AVCaptureDevice Camera Zoom

Many have tried to do this by setting the transform property on the layer to CGAffineTransformMakeScale(gesture.scale.x, gesture.scale.y); See here for a full fledged implementation of pinch-to-zoom.

The accepted answer is actually outdated and I'm not sure it will actually take the photo of the zoomed in image. There is a method to zoom in like bcattle answer says. The problem of his answer is that it does not take in charge the fact that the user can zoom in and then restart from that zoom position. His solution will create some kind of jumps that are not really elegant.

The easiest and most elegant way of doing this is to use the velocity of the pinch gesture.

-(void) handlePinchToZoomRecognizer:(UIPinchGestureRecognizer*)pinchRecognizer {
    const CGFloat pinchVelocityDividerFactor = 5.0f;

    if (pinchRecognizer.state == UIGestureRecognizerStateChanged) {
        NSError *error = nil;
        if ([videoDevice lockForConfiguration:&error]) {
            CGFloat desiredZoomFactor = device.videoZoomFactor + atan2f(pinchRecognizer.velocity, pinchVelocityDividerFactor);
            // Check if desiredZoomFactor fits required range from 1.0 to activeFormat.videoMaxZoomFactor
            device.videoZoomFactor = MAX(1.0, MIN(desiredZoomFactor, device.activeFormat.videoMaxZoomFactor));
            [videoDevice unlockForConfiguration];
        } else {
            NSLog(@"error: %@", error);
        }
    }
}

I found that adding the arctan function to the velocity will ease the zoom in zoom out effect a bit. It is not exactly perfect but the effect is good enough for the needs. There could probably be another function to ease the zoom out when it almost reaches 1.

NOTE: Also, the scale of a pinch gesture goes from 0 to infinite with 0 to 1 being pinching in (zoom out) and 1 to infinite being pinching out (zoom in). To get a good zoom in zoom out effect with this you'd need to have a math equation. Velocity is actually from -infinite to infinite with 0 being the starting point.

EDIT: Fixed crash on range exception. Thanks to @garafajon!