Individual quick freezing (IQF) is a technology which involves freezing fruits or vegetables at temperatures as low as – 40°C, while keeping its flavor, shape and color. It is an ever growing market with no sign of stopping as demand keeps growing for longer shelf-lives and consumers growing expectations for seasonal fruits year round.
In a recent forecast on the technology, North America was seen as largest growing market for revenue, followed by Canada. The forecast shows a huge growth in Asian markets as well as disposable incomes rise, driving consumers to more varied food products. The forecast split the market into the different products which are frozen, whether it is strawberries, bananas, apples, mangoes or papayas, and various vegetables, to name a few popular examples.
Out of all these sub-sections, berries are predicted to create the most revenue. This is due to the popularity of the frozen berries in various desserts and bakery products around the world. On the less sweet side, the vegetables, peas especially, are expected to dominate the other sub-sections in terms of revenue, followed by carrots and beans in the forecast.