(Food-Beverage-News.Com, May 25, 2018 ) Individual Quick Freezing usually abbreviated IQF is a freezing method used in food processing industry. Products commonly frozen with IQF technologies are typically smaller pieces of food products and can range from all types of berries, fruits and vegetables diced or sliced, seafood such as shrimps and small fish, meat, poultry and even pasta, cheese and grains. Products that have been subjected to IQF are referred to as Individually Quick Frozen or IQF'd.
The Global IQF Fruits and Vegetables Market was worth USD 8.5 billion in 2016 and estimated to be growing at a CAGR of 5.34%, to reach USD 11.03 billion by 2021. The global market is projected to witness a very high CAGR thanks to the presence of developing countries of the region that provide the demand for exotic fruits is on the increase.
Drivers and Restraints: The increasing preference toward frozen fruits from fresh fruits thanks to lesser price and a lot of storage life directly interprets into market demand. Among the frozen fruits as well, the IQF fruits are forecast to experience a high rate of growth throughout the forecast period, on account of their larger shelf life and also the barring of lumping in fibrous fruits. The increasing demand for frozen fruits and growing proportion of working women population are the topmost driving factors behind the market growth.
With the increasing marketplace for e-commerce, the web-based Markets are forecast to grow at a high rate of growth within the forecast time period. The enlargement of assorted supermarket brands into untapped markets is anticipated to push the market growth. The Confectionary and bake houses section of the market occupied the place of the highest market share contributor in the regional markets. This can be as a result of the big demand for baked merchandise across the region. Thanks to the enhanced usage in desserts and confectionaries, the red fruits and berries section of the frozen fruits leads this segmentation in terms of market share. It accounts for well above 50% of the overall global market share.
Geographical Segmentation: Based on geography, the global market is analyzed under various regions namely North America, Europe, Asia-Pacific, Latin America and the Middle East and Africa. The IQF Fruits and Vegetables Market is dominated by North America in 2016 with the region accounting for 36% of the overall market share. North America was followed next in line by Europe and Asia-Pacific.
The leading market players in the current market include Jain Irrigation Systems Ltd., Lindsay Corporation, Nelson Irrigation Corporation, The Toro Company, EPC Industries Limited, Valmont Industries Inc., and T-L Irrigation.
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