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Individual Quick Freezing (IQF) Market Size

Report ID: GMI6330
Published Date: Jul 2023
Report Format: PDF

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Individual Quick Freezing Market Size

Individual Quick Freezing Market size was valued at USD 20.4 billion in 2022 and is estimated to grow at over 5.2% CAGR from 2023 to 2032. IQF technology is preferred for preserving the quality, texture, flavor, and nutritional value of food products by quickly freezing them individually. This is especially crucial for fruits, vegetables, seafood, and other perishable items. IQF products are easy to handle and portion, offering convenience to consumers and foodservice establishments.

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IQF technology extends the shelf life of food products, reducing food waste and allowing for greater distribution and storage flexibility. The increasing preference for frozen fruits and vegetables, as they are available year-round, drives the demand for IQF technology.

Individual Quick Freezing Market Report Attributes
Report Attribute	Details
Base Year:	2022
Individual Quick Freezing Market Size in 2022:	USD 20.4 Billion
Forecast Period:	2023 to 2032
Forecast Period 2023 to 2032 CAGR:	5.2%
2032 Value Projection:	USD 33.9 Billion
Historical Data for:	2018 to 2022
No. of Pages:	200
Tables, Charts & Figures:	355
Segments covered:	By Product Type,By Equipment type,By Technology,By Packaging Type,By Application,By Distribution Channel
Growth Drivers:	Increasing demand for vegetables and fruits Rapid expansion of the food and beverages industry Growing population
Pitfalls & Challenges:	High initial investment High consumption of energy Labour intensified market

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Implementing IQF technology requires a significant upfront investment in specialized freezing equipment and infrastructure, making it challenging for small and medium-sized companies to enter the individual quick freezing market. IQF technology involves rapid freezing of individual food items, which can result in higher energy consumption compared to conventional freezing methods. IQF processing often requires skilled labor to handle delicate food items individually, which can increase labor costs.

Authors: Kiran Pulidindi, Subodh Kharad

Frequently Asked Questions (FAQ) :

The market size of individual quick freezing reached USD 20.4 billion in 2022 and is set to cross USD 33.9 billion by the end of 2032.

The IQF fruits segment was around USD 5.3 billion in 2022, as the IQF technology helps freeze the fruits at their peak ripeness, preserving their taste and nutritional value for year-round availability.

U.S. market with a valuation of more than USD 4.5 billion in 2022, owing to consumer preference for convenient and ready-to-eat food options.

Marel hf, GEA Group AG, JBT Corporation, Air Liquide S.A., Cryogenic Systems Equipment (CSE) GmbH, OctoFrost Group, Starfrost (UK) Ltd., The Linde Group, Scanico A/S, Skaginn 3X, Advanced Equipment Inc., Starfrost (UK) Ltd., Unifreezing Ltd., Van Abeelen Keuringen B.V., NESPAK SRL.