IQF Food Market Scope
IQF stands for "individually quick frozen." IQF food consist of frozen individual pieces of food. Each individually frozen pieces inside the bag offer them more shelf life along with maintaining its quality. Fruits like blueberries, strawberries, and peaches and vegetables like corn, peas, and green beans are available in frozen form. Rising demand for frozen seafood and meat like shrimp and scallops; poultry impacting on the IQF food market in positive manner. However, high cost involvement known as prominent challenge for the market. Geographically, North America region is expected to grow with the highest market share over the forecast period followed by Europe and Asia Pacific. Presence of leading market players creating hub for IQF Foods providers which further impacting on market profitability in better manner.
Market players are focusing on providing IQF Food with higher quality along with complying regulatory standards to fascinate more end users. They are also focusing on the introduction of numerous advanced & attractive packaging to reach a newer consumer base. The market is fragmented owing to the presence of several international and local providers. The high focus on the offering cost effective properties. Besides, the industry profitability has led the entry of new players, in turn, increasing the level of rivalry in the already competitive market. Research Analyst at AMA estimates that United States Vendors will contribute to the maximum growth of Europe IQF Food market throughout the predicted period.
ConAgra Foods, Inc. (United States), Uren Food Group Limited. (United Kingdom), J.R. Simplot Co. (United States), Kerry Group (Ireland), TOYOTA TSUSHO FOODS Corp. (Japan), SunOpta Inc. (Canada), Inventure Foods, Inc. (United States), Cal Pacific Specialty Foods (United States), DMH Ingredients (United States), Stahlbush Island Farms Inc. (United States), Fruitex (Australia), Brecon Foods (Canada), Rosemary and Thyme Limited (United Kingdom), Pinnacle Foods, Inc. (United States), Cherry Central Inc. (United States), Sympli (United States) and Diafrost Frozen Fruit Industry N.V. (Belgium) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research are Capricorn Food Products India Ltd.(India), Dole Packaged Foods LLC (United States), Milne Fruit Pty Ltd. (Australia) and Shimla Hills Offerings Pvt. Ltd. (India).
Segmentation Overview
The study have segmented the market of Europe IQF Food market by Type (IQF Meat, IQF Fruits, IQF Vegetables, IQF Dairy Products and Others), by Application (Food & Beverage ( Bakery & Confectionary, Fruit based Processing’s, RTE food, Others), Households, HoReCa and Others) and Region with country level break-up.
On the basis of geography, the market of IQF Food has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, 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).
Influencing Trend:
Higher Fruits Processing’s demands for IQF Fruits in Large Quantity anticipated to gain Traction
Market Growth Drivers:
Growing Infrastructure of Food & Beverages Industry and Increasing Routinely Consumption of Seafood & Meat
Challenges:
High Cost involve in IQF processing Stages
Restraints:
Concern regarding Methods Use for IQF i.e. Mechanical and Cryogenic
Opportunities:
Growing Popularity of Flavoured RTE Snacks has Created Growth Opportunities and Rising Demand for Frozen Food in number of Food Processing’s
Market Leaders and their Expansionary Development Strategies
In July 2022, Colour and ingredient acquired Sarat foods and undisclosed sum Roha Global Ingredient suppliers add two manufacturing facilities in India.
In 2022, TOMRA Food launched the TOMRA 5C premium sorting machine, with the company’s unique biometric signature identification technology, for frozen Vegetables. This machine is majorly used for IQF food. With this machine's availability, IQF is food testing and monitoring is conducted fastened.
According to the FSSAI standards and additives regulation 2011, IQF freezing operation must not be complete till the product temperature has reached (minus) - 18°C at the thermal centre after thermal stabilization. Further according to the regulation, this food is prepared in any style appropriate for the respective vegetable in normal culinary preparation. In case of vegetables, it may contain salt, nutritive sweeteners, milk solids, spices and condiments and any other ingredient suitable to the product.
Key Target Audience
IQF Food Manufacturers, IQF Food Providers, Raw Material Suppliers, Food & beverage manufacturers, suppliers, and processors, New Entrants/Investors, IQF Governing Associations and Research organizations and associations like the Food and Drug Administration (FDA), Food and Agriculture Organization (FAO), Food Safety and Standards Authority of India (FSSAI), China Food and Drug Administration(CFDA), European Food Safety Authority (EFSA) etc.
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.