Global Individual Quick Freezing (IQF) Meat and Poultry Market, By Product Type (IQF Meat Products, IQF Poultry Products), End User (Food Services, Food manufacturers, Retail, Others), Processing Stages (Pre-Processing, Freezing, Packaging) – Industry Trends and Forecast to 2029.
Individual Quick Freezing (IQF) Meat and Poultry Market Analysis and Size
The individual quick freezing (IQF) meat and poultry market is expected to expand rapidly in the coming years. A rise in demand for ready-made food products, the availability of non-seasonal food products, the expansion of food chains by multinational corporations, and an increase in consumer demand for perishable goods are some of the factors driving the market. Manufacturers have begun to employ new and advanced technologies that aid in the delivery of a higher-quality finished product to the end-user.
Data Bridge Market Research analyses that the 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. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, patent analysis and consumer behaviour.
Individual Quick Freezing (IQF) Meat and Poultry Market Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2014 - 2019)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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Product Type (IQF Meat Products, IQF Poultry Products), End User (Food Services, Food manufacturers, Retail, Others), Processing Stages (Pre-Processing, Freezing, Packaging)
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Countries Covered
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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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Market Players Covered
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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)
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Opportunities
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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.
Individual Quick Freezing (IQF) Meat and Poultry Market Dynamics
Drivers
- Rising trend of consuming frozen food and to experience various commodities
Customers' increasing preferences for frozen commodities, as well as their interest in expanding information and eagerness to experience multiple nutritional values, are the primary key leaning propelling the business of the individual quick freezing (IQF) meat and poultry market. Some of the meat and poultry and vegetables are only available in their respective seasons, freezing them provides access to off season commodities throughout the year.
- Growing penetration of e-commerce portals
Due to the product's ease of use and time savings, the market is growing in popularity among consumers, particularly young professionals. By introducing new product varieties, this scenario is expected to provide potential opportunities for the global market. Over the last few years, stable economic growth associated with the developing mining industry has resulted in increased job opportunities, thereby increasing the average income of consumers.
Furthermore, due to the growing penetration of e-commerce and online delivery services driven by an accelerated lifestyle, eateries and restaurants worldwide are relying on individual quick freezing (IQF) meat and poultry to meet the demand for exotic dishes. This scenario anticipates global market growth in the coming years.
Opportunity
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.
Restraints
High costs associated with the acquisition of freezing equipment may pose a significant threat to the growth of the global individual quick freeze (IQF) meat and poultry market. Furthermore, frozen foods contain various types of preservatives that will affect the human body, which is another major factor expected to impede the growth of the global meat and poultry and vegetables market during the forecast period.
This individual quick freezing (IQF) meat and poultry market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the individual quick freezing (IQF) meat and poultry market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
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.
Recent Development
- Suguna Poultry Farm Ltd announced opening a cold storage facility in Tiruchi in October 2018. It has a capacity of 25 tonnes of meat and poultry and vegetables. This will give you ready-to-eat salads as well as juices.
- Russia and China signed a trade agreement in November 2018, under which Russia will begin exporting Individual Quick Freeze (IQF) meat and poultry products to China. This will assist both countries in developing a mutually beneficial relationship. To meet Russia's and China's veterinary and sanitary requirements, products that can be frozen are exported.
Global Individual Quick Freezing (IQF) meat and poultry Market Scope
The individual quick freezing (IQF) meat and poultry market is segmented on the basis of product type, end use and processing stage. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Product Type
- IQF Meat Products
- IQF Poultry Products
End use
- Food Services
- Food manufacturers
- Retail
- Others
Processing stage
- Pre-processing
- Freezing
- Packaging
Individual Quick Freezing (IQF) meat and poultry Market Regional Analysis/Insights
The individual quick freezing (IQF) meat and poultry market is analysed and market size insights and trends are provided by country type, product type, end use and processing stage as referenced above.
The countries covered in the individual quick freezing (IQF) meat and poultry market report are 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.
Currently, the market in North America accounts for the majority of market share and is expected to drive growth over the forecast period. This is primarily due to people's high disposable income, hectic lifestyle, changing eating habits, and a preference for ready-to-eat products in this region's countries. The Asia Pacific market is expected to grow the fastest in the near future due to changing eating habits, an increasing working-class population, the high influence of Western food habits, rising disposable incomes, busy lifestyles, and a thriving modern retail industry, to name a few factors.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Individual Quick Freezing (IQF) meat and poultry Market Share Analysis
The individual quick freezing (IQF) meat and poultry market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to individual quick freezing (IQF) meat and poultry market.
Some of the major players operating in the individual quick freezing (IQF) meat and poultry market are:
• 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)
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