Global Individual Quick Freezing Market is Segmented By Equipment Type (Spiral Freezer, Tunnel Freezer, Box Freezer, Others), By Processing Stage (Pre-Processing, Freezing, Packaging), By Product (Fruits & Vegetables, Seafood, Meat and Poultry, Dairy Products, Convenience Stores, Others), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2024-2031
Market Size
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 2024-2031.
Individual quick freezing is an excellent way to prepare food. It not only keeps the food safe, but it also keeps the food's quality safe. The individual quick-freezing market is being driven by the expansion of international retail food chains, client needs for perishable products and demand for food products. Furthermore, the increased adoption of products for animal feed as an alternative to antibiotics will increase the individual quick freezing market growth.
IQF is necessary for preserving the freshness and quality of foods because it helps keep them from being frozen together, which can cause freezer burn and discoloration. Individual quick freezing simply has no negative impact on food quality. This results in a superior texture, no lumps or blocks forming, and the product flows freely.
Market Scope
| Metrics | Details |
| CAGR | 5.6% |
| Size Available for Years | 2021-2030 |
| Forecast Period | 2024-2031 |
| Data Availability | Value (US$) |
| Segments Covered | Equipment Type, Processing Stage, Product, Technology and Region |
| Regions Covered | North America, Europe, Asia-Pacific, South America and Middle East & Africa |
| Largest Region | North America |
| Report Insights Covered | Competitive Landscape Analysis, Company Profile Analysis, Market Size, Share, Growth, Demand, Recent Developments, Mergers and Acquisitions, New Product Launches, Growth Strategies, Revenue Analysis, Porter’s Analysis, Pricing Analysis, Regulatory Analysis, Supply-Chain Analysis and Other key Insights. |
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Market Dynamics
Increasing Demand for Frozen Foodstuffs Will Lead to the Growth of the Individual Quick-freezing Market
Nowadays, frozen food items are in more demand. For instance, according to Statista, the number of frozen fish fillets consumed in Sweden in 2021 was 25.2 thousand metric tones. The freezing process takes advantage of low temperatures, which prevent microbes from growing, limit chemical reactions and postpone biological metabolic responses.
Frozen food offers non-seasonal year-round availability, reduces wastage, is less perishable than fresh or chilled food and is easier to use. These factors will continue to drive the expansion of the individual quick freezing (IQF) industry in the forecast future. According to Statista, frozen pizza sales in the United States increased to about 6.06 billion dollars in 2021 from 5.47 billion dollars the year before.
Environmental Concerns About Greenhouse Gas Emissions by Individual Quick Freezing Equipment Hamper the Market Growth
The individual quick freezing (IQF) market is facing challenges due to increasing concerns about greenhouse gas emissions and their impact on the environment. According to Our World in Data, 26% of the world's greenhouse gas emissions are related to food production, while 24% of those emissions are due to food waste.
The process of freezing food requires a lot of energy, which often comes from non-renewable sources such as fossil fuels. These sources of energy lead to the emission of greenhouse gases such as carbon dioxide, methane and nitrous oxide, which contribute to global warming and climate change.
Market Segment Analysis
The global individual quick-freezing market is segmented based on equipment type, processing stage, product, technology and region.
The High Efficiency & Compact Design of the Spiral Freezer is Expected to Drive the Segment Growth
Based on equipment type, the individual quick freezing is segmented into spiral freezer, tunnel freezer, box freezer and others.
In 2022, the spiral freezer had the highest share of the market. Spiral freezers are perfect for freezing a wide range of foods, including frozen pizzas, baked products and ready-made meals, since they keep the product's quality, texture and flavor throughout the freezing process.
Spiral freezers and chillers from GEA company handle products at speeds of up to 7 tonnes per hour discreetly. Due to an increase in consumer demand for convenience foods and perishable food goods, the consumption of frozen cheese has surged, propelling the growth of IQF spiral freezers.
Source: DataM Intelligence Analysis (2023)
Market Geographical Share
Increasing Consumption of Ready-to-eat Meals in North America
In 2022, North America had the highest share in the individual quick-freezing market owing to large IQF manufacturers in the United States and Canada. The region's market expansion has been fueled by the rising food and beverage industry and increased consumption of ready-to-eat items.
For instance, according to Statista, in the ready-to-eat meals segment, the average volume per person in 2023 is projected to be 15.95kg. Additionally, Growing demand for flavored fruits and dairy products and increasing efforts to integrate spiral freezers to ensure food preservation is likely to move the market forward.
Source: DataM Intelligence Analysis (2023)
Market Companies
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.
COVID-19 Impact on Individual Quick Freezing Market
COVID-19 Impact
The individual quick-freezing market has expanded during COVID-19 due to the growing demand for frozen items. In the United States, demand for frozen meals skyrocketed, with 70% of customers increasing their frozen food purchases during the 2020 shutdown.
According to a poll conducted by the American Frozen Food Institute, many new consumers who had never purchased frozen foods before the epidemic did so now. Vegetables, pizza and meat were the most frequently purchased frozen food categories.
Russia-Ukraine War Impact
The Russia-Ukraine conflict has had a significant impact on many industries, including the individual quick freezing (IQF) market. The conflict has led to disruptions in the supply chain of many industries, including the IQF market.
The transportation of goods across the border between Russia and Ukraine has become more difficult, which has led to delays and increased costs for IQF companies that rely on goods from the region.
Key Developments
- In December 2022, Godrej Yummiez, a brand of ready-to-cook products from Godrej Tyson Foods Ltd (GTFL), introduced Crispy Potato Starz, a ready-to-cook snack with no added preservatives backed by Individual Quick Freeze (IQF) technology.
- In March 2022, OCTOFROST, a manufacturer of IQF (Individual Quick Freezing) freezers for the food industry, launched a new multi-level impingement freezer. Impingement freezing, which uses high-speed airstream from above and below the product, is a quick-freezing technique.
- In March 2021, JBT Corporation, a leading technology solutions provider to high-value segments of the food processing and air transportation industries, announced the launch of the brand-new freezer, JBT Northfield CleanFREEZER.
Why Purchase the Report?
- To visualize the global individual quick-freezing - market segmentation based on equipment type, processing stage, product, technology and region, 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 the 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
