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Global Individual Quick Freezing (IQF) Market to Grow at a CAGR of 5.60% During 2022-2027, Aided by Growing Inclination of the Consumers Towards the Frozen Food Products

According to a new report by EMR titled, ‘Global Individual Quick Freezing (IQF) Market Report and Forecast 2022-2027’, the global individual quick freezing (IQF) market reached a value of USD 18.59 billion in 2021. The market is expected to grow at a CAGR of 5.60% between 2022 and 2027 to attain USD 25.78 billion by 2027.

The individual quick freezing (IQF) market is driven by the changing consumer preference towards frozen food products, owing to the fact that these products can retain their vitamins and minerals without any change in carbohydrate, protein, or fat content. The flavour of the foods also remains unaltered. Individual quick freezing helps the preservation of the nutrients. The market will further be aided by the rising demand for high-quality fruits and vegetables with prolonged shelf lives from the household, owing to the rising disposable income and growing population.

In terms of region, North America is likely to account for a significant share in the market, owing to the availability of the basic infrastructure required to support the individual quick freezer. The growing market expansion by the major market players in the countries like the United States of America and Canada is likely to augment the market growth. Over the forecast period, the rising demand for IQF fruits, such as blueberry and red tart cherries is likely to augment the market in the forecast period.

In March 2021, JBT Corporation (NYSE: JBT) announced the launch of its brand-new freezer, JBT NorthField CleanFREEZE. The product is a type of spiral freezer that delivers the sanitary design superior performance and is easy to maintain, especially in the case of high volume freezing. The freezer will allow the cooling and chilling of a wide range of both packaged and individual quick-frozen products. In addition to this, the CleanFREEZE will be equipped with JBT’s clean-in-place technology, which is known to be a complete and open sanitation system that defrosts, rinses, washes, disinfects, and dries the freezer with minimum manual intervention required.

Market Breakup by Equipment Types, Processing Stages, Technologies, Products, and Region:

  • The market is segmented on the basis of equipment type into spiral freezer, tunnel freezer, and box freezer, among others.
  • The processing stages in the market include pre-processing, freezing, and packaging.
  • The market segmentation, on the basis of technology, includes mechanical IQF cryogenic IQF.
  • By product, the market can be divided into fruits and vegetables, seafood, meat and poultry, dairy products, and convenience food.
  • The regional markets for individual quick freezing (IQF) can be divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

  • The global market for individual quick freezing (IQF) is being driven by the growing demand for frozen food products.
  • The growing demand for the product from the thriving food and beverage industry is likely to aid the market growth in the forecast period.
  • The growing expansion of the major market players in the emerging economies of the world is likely to augment the market growth.
  • The market will further be aided by the growing demand for high-quality fruits and vegetables, owing to the rising disposable income and growing population.

Key Offerings of the Report:

  • The EMR report gives an overview of the global individual quick freezing (IQF) market for the periods (2017-2021) and (2022-2027).
  • The report also offers historical (2017-2021) and forecast (2022-2027) market information for the equipment types, processing stages, technologies, products, and regions of individual quick freezing (IQF).
  • The report analyses the market dynamics, covering the key demand and price indicators in the market, along with providing an assessment of the SWOT and Porter’s Five Forces models.

The major players in the global individual quick freezing (IQF) market are Air Liquide S.A., The Messer Group GmbH, Linde plc, Starfrost, and OctoFrost Inc., among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

About Us:

Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium-sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.

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*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

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