier to order a pizza than other foods when they eat fast food. The demand for pizzas has increased, contributing to the expansion of mozzarella cheese. Additionally, mozzarella provides numerous health benefits, such as it has lower sodium other than cheese. It has nearly 50 percent less sodium, with 175 milligrams per serving.

Compared to many other types of cheese, mozzarella has higher moisture content and lower fat variety. It also has lower amounts of saturated fat for the same serving size. Eating too much-saturated fat might increase the risk of heart disease. Mozzarella cheese is a source of probiotics, including Lactobacillus casei and Lactobacillus fermentum. Probiotics are important for gut health and can help support the immune system. The total U.S. pizza industry sales from October 2019 through September 2020 were $46 billion, according to PMQ Pizza Magazine's Pizza Power Report 2021. Major producers have been introducing cheese-based fast-food options to capture most of the market, given the increased cheese consumption among customers.

However, huge environmental problems related to gas emissions are the main hindrance to the individual fast chilling market. Within the mentioned predicted period, there is a potential that individual quick freezing may increase along with rising family disposable incomes and growing consumer power. The difficulty for the individual fast freezing market is intense competition.

Market Segmentation:

Mozzarella segment for the highest share in global individual quick frozen cheese market

In 2021, the mozzarella segment had the highest revenue share of more than XX percent. Individually Quick Frozen (IQF) Mozzarella Premium is a high-performing natural mozzarella in a convenient shred format that delivers consistent performance. It is individually frozen to lock in optimal functionality and deliver fresh quality and authentic flavor. IQF mozzarella cheese has a great performance and is ideal for reheating at home, driving its consumption faster. Additionally, mozzarella has several health advantages, including having less salt than other types of cheese. The moisture content of mozzarella is higher, and the fat content is lower than that of other varieties of cheese. In addition, it contains less saturated fat per serving than other foods. These factors are driving consumption.

In 2021, the cow cheese segment had the highest revenue share of more than XX percent. The rising popularity of cheese manufactured from cow's milk drives this sector. Major producers have increased their output by acquiring more milking cows and constructing larger barns. Cheese made from cow's milk is significantly more widely available. Frozen pizzas, chilled pizzas, and fresh pizzas are frequently manufactured and sold at food service facilities around the world using cow's milk IQF cheese. Additionally, as pizza companies continue to open new locations worldwide, there is an increasing demand for cheese and a need for high-performance cheeses.

Geographical Penetration:

Europe is the dominating region during the forecast period

In 2021, Europe had the highest revenue share of almost percent. It is simple to use and spread on various foods; IQF cheese is well-liked in nations like Germany, France, Italy, and the United Kingdom. For instance, Glanbia Cheese is Europe's top producer of mozzarella. They provide businesses in more than 30 countries worldwide with specialized cheese-making solutions. They begin by slicing or shredding their fresh, premium cheese. Each item is then quickly frozen, preserving its purity and freshness.

Additionally, they have the opportunity to personalize the taste of their cheese owing to its unique natural flavor technique. Moreover, the region's ready meals and ready-to-go items will benefit from growing knowledge of the advantages of IQF over conventional freezing techniques. The health advantages of goat cheese, such as a lower risk of allergies, simple digestion, and a lower risk of infantile constipation, have also contributed to a sharp rise in demand over the last ten years.

Competitive Landscape:

The markets are characterized by large multinational firms because of their extensive global reach. Businesses have adopted various growth methods to achieve a competitive edge, including capacity expansions and mergers and acquisitions. The businesses have been advancing their internet presence, expanding their product lines, and introducing new products. The major companies in the market for individual quick-frozen cheese are Whitehall Specialties Inc., Europomella SpA, Consorzio Dal Molise, Freddy Baines n.v., Ornua Ingredients, Leprino Foods Company, Fonterra Co-operative Group Limited, Congelats Olot, SL, Granarolo S.p.A., and CASA Radicci among others.

For example, In October 2021, Irish dairy cooperative, Ornua, has completed the acquisition of U.S. cheese ingredients business Whitehall Specialties Inc. (WSI) for an undisclosed sum from Mason Wells, a private equity firm based in Milwaukee, Wisconsin. This acquisition significantly increases OINA’s current position in the U.S. cheese ingredients market. It is expanding its production footprint to six well-invested facilities across Wisconsin, Minnesota and Pennsylvania. In December 2020, Ornua Ingredients Europe launched a new range of pizza cheeses through their Spinneyfields brand. The Spinneyfields Consistent Shred Pizza Cheese has been developed for the pizza delivery market, worth £2.1 billion in the UK. It will deliver consistent quality, less waste and perfect coverage, melt and stretch.

COVID-19 Impact:

Negative impact on the global individual quick frozen cheese market

The Covid-19 pandemic has negatively impacted the individual quick frozen (IQF) cheese market with the industries. Due to the lockdown and societal constraints of distance, major corporations have suspended operations in several areas. Due to the fast urbanization and growing need for efficient use of space already existent, the sector anticipates a lot of needs and demands following the pandemic.

Additionally, closures of restaurants, food deliveries, and quick-service restaurants worldwide, quarantine and lockout measures caused a minor reduction. Global restaurant sales dropped by 50% from pre-pandemic levels. For instance, Domino's Pizza, Inc. reported a decline in orders in August 2020 due to prohibiting customers from picking up pizzas during the early stages of the COVID-19 epidemic.

The global individual quick frozen cheese market report would provide an access to approximately 69 market data tables, 62 figures and 170 pages