Global Individual Quick Freezing (IQF) Market
Report Highlights
Global Individual Quick Freezing (IQF) Market
By Product (Seafood, Meat and Poultry, Fruits and Vegetables, Dairy Products, Convenience Foods), By Processing Stage (Freezing, Packaging, Pre-Processing), By Equipment Type (Box Freezer, Spiral Freezer, Tunnel Freezer, Others), By Technology (Cryogenic IQF, Mechanical IQF), By Region (North America, Asia Pacific, Europe, Rest of World).
Market Overview:
The Global Individual Quick Freezing Market was valued at USD 14.60 billion in 2016 and is projected to reach USD 24.05 billion by 2025, growing at a CAGR of 5.70% from 2017 to 2025.
The Individual Quick Freezing (IQF) Market is expected to grow at a very high rate in the upcoming years. A few factors that drive the market are increase in demand for ready- made food products, availability of non-seasonal food products, expansion of food chains by multi-national companies, and growth in consumer demand for perishable goods. Manufacturers have started using new and advance technologies which help in delivering a better finished product to the end user.
Market Dynamics:
1. Market Drivers
1.1 Higher demand for packed food products
1.2 Major growth in availability of non-seasonal products.
1.3 Expansion of food chains by multinationals.
1.4 High growth in demand for perishable products.
2. Market Restraints
2.1 Excessive amounts of green-house gas emissions.
Market Segmentation:
The Individual Quick Freezing (IQF) Market is segmented on the basis of Product, Processing stages, Equipment type, Technology and Region.
1. By Product:
1.1 Seafood
1.1.1 Fish Fillets
1.1.2 Shrimp
1.1.3 Others
1.2 Meat & Poultry
1.2.1 Diced Meats
1.2.2 Chicken & Chicken Products
1.2.3 Others
1.3 Dairy Products
1.3.1 Cheese
1.3.2 Milk based products
1.4 Fruits & Vegetables
1.4.1 Berries
1.4.2 Peas & Beans
1.4.3 Others
1.5 Convenience Food
2. By Processing Stage:
2.1 Freezing
2.2 Packaging
2.3 Pre-Processing
3. By Equipment Type:
3.1 Box Freezer
3.2 Spiral Freezer
3.3 Tunnel Freezer
3.4 Others
4. By Technology :
4.1 Cryogenic IQF
4.2 Mechanical IQF
5. By Region:
5.1 North America
5.2 Asia Pacific
5.3 Europe
5.4 Rest of the World
Competitive Landscape:
The major players in the market are as follows:
1. JBT
2. The Linde Group
3. Air Liquide
4. Patkol
5. Cryogenic Systems Equipment
6. Scanico
7. Marel
8. GEA
9. Air Products and Chemicals
10. Messer Group
11. Octofrost Group
12. Starfrost
These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
RESEARCH METHODOLOGY OF VERIFIED MARKET INTELLIGENCE:
Research study on Individual Quick Freezing (IQF) Market was performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review.
The market data was analyzed and forecasted using market statistical and coherent models. Also market shares and key trends were taken into consideration while making the report. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.
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