Individual Quick Freezing (IQF) Market To Reach USD 23.65 Billion By 2026
Market Summary: The expansion of retail food chains, demand for frozen food, technological innovations in the packaging industry, government initiatives is the key factors contributing to the growth of the market during the forecast period. Market Size – USD 15.89 Billion in 2018, Market Growth - CAGR of 5.85%, Market Trends –Increase in usage of IQF in food and beverage industry, Growing number of IQF manufacturers. According to the current analysis of Reports and Data, the global Individual Quick Freezing market was valued at USD 15.89 Billion in 2018 and expected to reach USD 23.65 Billion by the year 2026, at a CAGR of 5.85%. The primary consideration for deep-freezing is the rate at which the temperature of the food is reduced, whether it is meat, vegetables, or baked products. Further key findings from the report suggest : • Based on product, IQF fruits and vegetable markets cover the maximum segment as technological advancements and benefits of IQF fruits and vegetables has resulted in easy accessibility and affordability to the shoppers. • The North American segment is anticipated to grow at a very healthy CAGR during the forecast period. • The fast-paced routine has headed the consumer's inclination towards hygienic and no chemically altered fruit and vegetable products that eradicate the typical troubles of chopping and cleaning, thereby driving the IQF fruits and vegetable market on a more significant basis. www.reportsanddata.com
Key participants : MAREL (Iceland), JBT (US), Products and Chemicals (US), Air Liquide (France), GEA (Germany), The Linde Group (Germany), Air and Messer Group (Germany). The other companies which are profiled include PATKOL (Thailand), OctoFrost Group (Sweden), Cryogenic Systems Equipment (US), Starfrost (UK), and Scanico (Denmark). Segmentation: • Equipment Type (Revenue, USD Million; 2016–2026) : Spiral freezer, Tunnel freezer, Box freezer, Others (blast and plate freezers) • Processing Stages (Revenue, USD Million; 2016–2026) : Pre-processing, Freezing, Packaging • Technology (Revenue, USD Million; 2016–2026) : Mechanical IQF, Cryogenic IQF • Product (Revenue, USD Million; 2016– 2026): Fruits & vegetables, Seafood, Meat & poultry, Dairy products, Convenience food www.reportsanddata.com
Regional Outlook for Individual Quick Freezing Market analyzes the following geographies ◦ North America (United States, Canada, and Mexico) ◦ Europe (Germany, France, UK, Russia, and Italy) ◦ Asia-Pacific (China, Japan, Korea, India, and Southeast Asia) ◦ South America (Brazil, Argentina, Colombia, etc.) ◦ Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa
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The report emphasizes the following key questions: ◦ Q.1. What are the most lucrative and promising growth prospects for the market? ◦ Q.2. Which sectors are expected to deliver a high growth rate and which industry aspects come into play in this advancement? ◦ Q.3. Which geographies are estimated to exhibit the highest growth and the underlying causes? ◦ Q.4. Which factors are impacting the future of the market and what are the driving factors? ◦ Q.5. What are the hurdles and challenges curtailing the industry’s growth in the forecast period?
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