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Individual Quick Freezing Equipment Market Analysis

  • Report ID: GMI9077
  • Published Date: Apr 2024
  • Report Format: PDF

Individual Quick Freezing Equipment Market Analysis

Based on equipment type, the tunnel freezers segment accounted for around USD 745 million in the 2023 and expected to reach around USD 1.08 billion by 2032. Tunnel freezers are widely used in the food industry for freezing a variety of products including meat, seafood, fruits, and vegetables. This is due to their ability to freeze products quickly and maintain their quality and freshness. With the growing popularity of frozen foods among consumers, the demand for tunnel freezers is expected to rise, thus driving market growth.
 

In addition, the increasing focus on food safety and hygiene standards is also fueling the growth of the tunnel freezers market. Frozen foods are perceived to be safer and more hygienic as they have a longer shelf life compared to fresh foods. This has led to a higher adoption of freezing technology in the food industry, especially in developing countries where food safety regulations are becoming more stringent. As a result, food manufacturers are investing in advanced tunnel freezers to ensure the safety and quality of their products, which is further boosting the market growth.
 

Individual Quick Freezing Equipment Market Revenue Share, By Application, (2023)

Based on application, the food processing industry segment accounted for revenue of around USD 983 million in the year 2023 and expected to reach USD 1.44 billion by 2032. Individual quick-freezing technology offers superior freezing capabilities, ensuring that the texture, taste, and quality of these products are maintained during the freezing process. This has made individual quick-freezing equipment an essential tool for food processors in the seafood, meat, and poultry industries, driving the growth of the individual quick freezing equipment market.
 

In addition to the demand for frozen fruits, vegetables, seafood, meat, and poultry, the rising popularity of ready-to-eat meals and snacks has also contributed to the market growth. As consumers increasingly turn to convenient and easy-to-prepare food options, the demand for IQF equipment has increased, as it allows for the efficient freezing of a wide range of food products without compromising on quality. This has led to the expansion of the individual quick freezing equipment industry, with manufacturers investing in research and development to introduce new and advanced individual quick-freezing equipment to cater to the evolving needs of the food processing industry.
 

North America Individual Quick Freezing Equipment Market Size, 2021 - 2032 (USD Million)

North America dominated the individual quick freezing equipment market with revenue of around USD 458 million in 2023 and expected to reach around USD 662 million by 2032. Rise in the consumption of convenience foods fueled the demand for individual quick-freezing equipment I the North America region. Moreover, the food industry in North America is witnessing significant technological advancements, leading to the adoption of advanced freezing techniques and equipment. The United States and Canada are the major contributors to the business growth.
 

Manufacturers are investing in research and development activities to introduce innovative freezing solutions that can cater to the changing demands of consumers. The growing adoption of individual quick-freezing equipment by food processors and manufacturers is also contributing to the market growth. This equipment offers various advantages, such as faster freezing time, better preservation of nutrients, and improved shelf life of food products, which are driving their demand in the region.
 

US dominated the North America individual quick freezing equipment market with revenue of around USD 425 Million in the year 2023 and expected to reach around USD 617 Million by 2032. The demand for frozen food products is rising in the US due to factors such as changing consumer lifestyles, busy schedules, convenience, and the availability of a wide variety of frozen food options. This trend is driving the need for efficient individual quick-freezing equipment to freeze food products quickly while preserving their quality and freshness.
 

Authors: Ankit Gupta, Abhishek Chopra

Frequently Asked Questions (FAQ) :

The market size of Individual quick freezing equipment was crossed USD 1.6 billion in 2023 and is expected to register 4.5% CAGR from 2024 to 2032, owing to its ability to preserve food without compromising its quality and freshness and rising demand for frozen foods worldwide.

Individual quick freezing equipment industry from the tunnel freezers segment recorded USD 745 million in 2023 and is expected to register an appreciable CAGR from 2024 to 2032, due to their widespread usage in the food industry for freezing a variety of products.

North America individual quick freezing equipment industry reached USD 458 million in 2023 and is expected to register a commendable CAGR up 2032, due to the rise in the consumption of convenience foods fueling the demand for individual quick-freezing equipment in the region.

JBT Corporation, Korutek Engineering, Marel hf, NESPAK SRL, OctoFrost Group, Scanico A/S, Skaginn 3X, Starfrost (UK) Ltd., The Linde Group, Unifreezing Ltd., and Van Abeelen Keuringen B.V., are some of the major individual quick freezing equipment companies worldwide.

Individual Quick Freezing Equipment Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 15
  • Tables & Figures: 171
  • Countries covered: 22
  • Pages: 290
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