The global IQF Meat and Poultry Market is estimated to reach USD 77.97 billion by 2030 with a CAGR of 6.3% during the forecast period, 2022-2030. It was valued at USD 28.24 billion in 2022.
Increasing demand for the products with the enlarged shelf life, also the climbing demand for meat and poultry products, rising adoption of IQF meat and poultry products in food manufacture, hostels, restaurants, retail end users are the major factors restoring the growth of the global IQF Meat and Poultry market. Furthermore, the industries and producers involved in the Individual quick-freezing meat and poultry market are focused on launching improved technologies that are expected to create growth opportunities for the individual quick-freezing meat and poultry market during the forecast period.
Individual quick freezing (IQF) is a method for keeping a wide variety of poultry, meat, fruits, vegetables, and seafood products fresh for longer shelf life while streamlining the supply chain and reducing the risk of product damage or loss. Individual fast freezing IQF is a method of freezing meat and poultry products at temperatures ranging from -30°C to -40°C, Individual quick freezing (IQF) technology is suitable for protective meat and poultry since it prevents the growth of microorganisms that cause staleness and bad odor. The nutritional value and consistency of Individual quick-freezing meat and poultry products are expected to be the same after freezing as they are fresh, which is a major factor driving the global growth of IQF meat and poultry products.
Growing demand for food items with higher shelf life coupled with the growing demand for packaged meat and poultry is anticipated to support the growth of the Individual quick-freezing meat and poultry market during the forecast period. The rising availability of non-seasonal food products affects the individual fast freezing market. The end-users growing demand for frozen poultry and meat products is expected to support the growth of Individual quick freezing (IQF) meat and poultry through supermarket/hypermarkets and other outlets. Increased demands for prepared food are ultimately driving the IQF meat and poultry market.
IQF Meat and Poultry are free from preservatives that boost their demand around the globe. Increasing packaged and shifting lifestyles are factors driving the packed food industry, boosting the growth of the individual fast freezing market and rising purchasing power parity. Consumers are willing to pay for individual fast freezing products. Growing in the logistic sector across emerging counties coupled with the increasing per capita income of the populations is projected to serve major growth opportunities. The government’s strict rules and regulations for falling the use of artificial ingredients in nutrition are expected to serve lucrative opportunities for the market.
Lack of adequate infrastructures, such as warehouses, electricity, and poor roads in developing countries, is a major challenge for IQF meat and poultry market growth. The high energy and transportation costs associated with frozen nutrition technology are expected to hinder the growth of the IQF meat and poultry market as they require special conditions such as equipment, etc. Additionally, a shortage of retail cold chain stores in developing countries is expected to limit the market’s growth further. Environmental concerns about greenhouse gas emissions are restraining global IQF market growth.
In the pre-covid era, the individual quick-freezing meat and poultry market grew due to the rising consumer preference for longer shelf-life. Technological inventions in packaging will also fuel the expansion of the IQF meat and poultry market. Increasing demand from food producers to preserve food products for an extended period of your time. Growing consumer demand for ready-to-eat meals across the globe is propelling the individual quick freezing (IQF) industry, and the increasing availability of food product commodities was a strong influence on the individual quick freezing (IQF) business.
The coronavirus will affect the global availability of Individual quick-freezing products, and the COVID-19 epidemic has been unprecedented in variations in the global sales of food products due to consumer purchase patterns. Growing wholesale purchasing and storing trends have led to certain foods being in very limited supply, which has led to price fluctuations in the global IQF product market. This scenario is expected to hamper the growth rate of the market. Moreover, due to the COVID-19 pandemic, the market for End-User of IQF Meat and Poultry has been most affected. The demand for IQF Meat and Poultry product is expected to drop significantly due to the pandemic.
The food business is set to practice a few changes in post-pandemic due to the increased consciousness of consumers in choosing food. This inclination towards sustainable, plant-based food, regenerative and demand for foods and beverages with immunity-enhancing ingredients drives the demand for these products and their constituents. The self-service trend has taken a big hit in the Corona era and is expected to continue during the forecast period. Given the rapidly changing market environment, companies are changing their minds beyond traditional markets. In addition to focusing on expanding applications and introducing new product portfolios, most food and beverage companies plan to target domestic and international markets. A rapid economic recovery in developing countries leading to increased disposable income will support the IQF meat and poultry market demand during the forecast period.
Based on the Product Type, the global IQF Meat and Poultry market is segmented into IQF Meat Product, IQF Poultry Product, and Other. The IQF Meat and Poultry market segment captured the largest market share in 2021 and is likely to grow critically during the forecast period, 2022-2030. The segmental growth is due to the Increasing occurrences of diabetes and new product launches. IQF meat products are further sub-segment as cooked meat, raw/minced meat/marinated meat others (beef, lamb and horse meat) IQF poultry products are further sub-segment as chicken breast, steaks, chicken fillets, duck breast. Among meat products, marinated meats need more care while freezing due stickiness of the product.
Based on the Distribution Channel, the global IQF Meat and Poultry market is categorized into Convenience stores, Hypermarkets/Supermarkets, E-Commerce Platforms, and Others. The Hypermarkets/Supermarkets segment holds the largest market share in 2021 and is likely to grow significantly during the forecast period, 2022-2030. The segment’s growth is attributed to the wide variety of products available. The convenience of real-time product comparison for customers is the key reason for hypermarkets/supermarkets’ popularity in the IQF meat and poultry market.
Based on the End-User, the global IQF Meat and Poultry market is segregated into Food Manufactures, Hostel, Restaurant, Retail, Others. The Retail segment captured the largest market share in 2021 and is likely to generate maximum profit during the forecast period, 2022-2030. The growth of the retail segment is attributed to the increasing infrastructure in several developing nations and the easy availability of storage space and affordable prices. Demand for IQF meat and poultry is projected to rise globally in the retail segment.
The global individual quick-freezing Meat and Poultry market is characterized by North America, Europe, Asia Pacific, South America, and Middle East & Africa. North America has the largest market in 2021 and is estimated to grow significantly during the forecast period, 2022-2030. This growth is concerned with the growing use of IQF technology to preserve packaged foods and the region’s high consumption of packaged foods, including frozen food products. The U.S. is likely to contribute the highest revenue in the IQF meat and poultry market, followed by Canada.
Companies include ALM Group LLC, Brecon Foods Inc, Findus Group, Forrester (Sales) Ltd, Inventure Food, Kuhne-Heitz, La Senda Frozen Food, Pinnacle Foods, The Linde Group, Uren Food Group Ltd., Waltloo Meat & Chicken, Others Prominent Players in the global IQF Meat and Poultry market.
Key Stakeholders
| Report Attribute | Details |
|---|---|
| Market Size Value in 2020 | USD 18.24 Billion |
| The revenue forecast in 2027 | USD 27.9742 Billion |
| Growth Rate | CAGR of 6.3% from 2020 to 2027. |
| Historical data | 2017-2019 |
| Forecast period | 2021 – 2027 |
| Region covered | North America, Europe, Asia-Pacific, South America, and Middle East & Africa |
| Key companies Profiled | ALM Group LLC, Brecon Foods Inc, Findus Group, Forrester (Sales) Ltd, Inventure Food, Kuhne-Heitz, La Senda Frozen Food, Pinnacle Foods, The Linde Group, Uren Food Group Ltd., Waltloo Meat & Chicken, Others Prominent Players. |
By Product Type
By Distribution Channel
By End-User
By Region
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1.1. Market Modelling
1.2. Product Analysis
1.3. Market Trend and Economic Factors Analysis
1.4. Market Segmental Analysis
1.5. Geographical Mapping
1.6. Country Wise Segregation
2.1. Identification of Target Market
2.2. Data Acquisition
2.3. Refining of Data/ Data Transformations
2.4. Data Validation through Primary Techniques
2.5. Exploratory Data Analysis
2.6. Graphical Techniques/Analysis
2.7. Quantitative Techniques/Analysis
2.8. Visual Result/Presentation
4.1. Supply Chain Analysis
4.2. Economic Factor Analysis
4.2.1. Drivers
4.2.2. Trends
4.2.3. Opportunities
4.2.4. Challenges
4.3. Technological Landscape
4.4. Competitors & Product Analysis
4.5. Regulatory Framework
4.6. Company market share analysis, 2022
4.7. Porter’s Five forces analysis
4.8. Price point analysis
4.9. New Investment Analysis
4.10. PESTEL Analysis
4.11. Impact of Covid-19
5.1. Market Size & Forecast,2017-2030
5.1.1. Demand
5.1.1.1. By Value (USD Billion)
5.2. Market Share & Forecast, 2017-2030
5.2.1. By Product Type
5.2.1.1. IQF Meat Product
5.2.1.2. IQF Poultry Product
5.2.1.3. Other
5.2.2. By Distribution Channel
5.2.2.1. Convenience Store
5.2.2.2. Hypermarket & Supermarket
5.2.2.3. E-Commerce Platform
5.2.2.4. Others
5.2.3. By End-User
5.2.3.1. Food Manufactures
5.2.3.2. Hostel
5.2.3.3. Restaurant
5.2.3.4. Retail
5.2.3.5. Others
5.2.4. By Region
5.2.4.1. North America
5.2.4.2. Europe
5.2.4.3. Asia-Pacific
5.2.4.4. South America
5.2.4.5. The Middle East & Africa
6.1. North America IQF Meat and Poultry Market Size & Forecast,2017-2030
6.1.1. Demand
6.1.1.1. By Value (USD Billion)
6.2. Market Share & Forecast, 2017-2030
6.2.1. By Product Type
6.2.1.1. IQF Meat Product
6.2.1.2. IQF Poultry Product
6.2.1.3. Other
6.2.2. By Distribution Channel
6.2.2.1. Convenience Store
6.2.2.2. Hypermarket & Supermarket
6.2.2.3. E-Commerce Platform
6.2.2.4. Others
6.2.3. By End-User
6.2.3.1. Food Manufactures
6.2.3.2. Hostel
6.2.3.3. Restaurant
6.2.3.4. Retail
6.2.3.5. Others
6.2.4. By Country
6.2.4.1. US
6.2.4.2. Canada
6.2.4.3. Mexico
6.2.5. Company Market Share (Top 3-5)
6.2.6. Economic Impact Study on North America IQF Meat and Poultry Market
7.1. Europe IQF Meat and Poultry Market Size & Forecast,2017-2030
7.1.1. Demand
7.1.1.1. By Value (USD Billion)
7.2. Market Share & Forecast, 2017-2030
7.2.1. By Product Type
7.2.1.1. IQF Meat Product
7.2.1.2. IQF Poultry Product
7.2.1.3. Other
7.2.2. By Distribution Channel
7.2.2.1. Convenience Store
7.2.2.2. Hypermarket & Supermarket
7.2.2.3. E-Commerce Platform
7.2.2.4. Others
7.2.3. By End-User
7.2.3.1. Food Manufactures
7.2.3.2. Hostel
7.2.3.3. Restaurant
7.2.3.4. Retail
7.2.3.5. Others
7.2.4. By Country
7.2.4.1. Germany
7.2.4.2. UK
7.2.4.3. France
7.2.4.4. Italy
7.2.4.5. Rest of Europe
7.2.5. Company Market Share (Top 3-5)
7.2.6. Economic Impact Study on Europe IQF Meat and Poultry Market
8.1. Asia-Pacific IQF Meat and Poultry Market Size & Forecast,2017-2030
8.1.1. Demand
8.1.1.1. By Value (USD Billion)
8.2. Market Share & Forecast, 2017-2030
8.2.1. By Product Type
8.2.1.1. IQF Meat Product
8.2.1.2. IQF Poultry Product
8.2.1.3. Other
8.2.2. By Distribution Channel
8.2.2.1. Convenience Store
8.2.2.2. Hypermarket & Supermarket
8.2.2.3. E-Commerce Platform
8.2.2.4. Others
8.2.3. By End-User
8.2.3.1. Food Manufactures
8.2.3.2. Hostel
8.2.3.3. Restaurant
8.2.3.4. Retail
8.2.3.5. Others
8.2.4. By Country
8.2.4.1. India
8.2.4.2. Japan
8.2.4.3. Australia
8.2.4.4. Rest of Asia Pacific
8.2.5. Company Market Share (Top 3-5)
8.2.6. Economic Impact Study on Asia Pacific IQF Meat and Poultry Market
9.1. South America IQF Meat and Poultry Market Size & Forecast,2017-2030
9.1.1. Demand
9.1.1.1. By Value (USD Billion)
9.2. Market Share & Forecast, 2017-2030
9.2.1. By Product Type
9.2.1.1. IQF Meat Product
9.2.1.2. IQF Poultry Product
9.2.1.3. Other
9.2.2. By Distribution Channel
9.2.2.1. Convenience Store
9.2.2.2. Hypermarket & Supermarket
9.2.2.3. E-Commerce Platform
9.2.2.4. Others
9.2.3. By End-User
9.2.3.1. Food Manufactures
9.2.3.2. Hostel
9.2.3.3. Restaurant
9.2.3.4. Retail
9.2.3.5. Others
9.2.4. By Country
9.2.4.1. Brazil
9.2.4.2. Argentina
9.2.4.3. Rest of South America
9.2.5. Company Market Share (Top 3-5)
9.2.6. Economic Impact Study on South America IQF Meat and Poultry Market
10.1. The Middle East & Africa IQF Meat and Poultry Market Size & Forecast,2017-2030
10.1.1. Demand
10.1.1.1. By Value (USD Billion)
10.2. Market Share & Forecast, 2017-2030
10.2.1. By Product Type
10.2.1.1. IQF Meat Product
10.2.1.2. IQF Poultry Product
10.2.1.3. Other
10.2.2. By Distribution Channel
10.2.2.1. Convenience Store
10.2.2.2. Hypermarket & Supermarket
10.2.2.3. E-Commerce Platform
10.2.2.4. Others
10.2.3. By End-User
10.2.3.1. Food Manufactures
10.2.3.2. Hostel
10.2.3.3. Restaurant
10.2.3.4. Retail
10.2.3.5. Others
10.2.4. By Country
10.2.4.1. Saudi Arabia
10.2.4.2. UAE
10.2.4.3. South Africa
10.2.4.4. Rest of the Middle East & Africa
10.2.5. Company Market Share (Top 3-5)
10.2.6. Economic Impact Study on Middle East & Africa IQF Meat and Poultry Market
11.1. Company Description
11.2. Financial Analysis
11.3. Key Products
11.4. Key Management Personnel
11.5. Contact Address
11.6. SWOT Analysis
11.7. Company Profile
11.7.1. ALM Group LLC
11.7.2. Brecon Foods Inc
11.7.3. Findus Group
11.7.4. Forrester (Sales) Ltd
11.7.5. Inventure Food
11.7.6. Kuhne-Heitz
11.7.7. La Senda Frozen Food
11.7.8. Pinnacle Foods
11.7.9. The Linde Group
11.7.10. Uren Food Group Ltd.
11.7.11. Waltloo Meat & Chicken
11.7.12. Other Prominent Players
Individual quick freezing (IQF) is a method for keeping a wide variety of poultry, meat, fruits, vegetables, and seafood products fresh for longer shelf life while streamlining the supply chain and reducing the risk of product damage or loss.
The global IQF Meat and Poultry Market is estimated to reach USD 77.97 billion by 2030 with a CAGR of 6.3% during the forecast period, 2022-2030. It was valued at USD 28.24 billion in 2022.
Growing demand for food items with higher shelf life coupled with the growing demand for packaged meat and poultry is anticipated to support the growth of the Individual quick-freezing meat and poultry market.
The coronavirus will affect the global availability of Individual quick-freezing products, and the COVID-19 epidemic has been unprecedented in variations in the global sales of food products due to consumer purchase patterns.
North America captured the largest market share in 2021 and is estimated to grow significantly during the forecast period, 2022-2030.
Companies include ALM Group LLC, Brecon Foods Inc, Findus Group, Forrester (Sales) Ltd, Inventure Food, Kuhne-Heitz, La Senda Frozen Food, Pinnacle Foods, The Linde Group, Uren Food Group Ltd., Waltloo Meat & Chicken, Others Prominent Players in the global IQF Meat and Poultry market.
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