About Individual Quick Freezing
Individual quick freezing is separately frozen foods. This industry is having a major trend in canned food products. The development in the processed food industry is driving huge demand for individual quick freezing. The increase in the number of processing units across emerging nations such as India is becoming one of the major driving factors for individual quick-freezing market India.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
There are various companies that are exploring the market in new geographical regions by adopting organic and inorganic business growth strategies including mergers & acquisitions, expansions, investments, new product launches, and others. There are numerous players are entering this market with technological development to capture market growth opportunities. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Individual Quick Freezing market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
The Linde Group (Germany), Air Products and Chemicals (United States), Air Liquide (France), Messer Group (Germany), MAREL (Iceland), JBT (United States), GEA (Germany), PATKOL (Thailand), OctoFrost Group (Sweden) and Cryogenic Systems Equipment (United States) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Starfrost (United Kingdom) and Scanico (Denmark).
Segmentation Overview
AMA Research has segmented the market of Global Individual Quick Freezing market by Type (Fruits & Vegetables, Seafood, Meat & Poultry, Dairy Products and Others) and Region.
On the basis of geography, the market of Individual Quick Freezing has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Equipment, the sub-segment i.e. Spiral Freezer will boost the Individual Quick Freezing market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Processing Stages, the sub-segment i.e. Pre-Processing will boost the Individual Quick Freezing market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Technology, the sub-segment i.e. Mechanical IQF will boost the Individual Quick Freezing market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increase in Market Competency
Market Growth Drivers:
High Growth in Perishable Foods by the Consumers, Increase in Requirement for Convenience Food Products and High Presence of Non-Seasonal Food Products
Challenges:
Stringent Food Safety Regulations and High Cost Associated with Individual Quick Freezing
Restraints:
Rise in Concerns Related to the Greenhouse Gas Emissions
Opportunities:
Development in Growth for Premium Products and Increase in Government Initiatives for the Reduction of Post-Harvest & Processed Food Wastage
Market Leaders and their expansionary development strategies
In November 2022, Roha Dyechem, one of the largest players in the food color and ingredients industry, announced it has fully acquired Saraf Foods Limited, a Vadodara-based freeze-drying specialist food processing company with a significant presence in global markets US, Europe, and Latin America.
In December 2022, Godrej Yummiez, a brand of ready-to-cook products from Godrej Tyson Foods Ltd (GTFL), expanded its vegetarian portfolio with the launch of Godrej Yummiez Crispy Potato Starz. This new product is a unique star-shaped, crunchy snack, made with high quality potatoes using advanced Individual Quick Freeze (IQF) technology that keeps it fresh for long without any added preservatives. Being the third launch in vegetarian category this year after paneer pops and mix veggies, this portfolio expansion is slated to boost the overall growth for Godrej Yummiez by upwards of 30% in FY 23
Key Target Audience
Venture Capitalists and Private Equity Firms, New Entrants/Investors, Analysts and Strategic Business Planners, Individual Quick-Freezing Providers, Government Regulatory and Research Organizations and End-Use Industries
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.