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Individual Quick Freezing (IQF) - Global Market Trajectory & Analytics

  • ID: 4805489
  • Report
  • April 2021
  • Region: Global
  • 374 pages
  • Global Industry Analysts, Inc
Global Individual Quick Freezing (IQF) Market to Reach $23.5 Billion by 2027

Amid the COVID-19 crisis, the global market for Individual Quick Freezing (IQF) estimated at US$17 Billion in the year 2020, is projected to reach a revised size of US$23.5 Billion by 2027, growing at a CAGR of 4.8% over the analysis period 2020-2027. Spiral Freezer, one of the segments analyzed in the report, is projected to record a 5% CAGR and reach US$8.5 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Tunnel Freezer segment is readjusted to a revised 5% CAGR for the next 7-year period.

The U.S. Market is Estimated at $4.6 Billion, While China is Forecast to Grow at 7.3% CAGR

The Individual Quick Freezing (IQF) market in the U.S. is estimated at US$4.6 Billion in the year 2020. China, the world's second largest economy, is forecast to reach a projected market size of US$4.8 Billion by the year 2027 trailing a CAGR of 7.3% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.6% and 4.3% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 2.9% CAGR.

Box Freezer Segment to Record 4.5% CAGR

In the global Box Freezer segment, USA, Canada, Japan, China and Europe will drive the 4.1% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$2.9 Billion in the year 2020 will reach a projected size of US$3.9 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$3.1 Billion by the year 2027, while Latin America will expand at a 5.5% CAGR through the analysis period.

Select Competitors (Total 41 Featured):
  • Air Liquide SA
  • Air Products And Chemicals, Inc.
  • Cryogenic Systems Equipment
  • GEA Group AG
  • JBT Corporation
  • Linde AG
  • Marel
  • Messer Group GmbH
  • Octofrost Group
  • PATKOL Plc.
  • Scanico A/S
  • Starfrost
Note: Product cover images may vary from those shown

  • Influencer Market Insights
  • World Market Trajectories
  • IQF: The Future of Food Preservation
  • Rising Consumer Awareness Fuels Demand for IQF Fruits and Vegetables
  • Increasing Demand for Herbs Spurring the Use of IQF Technology
  • Cryoline CW (CRYOWAVE) and OctoFrost™ IQF - Advancements in IQF Technology
  • Impact of Covid-19 and a Looming Global Recession
  • Active Players in United States
  • Active Players in France
  • Active Players in Germany
  • Active Players in United Kingdom
  • Total Companies Profiled: 41
Note: Product cover images may vary from those shown