Global IQF Meat and Poultry Market to Surge at 6.3% CAGR, which is anticipated to reach USD 29.73 billion by 2030

CRI Report has released a report titled “IQF Meat and Poultry Market – Analysis of Market Size, Share & Trends for 2019 – 2020 and Forecasts to 2030” which is anticipated to reach USD 29.73 billion by 2030. According to a study by CRI Report, the market is anticipated to portray a CAGR of 6.3% between 2020 and 2030. According to the report, this growth is anticipated due to increasing mergers and acquisitions across various sectors which will create a worldwide demand for IQF Meat and Poultry. With the growth of basic infrastructure in various developing countries, as well as the easy availability of storage space and affordable prices, demand for IQF meat and poultry is expected to grow globally.

The market report on global IQF Meat and Poultry Market includes in-depth insights as:

• The estimated value of the market was USD 18.38 billion in the year 2020.
• Global IQF Meat and Poultry in North America held the largest market share in the year 2020.
• Global IQF Meat and Poultry market is segmented by application into Hotel, Restaurant, Food Manufacturers, Retail, Others.
• Global IQF Meat and Poultry market is segmented by distribution channel into Convenience stores, Hypermarkets & supermarkets, E-commerce platforms, and other
• Key players are likely to focus on product innovations and expansion through mergers to retain their positions in developed markets.

“Rising packaged food consumption and shifting lifestyles are two major factors driving the packed food industry, which will bolster the growth of the individual fast freezing market over the forecast period. With rising purchasing power parity (PPP), customers are willing to pay a higher price for non-seasonal fruits and vegetables that have a longer shelf life and have more nutritional value. With the growth of basic infrastructure in various developing countries, as well as the easy availability of storage space and affordable prices, demand for IQF meat and poultry is expected to grow globally”, said a lead analyst at CRI Report.

Individual fast freezing (IQF) is a popular method for keeping a wide range of fruits, vegetables, meat, poultry, and seafood products fresh for longer periods of time while also streamlining the supply chain and reducing the risk of product loss or injury. IQF is a method of freezing meat and poultry products at temperatures ranging from -30°C to -40°C, which preserves them for longer periods of time, often even a year, while preserving key characteristics such as taste, color, flavor, and texture before they are consumed. IQF meat and poultry products are kept at extremely low temperatures or in refrigerators ahead of time. The IQF technology is suitable for preserving meat and poultry because it prevents the growth of microorganisms that cause staleness and bad odor. The nutritional value and consistency of IQF meat and poultry products are expected to be the same after freezing as they are when they are fresh, which is a major factor driving the global growth of IQF meat and poultry products.

Global IQF Meat and Poultry market is segmented by distribution channel into Convenience stores, Hypermarkets & supermarkets, E-commerce platforms, and others. Hypermarkets &supermarkets segment held the largest market share in the year 2020. During the forecast period, it is predicted to be the largest and fastest-growing market. The wide variety of products available and the convenience of real-time brand comparison for customers are the primary reasons for hypermarkets and supermarkets’ popularity in this market.

Key Players in the Market

• Some of the key players operating in the global IQF Meat and Poultry Market are Alm Group, The Linde Group, Forrester Ltd, Pinnacle Foods, Waltloo Meat & Chicken, La Senda Frozen Foods, Brecon Foods Inc., Findus Group, Kühne + Heitz, Unitemp and Other Prominent Players

Get Valuable Insights into Global IQF Meat and Poultry Market

In the new report, CRI Report thrives to present an unbiased analysis of the global IQF Meat and Poultry Market that covers the historical demand data as well as the forecast figures for the period, i.e., 2021-2030. The study includes compelling insights into growth that is witnessed in the market. Global IQF Meat and Poultry market is segmented by application into Hotel, Restaurant, Food Manufacturers, Retail, Others. Global IQF Meat and Poultry market is segmented by distribution channel into Convenience stores, Hypermarkets & supermarkets, E-commerce platforms, and others. Geographically, the market is segmented into North America, Latin America, Europe, Asia Pacific, and Middle East, and Africa.