Individual Quick Freezing (IQF) Market: The North American region is projected to grow at the highest CAGR

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 market is driven by factors such as growth in availability of non-seasonal food products.

The fruits & vegetables segment accounted for the largest market share in 2016. Fruit & vegetable consumption is essential to meet the daily nutritive requirements of the body. Asia Pacific, Africa, and Latin America are the key producers of fruits & vegetables. With the growing demand for frozen fruits & vegetables, a number of companies are manufacturing processing equipment along with freezing lines, which can process a wide range of products and provide extended shelf-life.

The North American region is projected to grow at the highest CAGR during the forecast period. The countries covered in the North American region are projected to be the fastest-growing markets for individual quick freezing, due to the presence of large players such as JBT (US), Air Products and Chemicals (US), and Cryogenic Systems Equipment (US). Economic factors such as the increasing number of fixed investments in various technologies of food processing by various individual quick freezing equipment manufacturers and exposure to consumer preference for new taste and flavors are expected to drive this market for the next couple of years in North America.


Leading companies are MAREL (Iceland), JBT (US), GEA (Germany), The Linde Group (Germany), Air Products and Chemicals (US), and Air Liquide (France).


Comments

Post a Comment

Popular posts from this blog

Global Bottled Water Processing Market: Key Trends and Insights by 2028

A recent research report by MarketsandMarkets titled " Bottled Water Processing Market " provides valuable insights into the dynamics of the bottled water industry. The study covers both the bottled water market and the bottled water equipment market, forecasting significant growth in both segments. Here are key highlights from the report: Download PDF Brochure Bottled Water Market Overview: The bottled water market is projected to reach USD 457.1 billion by 2028, exhibiting a CAGR of 8.0% from 2023. This growth is attributed to the rising demand in emerging markets where limited access to safe drinking water is a challenge. The global population increase also contributes to the surge in demand for clean and safe drinking water, emphasizing the pivotal role of bottled water processing in providing accessible hydration solutions. Product Type Insights: The report highlights that still water dominates the market, accounting for the largest share in 2022 in terms of value. This
Read more

Growth Trends and Opportunities in the Global Edible Oils Market

The global edible oils industry is on track to reach USD 268.9 billion by 2027, marking a significant increase from USD 212.6 billion in 2022, with a projected compound annual growth rate (CAGR) of 4.8% between 2022 and 2027. This growth is primarily fueled by the rising global population, coupled with shifts in lifestyle preferences towards processed foods, where edible oils play a crucial role as primary ingredients. Furthermore, ongoing advancements in food processing, including the development of novel products such as confectionery, bakery items, ready-to-eat foods, and fast foods, are driving substantial demand for edible oils. Download PDF Brochure      Soybean oils emerge as the fastest-growing segment in the global edible oils market , anticipated to experience a robust CAGR of 5.4% during the forecast period. With concerns regarding food costs and climate change's impact on food supplies, soy products, particularly soybean oil, are gaining traction. Soybean oil's neu
Read more

Transformative Growth Projected for Global Seed Coating Market: A Comprehensive Overview

In 2023, the global seed coating market , valued at USD 2.0 billion, is positioned for remarkable expansion, anticipated to reach USD 3.1 billion by 2028 with a robust CAGR of 8.5%, as reported by MarketsandMarkets. This agri-tech innovation is reshaping agriculture by enhancing seed germination, seedling vigor, and overall crop yields. Download PDF Brochure Advancements in Liquid Seed Coatings: A Cornerstone of Modern Agriculture Liquid seed coatings, applied across diverse crops such as corn, soybeans, wheat, rice, vegetables, and flowers, are indispensable tools in modern agriculture. Croda International Plc's FS formulations are gaining prominence due to their concentrated nature, water-based composition, and enhanced safety during application, marking a revolutionary shift in seed treatment practices. Cereal and Grains Segment Driving Adoption The cereal and grains segment, emphasized by the Food and Agriculture Organization (FAO), plays a pivotal role in the increasing adopti
Read more