The global Individual Quick Freezing market was valued at USD 16.67 billion in 2019 and is expected to reach USD 24.28 billion by the year 2027, at a CAGR of 5.5%. Increasing demand for frozen food, rapid expansion of retail food chains, rapid developments in freezing technologies and increasing demand for non-seasonal fruits and vegetables are the key factors stimulating the market growth significantly. Individual Quick Freezing (IQF) facilitates swift freezing of food items without crystal formation, which helps in keeping the food products dry when defrosted. IQF is beneficial for long term storage of food products, especially perishable products such as meat, fruits and vegetables as it increases the shelf life of the products while keeping the freshness intact. In fact, the frozen food products retain more nutrients in comparison to the fresh products. The global wastage of food has seen a drastic increase in the recent years. According to a report by BCG, 1.6 Billion tons of food is wasted every year, which accounts for approximately one-third of the total food production across the globe. Along the entire food value chain, from production to consumption, majority of the food products get damaged.
The latest report is one of the most sought-after market research documents covering the grave impact of the COVID-19 outbreak current situation on the Individual Quick Freezing market. The market intelligence report closely investigates the severe disruptions to this business sphere brought about by the pandemic. The coronavirus outbreak has significantly affected the Individual Quick Freezing business landscape, posing threats to the developmental scope of the key manufacturers and buyers involved in this sector. The report further provides expert speculations about the post-COVID-19 scenario of the market.
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Geographical Segmentation:
The report is a prototype of the Individual Quick Freezing market and focuses on the market’s major regional segments. The market has been categorized into several key geographical segments, including North America, Asia Pacific, Europe, Latin America, and the Middle East & Africa. In this section of the report, the anticipated market share, market size, revenue contribution, sales network, distribution channels, and numerous other aspects of each region have been evaluated.
Competitive Terrain:
The global Individual Quick Freezing market has a consolidated presence of a large number of companies that have been performing consistently to achieve optimum market growth. The report comprehensively discusses these companies’ current market standing, past performances, demand & supply graphs, sales network, production & consumption patterns, and distribution channels. The report thus points out the effective business approaches undertaken by these market players to build on their market footprint.
The leading companies operating across the global Individual Quick Freezing market are listed below:
JBT (US), Products and Chemicals (US), MAREL (Iceland), Air Liquide (France), GEA (Germany), Air and Messer Group (Germany) The Linde Group (Germany), PATKOL (Thailand), OctoFrost Group (Sweden), Cryogenic Systems Equipment (US), Starfrost (UK), and Scanico (Denmark)
Equipment Type Outlook (Revenue, USD Billion; 2017-2027)
Spiral freezer, Tunnel freezer, Box freezer, Others (blast and plate freezers)
Processing Stages Outlook (Revenue, USD Billion; 2017-2027)
Pre-processing, Freezing, Packaging
Technology Outlook (Revenue, USD Billion; 2017-2027)
Mechanical IQF, Cryogenic IQF
Product Outlook (Revenue, USD Billion; 2017-2027)
Fruits & vegetables, Seafood, Meat & poultry, Dairy products, Convenience food
Key Points of the Report:
- Market Overview: This section of the report offers actionable insights into the global Individual Quick Freezing market, encompassing the historical and future timelines, key dynamics, latest market trends, growth trajectories, and the future market scope. It highlights the principal market segments, including the main product types, application gamut, end-user industries, and regional spectrum.
- Executive Summary:In this section of the report, a comprehensive assessment of the competitive landscape of the market, regional mapping, CAGR, and various crucial parameters like key market drivers, restraints, trends, challenges, and growth prospects.
- COVID-19 Impact Analysis: The report closely analyzes the impact of the COVID-19 pandemic on numerous aspects of the Individual Quick Freezing industry, such as production capacity, consumption rate, import-export status, demand & supply ratio, and the estimated revenue generation of each regional segment.
- Competitive Landscape: This segment of the report systematically profiles the leading companies functioning in the Individual Quick Freezing industry. Moreover, the report emphasizes the global market value & volume, product portfolios, production capacity, and other vital aspects of these companies.
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