Email
Print
An estimated one-third
of all food produced worldwide goes to waste in 2018, as per the Food and
Agricultural Organization of the United States. The issue of food wastage has
given birth to the frozen food market which is exhibiting immense growth
with an increase in disposable income and accentuated refrigeration technology.
According
to the World Health Organization, approximately 820 million people are hungry
across the world in 2018. To reduce the food wastage and to feed the people who
are in hunger, freezing the food is the primary solution. Instant quick
freezing (IQF) technology is the freezing technique, which helps to preserve
most of the natural properties of the food. Growth in the availability of tropical
food products and increasing demand for perishable food items are triggering
factors anticipated to drive the growth of the individual quick freezing
market. The global individual quick freezing market size was valued at $17.5 billion
as of 2018 and is expected to grow with a CAGR of 6% throughout the forecast
period 2019-2025.
A significant rise in the
consumption of ready-to-cook food products has reflected on the demand for individual
quick freezing foods around the globe. Also, increasing demand for convenience
food items owing to its quality and extended shelf-life is another significant factor
anticipated to incite the growth of the individual quick freezing market. IQF technology
is a freezing method used to preserve the texture and taste of food items in
the food processing industry. This
technology can separate food items independently during the freezing process,
thereby delivering high quality when compared to block freezing. IQF
foods are prepared within few minutes by this freezing process. Products
usually frozen with IQF technologies include all types of fruits, seafood, and
vegetables. Food items that are produced by this process hold on the nutrition
values up to the time of consumption. This key benefit of IQF technique for
food items preservation, which in turn, incite the growth of this market
globally. The ice crystals formed through individual quick
freezing method inside the food products cause less damage to the cell
structure. Additionally, the food preserved through IQF process has several
advantages such as superior freshness, convenience in handling and
transportation and is more hygienic than fresh and dried foods. In cryogenic
freezing, food products are immersed in liquid nitrogen at very low
temperatures. Zero contact between the food product and the worker is
achievable in IQF technology in freezing food preservation. Blast freezers are
widely used to store foodstuffs, in which rapid cooling helps decrease the size
of ice crystals that form in food when it is frozen.
North America
Holding
Major Share of the Individual Quick Freezing Market
North America generated
42% of the individual quick freezing market global revenue in 2018. A rapid
rise in the expansion of retail food chains is another factor influencing the growth
of the individual quick freezing market in this region. An increasing number of
the working population in this region is the key factor for the growth of this
market in North America. Changing food preferences and tastes among people of
different age groups in this region are anticipated to impel the growth of the
IQF market.
The application segment
that will be creating the most lucrative opportunities for the individual quick
freezing market is fruits and vegetables. This application segment is projected
to grow at a CAGR of 2.7% through to 2025. Frozen fruits and vegetables have
relatively more nutrients than that of fresh veggies. After harvest, while
transporting from longer distances fresh fruits and vegetables can be damaged, making
them less nutritive than frozen ones. Busy lifestyles have
led to customer inclination towards hygienic and easily available fruit and
vegetable products that eliminates difficulties of chopping and cleaning of
food items. Growing consumer awareness towards healthy food, foodstuff with
longer shelf-life, and technological innovations in packaging and processed
food items, which in turn, spur the growth of the individual quick freezing
market.
Penetration of Modern
Retail Stores as Shopping Destinations for IQF’s
A surge in the
expansion of modern retail stores as shopping destinations for urban consumers
to pick out a wide variety of products which comprises of with quality in
convenient pack sizes is one of the driving factors for the individual quick
freezing market. Nowadays, companies are employing an enhanced supply chain
management system to make sure that the frozen food market growth. Reefer
trucks are being used to constantly maintain an optimum environment for frozen
foods to stay fresh while transportation. These trucks are now being fitted
with GPS technologies for timely deliveries to the customers or retail stores.
Huge investments in the cold storage facilities are paving the path to shaping
out the frozen food business extension. Growing investments in freezers are
increasing the availability of quality frozen space in retail stores by
ensuring the right storage conditions via cold chain digitization, which in
turn, spur the growth of the individual quick freezing market globally.
The Major Players in
the Individual Quick Freezing Market:
Prominent players in
the individual quick freezing market include Air Liquide, Air Products and
Chemicals, Cryogenic Systems Equipment, GEA, JBT Corporation, Marel, Messer
Group, Octofrost Group, Patkol, and The Linde Group.
Mergers and
acquisitions are the other key strategies adopted by the players to stay ahead
of their competitors. JBT Corporation, an American-based Food Processing
Machinery Company has announced its acquisition with Proseal, UK-based tray
sealing technology solutions provider on May 1, 2019. With this acquisition,
JBT Corporation has expanded its market for convenience foods across the globe.
Marel, an Iceland-based food processing company has announced its acquisition
with MAJA, a German-based food processing equipment manufacturer on July 27,
2018. With this acquisition, Marel has strengthened its advanced food
processing and standard equipment product base in the global market. Octofrost
Group, Sweden-based individual quick frozen freezer tunnels manufacturer has
announced its acquisition with Innotec Systems,
Dutch-based food processing machinery manufacturer on July 18, 2017. With this
merger, Octofrost has enhanced its IQF product portfolio thereby its place in
the global market. Such acquisitions aid the market players to expand their
geographical boundaries and accentuate their footprint into the global individual
quick freezing market.
Talk to one of our sales representative about the full report by providing your details in the link below:
https://www.industryarc.com/support.php?id=504460
Related
Reports:
· Frozen Food Market
https://www.industryarc.com/Report/7433/frozen-food-market-analysis.html
· Convenience Food Retail Market
https://www.industryarc.com/Report/18931/convenience-food-retail-market
Any other custom requirements can be discussed with
our team, drop an e-mail to [email protected]
to discuss more about our consulting services.
To request for a proposal, provide your details in
the below link:
https://www.industryarc.com/reports/request-quote?id=504460
Media Contact:
Mr.
Venkat Reddy
Sales
Manager
Email: [email protected]
Contact
Sales: +1-614-588-8538 (Ext-101)