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Wednesday 21 June 2017

Global IQF Meat and Poultry Market: Recent Advancements in Flexible Packaging for Frozen Food to Create Exciting Opportunities, notes TMR

The growing demand for modern and flexible preservation technologies in the food processing industry has led to evolution of the individual quick freezing (IQF) market for meat and poultry. In a report penned by Transparency Market Research (TMR), titled “IQF Meat and Poultry Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016–2024”, the burgeoning demand for frozen meat and poultry in emerging and developed nations has paved the way for large investments in freezing technologies, thereby boosting the market. The research offers comprehensive assessment of key factors and trends influencing the dynamics of the IQF meat and poultry market. The study provides an elaborate account of key drivers and restraints, emerging opportunities, major advancements, recent developments in packaging technology, and competitive landscape.

The growing demand for packaged meat and poultry with longer shelf-life is a key factor driving the IQF meat and poultry market. The advent of individual quick freezing technology helps in the quick freezing of individual pieces of food products as compared to bulk freezing. Meat and poultry products are increasingly prone to infection by salmonella, E. coli, and listeria, which causes degradation in taste and flavor. This has propelled the demand for advanced freezing technologies.

This has fueled the popularity of IQF technology as compared to block freezing. The application of premium quality plastic bags and containers to be used in IQF to prevent rancidity is expected to catalyze the IQF meat and poultry market. The use of carbon dioxide (CO2) or liquid nitrogen (N2) helps in maintaining temperatures as low as - 40°C. The convenience of freezing minced meat and sticky marinated meat over long durations is expected to fuel the IQF meat and poultry market.

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Constant improvements in various technologies used in IQF is a key factor accentuating the market. Perforated bed plates and mono-block designs in IQF freezers are some of the recent innovations expected to catalyze the market growth. Recent enhancement in the storage equipment has allowed for better cleaning and disinfection of meat and poultry products, thereby accentuating the IQF meat and poultry market.

Geographically, North America is one of the prominent markets for IQF meat and poultry, with the major demand coming from the U.S. and Canada. The substantial uptake of the IQF technologies for meat and poultry is driven by marked advancements in freezing methods such as cryogenic freezing. Furthermore, the rising preference of consumers toward packaged and convenience meat products is boosting the regional market. Meanwhile, Asia Pacific is expected to offer abundant opportunities for market players to capitalize on in the coming years. The impressive growth in this regional market is driven by the rapidly growing demand for packaged food products and substantial advancements in cold-storage infrastructure.

Several companies are offering advanced and automated freezing technologies that reduce transportation cost, preserve food quality, and help producers of meat and poultry to cover new markets. Major companies vying for a significant share in the IQF meat and poultry market include Unitemps, Kühne + Heitz, Findus Group, Alm Group, Waltloo Meat & Chicken, Pinnacle Foods, Inc., Forrester (Sales) Ltd, and The Linde Group.

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