“The global individual quick freezing market is projected to grow at a CAGR of 5.9%.”
The global individual quick freezing market is estimated at USD 15.59 billion in 2017 and is projected to reach USD 20.82 billion by 2022, at a CAGR of 5.9% during the forecast period. The primary factors that drive the market are growth in consumer demand for perishable foods, increase in demand for convenience food products, growth in availability of non-seasonal food products, and development & expansion of food retail chains by multinational companies. One of the major restraining factors is the environmental concerns regarding greenhouse gas emissions.
“The fruits & vegetables segment, by product, is projected to grow at the highest CAGR during the forecast period.”
The fruits & vegetables segment is projected to grow at the highest CAGR during the forecast period. Fruits & vegetables, due to their perishable nature, need to undergo processing and freezing, which helps extend their storage time and prevent spoilage during transport. Manufacturers focus on replacement of old processing equipment with advanced technologies such as individual quick freezing, which will enhance the efficiency of these firms and deliver quality food products to end user.
“The tunnel freezer segment, by equipment type, is projected to grow at the highest CAGR during the forecast period.”
In a tunnel freezer, products that are required to be frozen are sent through a tunnel, usually by an overhead conveyor or on a belt. The tunnel freezer not only enables rapid freezing but also offers improved texture, taste, and appearance with minimal dehydration loss and small footprint. Cryogenic tunnel freezers are used to freeze or chill products quickly, using liquid gases in an efficient manner.
“The North American region is projected to grow at the highest CAGR during the forecast period.”
The North American region is projected to be the largest market by 2022. The growth in this region can be attributed to various innovations in different processes of individual quick freezing, which help to meet the growing demand from the food manufacturers. The demand for individual quick freezing has increased in North America due to the presence of a large number of manufacturers of IQF equipment in the region.
Break-up of Primaries:
- By Company Type: Tier 1: 10%; Tier 2: 25%; Tier 3: 45%; and Tier 4: 20%
- By Designation: C Level: 10%; Director Level: 30%; and Others: 60%
- By Region: North America: 20%; Europe: – 20%; Asia Pacific: 45%, and RoW: 15%
The key players in the individual quick freezing market include the following:
• MAREL (Iceland)
• JBT (US)
• GEA (Germany)
• The Linde Group (Germany)
• Air Products and Chemicals (US)
• Air Liquide (France)
• Messer Group (Germany)
• PATKOL (Thailand)
• OctoFrost Group (Sweden)
• Cryogenic Systems Equipment (US)
• Starfrost (UK)
• Scanico (Denmark)
The report provides analysis of the individual quick freezing market across different segments. It aims at estimating the market size and future growth potential of this market across different equipment types, processing stages, technology, product, and regions. The report also includes an in-depth competitive analysis of the key players in the market along with their company profiles, recent developments, and business strategies.
Key Reasons to buy the Report:
- To get an overview of the global individual quick freezing market
- From an insight perspective, this research report has focused on detailed analyses?industry, market share of top players, and company profiles
- This report also explains high-growth segments of the global individual quick freezing market, its high-growth regions and, drivers, restraints, opportunities, and challenges