Study: Growing demand for perishable foods drives growth in IQF market
The market growth is also driven by the growing consumer demand for perishable food products, convenience foods and high consumption of non-seasonal fruits and vegetables.
The global individual quick-freezing (IQF) market was valued at $14.77 billion in 2016, and is projected to reach $20.82 billion by 2022, at a CAGR of 5.9% during the forecast period, according to a report published by MarketsandMarkets, New York.
The increase use of freeze-dried fruits and vegetables and the application of IQF in other food products are two of the key factors presenting growth opportunities to various market players in regions such as North America and Europe.