Global
IQF Meat and Poultry Market: Overview
Individual
quick freezing (IQF) is one of the major technology used to keep
variety of fruits, vegetables, meat, poultry and sea food products
fresh for longer duration and to streamline the supply chain of these
with rare chances of loss or damage to the stored products. IQF is a
process to freeze meat and poultry products at -30°C to - 40°C
temperature which preserves meat and poultry products for longer
duration, sometimes even a year, while maintaining the major
attributes such as taste, colours, flavours and texture till it
reaches at consumption point. IQF meat and poultry products are
stored in extreme low temperature or in advance refrigerators. IQF
technology is ideal for preserving meat and poultry as it prevents
the development of microorganisms responsible for staleness and bad
odour from the products IQF meat and poultry products are expected to
have same nutritional value and quality after freezing as it possess
when the products are fresh, and this a major factor which is
supporting the growth of IQF meat and poultry products worldwide.
With the development of basic infrastructure in various developing
countries, and easy availability of storage space and economical
prices is expected to drive the demand of IQF meat and poultry across
the globe.
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Global
IQF Meat and Poultry Market: Segmentation
IQF
meat and poultry market is segmented on the basis of product types,
end-user and regions. On the basis of product type, IQF meat and
poultry market can be segmented in IQF meat products and IQF poultry
products. IQF meat products is further sub-segment as cooked meat,
raw/minced meat/marinated meat and others (beef, lamb and horse
meat). IQF poultry product is further sub-segment as chicken breast,
steaks, chicken fillets, duck breast. Among meat products marinated
meats needs more care while freezing due stickiness of the product.
Among poultry products chicken breast expected to be dominant in
terms of revenue contribution followed by chicken fillets and steaks.
As new category of ready to eat meat and poultry products is emerging
which is a mix of meat and poultry products, with vegetables coatings
and required different variety of packaging during storage.
IQF
meat and poultry is segmented on the basis of end-user includes food
service including hotel/restaurant/catering, food manufacturers and
retail. Among all these end-user segment food manufacturers is
expected to be dominant contributor in terms of revenue in the IQF
meat and poultry market.
Global
IQF Meat and Poultry Market: Regional Outlook
Global
IQF meat and poultry market can also be segmented on the basis of
regions, viz. North America, Latin America, Western and Eastern
Europe, Asia Pacific and Middle East and Africa. Among all the
regions North America is expected to dominate the market for IQF meat
and poultry in terms of volume consumption and value. The U.S. is
expected to contribute highest revenue in the IQF
meat and poultry market followed by Canada. Market in Asia
Pacific is expected to grow with the growing focus of infrastructure
development and increasing number of cold storages in Indian
sub-continent. Increased usage on-the go food products is expected to
drive the growth of IQF meat and poultry in North America region.
This growth is also due to increased disposable income and rising
preference of the consumer towards packaged and convenience food
product across the region.
Global
IQF Meat and Poultry Market: Drivers
Increasing
demand for frozen meat and poultry products by end consumer is
expected to support the growth of IQF meat and poultry through
super/hypermarket and other outlets. Rising demand of food products
with longer shelf life coupled with the increasing demand for
packaged meat and poultry across the year is expected to support the
growth of IQF meat and poultry market during the forecast period.
Increased demands for prepared food is ultimately driving the IQF
meat and poultry market.
Global
IQF Meat and Poultry Market: Key Players
Some of the major player in IQF meat and poultry product market, across the value chain are, The Linde Group, Forrester (Sales) Ltd, Pinnacle Foods, Waltloo Meat & Chicken, Brecon Foods Inc., Findus Group, Kühne + Heitz, Unitemp, La Senda Frozen Foods, and Alm Group among the others.
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