Individual Quick Freezing (IQF) Meat and Poultry Market – Industry Trends and forecast period of 2021 to 2028.
individual quick freezing (IQF) meat and poultry market was growing at a value of USD 16.33 billion in 2021 and is expected to reach a value of USD 26.72 billion and registering a CAGR of 6.35% from 2022 to 2029
Market Definition
IQF is a process that freezes meat and poultry products at -30°C to -40°C temperatures, preserving them for a longer period of time, sometimes even a year, while retaining the major attributes such as taste, colours, flavours, and texture until they are consumed. IQF meat and poultry are kept at extremely low temperatures or in advance refrigerators. IQF technology is ideal for preserving meat and poultry because it prevents the growth of microorganisms that cause staleness and bad odour in the products.
Segment Analysis:
Product Type (IQF Meat Products, IQF Poultry Products), End User (Food Services, Food manufacturers, Retail, Others), Processing Stages (Pre-Processing, Freezing, Packaging)
Opportunity of the Market
To meet this rising demand, an increasing number of individual quick freeze (IQF) meat and poultry manufacturers are entering the market, with new entrants expanding into new markets. As a result, food trading in the frozen industry is becoming increasingly international in most countries. As a result, supply chains are becoming larger and more complicated, resulting in a greater need for meat and poultry and vegetables to remain fresh for extended periods of time, driving individual quick freezing (IQF) meat and poultry sales.
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Key Market Competitors Covered in the Report
· JBS S.A. (U.S.)
· Kraft Foods (U.S.)
· BRF S.A. (Netherlands)
· Astral Foods (India)
· Hormel Foods (Hungary)
· 2 Sisters Food (France)
· Waitrose (Columbia)
· Wm. Morrison Supermarkets (U.K.)
· Samworth Brothers (U.S.)
· General Mills Inc (U.K.)
· Conagra Brands, Inc (U.S.)
· Unilever (India)
· Kellogg Co (U.S.)
· McCain Foods Ltd. (U.S.)
· The Kraft Heinz Company. (U.S.)
· Associated British Foods plc (U.K.)
· Ajinomoto Foods (Japan)
· LantmännenUnibake (Germany)
Research Methodology: Global System Integrator Market for Retail and Consumer Goods
Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.
The retail segment will dominate the end-use segment of the Individual Quick Freezing (IQF) Meat and Poultry Market
The retail segment will emerge as the dominating segment under end-use with approximately 61.00% market share. This is because of the growing number of infrastructural development activities in the market especially in the developing economies. Further, growth and expansion of the semiconductors and electronics industry all around the globe will further bolster the growth of this segment.
Regional Analysis
U.S., Canada and Mexico in North America, Germany, Sweden, Poland, Denmark, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
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COVID-19 Impact on Individual Quick Freezing (IQF) Meat and Poultry Market
The COVID-19 pandemic led to a massive burden on food and beverage supply chains worldwide. Consumer consumption habits have shifted as a result of their perception of the risk associated with COVID-19. Fear of possible food and beverage shortages has fuelled the hoarding trend. Due to the hoarding, demand for individual quick freezing (IQF) meat and poultry products increased, and the companies could not meet the market demand. The vaccination campaign and lockdown practises to limit the virus's global spread are likely to aid in the growth of the frozen food market in regaining its position in the food and beverage sector.
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North America Encoder Market
· Chapter One: Introduction
· Chapter Two: Market Segmentation
· Chapter Three: Market Overview
· Chapter Four: Executive Summary
· Chapter Five: Premium Insights
· Chapter Six: Individual Quick Freezing (IQF) Meat and Poultry Market
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