Global IQF Food Market Overview:
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.
Attributes | Details |
---|
Study Period | 2017-2027 |
Base Year | 2021 |
Forecast Period | -2027 |
Historical Period | 2017-2021 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Growth Drivers
- Growing Infrastructure of Food & Beverages Industry
- Increasing Routinely Consumption of Seafood & Meat
Roadblocks
- Concern regarding Methods Use for IQF i.e. Mechanical and Cryogenic
Opportunities
- Growing Popularity of Flavoured RTE Snacks has Created Growth Opportunities
- Rising Demand for Frozen Food in number of Food Processing’s
Challenges
- High Cost involve in IQF processing Stages
Competitive Landscape:
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.
Some of the key players profiled in the report are 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). Additionally, following companies can also be profiled that are part of our coverage like Capricorn Food Products India Ltd.(India), Dole Packaged Foods LLC (United States), Milne Fruit Pty Ltd. (Australia) and Shimla Hills Offerings Pvt. Ltd. (India). Considering Market by Sales Channel, the sub-segment i.e. Online (E-commerce will boost the IQF Food market.
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.
What Can be Explored with the IQF Food Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global IQF Food Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in IQF Food
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global IQF Food market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in IQF Food market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes 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..
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.
Frequently Asked Questions (FAQ):
Who are the top performing companies in IQF Food Market?Top performing companies in the Global IQF Food market are 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), to name a few.
What trending factors would impact IQF Food Market growth most?"Higher Fruits Processing’s demands for IQF Fruits in Large Quantity anticipated to gain Traction" is seen as one of major influencing trends for IQF Food Market during projected period 2021-2027.
How is Global IQF Food Market forecast is bolstered by IQF Meat
?IQF Meat
segment in Global market to hold robust market share owing to "Growing Infrastructure of Food & Beverages Industry
".