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Global IQF Fruits And Vegetables Market By Types (Fruits Which Include Berries, Bananas, Mango, Apple, Papaya, Pineapple, Kiwi And Others And Vegetables Which Include Carrots, Beans, Peas, Corn, Potato, Broccoli, Cauliflower And Others), By Distribution (Retail Outlets, Online Stores And Hypermarkets), By End Users (Hotels/Catering And Food Manufacturers), and by Regional Analysis (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast (2022 – 2027)

Published: January, 2022
ID: 3579
Pages: 185
Formats: report pdf report excel report power bi report ppt

IQF Fruits And Vegetables Market Size, Growth (2022-2027)

The global IQF Fruits and Vegetables Market size was valued at USD 4.88 billion in 2021, and it is predicted that it will reach a USD 6.33 billion by 2027 at a notable CAGR over the conjecture period.

Market Overview:

IQF's fruits and vegetables support a small percentage of total fruit and vegetable consumption. The global IQF fruit and vegetable market has gained significance because of the advantages related to the consumption of fruits and vegetables. Based on the technological advances and benefits of IQF fruits and vegetables, it is easy to reach and inexpensive for customers with strong backing. Rapidly changing life has led to consumer penchant for hygienic and readily available fruit and vegetable products, which has eliminated the hassle of conventional chopping and cleaning and has brought the IQF fruit and vegetable market to a greater extent.

IQF Fruits and Vegetables Market Growth:

Extending shelf life, increasing consumer readiness for technological innovation in healthy foods and packaging will further accelerate the growth of the global IQF fruit and vegetable market.

REPORT COVERAGE:

REPORT METRIC

DETAILS

Market Size Available

2021 – 2027

Base Year

2021

Forecast Period

2022 - 2027

Segments Covered

By Types, Distribution, End User and Region

Various Analyses Covered

Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities

Regions Covered

North America, Europe, APAC, Latin America, Middle East & Africa

Market Leaders Profiled

SunOpta, Fruktana, Capricorn Food Products, Breukers Schamp Foods, Alasko Foods, AXUS International, Rasanco, Nimeks Organics, Ardo, Gelagri Bretagne and Others.

Drivers:

The growing demand from food manufacturers for the long-term preservation of food products for use as ingredients in end products is a major expansion of the global IQF fruit and vegetable market. The increase in the working-class population will continue to contribute significantly to increased sales. IQF fruits and vegetables are stored at low temperatures or in the refrigerator. This technology is ideal for preserving seasonal fruits and vegetables as they are made up of the same nutritional value that they have in a fresh form that supports growth worldwide after freezing. Additionally, it is expected to drive demand for IQF fruits and vegetables worldwide with its easy-to-store and low-price features. Also, demand for the IQF fruit and vegetable market is increasing during the forecast period due to the increasing demand from food manufacturers to preserve food for a long time and use it as raw material for final products. The rise in the intake of frozen fruits and vegetables is supposed to accelerate the expansion of the global IQF fruits and vegetables business. IQF's main fruit and vegetable end-users are hotel, catering and food manufacturers. A major expansion in the IQF fruit market is the growing demand from food manufacturers to maintain food as an ingredient for long-term use in end products. An increase in the working-class population will continue to expand sales in the global IQF fruits and vegetables market. In addition, IQF fruits have important properties that protect them from deterioration during severe transportation, as well as poor exposure. Consumption of products using IQF fruits and ingredients is expected to show well in the global market, with rising GDP and increased consumer health awareness.

The global market demand for IQF vegetables is increasing due to the need to quickly and cumbersome transport of vegetables from procurement points to various distribution channels. Key players in the global IQF fruit and vegetable market are determined to concentrate on the development of innovative promotions and packaging. Individual Quick Freeze (IQF) is a technique for freezing fresh fruits and vegetables at very low temperatures so that fresh fruits and vegetables can be kept for more than a year, and retain the same color, flavor, and texture until they last. Increasing demand for food with a longer shelf life, along with rising need for seasonal fruits and vegetables throughout the year, is expected to support the growth of the global IQF fruit and vegetable market during the calculated period. IQF or Individual Quick Freeze uses a freezing mechanism to maintain the freshness of fruits and vegetables for a long time. The constantly expanding retail industry required the presence of individual quick freeze (IQF), which spurred the growth of the global market. The need for fresh vegetables is primarily felt throughout the food and beverage industry, which is a key factor to consider when measuring the growth dynamics of the global IQF fruits and vegetables market. Furthermore, IQF fruits and vegetables have considerable immune properties, protecting them from decay and exposure to light and heat during active transport.

Restraints:

The global market is seeing obstacles due to fluctuations in prices for fresh fruits and vegetables and high prices for frozen fruits and vegetables.

IQF Fruits and Vegetables Market Segmentation Analysis:

By Types:

  • Fruits

    • Berries
    • Bananas
    • Mango
    • Apple
    • Papaya
    • Pineapple
    • Kiwi
    • Others
  • Vegetables

      • Carrots
      • Beans
      • Peas
      • Corn
      • Potato
      • Broccoli
      • Cauliflower
      • Others

By Distribution:

  • Retail Outlets        
  • Online Stores         
  • Hypermarkets      

By End User:

  • Hotels/Catering   
  • Food Manufacturers          

Geographical Segmentation Analysis:

  • North America - the United States and Canada
  • Europe - United Kingdom, Spain, Germany, Italy, and France
  • The Asia Pacific - India, Japan, China, Australia, Singapore, Malaysia, South Korea, New Zealand, and Southeast Asia
  • Latin America  - Brazil, Argentina, Mexico, and Rest of LATAM
  • The Middle East and Africa - Africa and Middle East (Saudi Arabia, UAE, Lebanon, Jordan, Cyprus)

Regional Analysis:

The global market is geographically separated in North America, Asia Pacific, Europe, and other countries. The North American IQF fruit and vegetable market is subdivided into the United States, Canada, and Mexico. North America is expected to occupy a significant market for IQF's fruits and vegetables market. The United States is expected to be Canada's main source of revenue for the North American IQF fruit and vegetable market. The increased use of exotic fruits is expected to be a major driver of growth in North American market during the forecast period. Additionally, the Asia Pacific region is supposed to occupy a double-digit CAGR during the forecast period. This increase is due to higher disposable income and a higher consumer propensity for more packaged and convenient food products across the area. The IQF fruit and vegetable market in Asia Pacific is divided into India, China, New Zealand, Australia, Japan and other regions. The European IQF fruit and vegetable market is mainly supported by the increasing contribution from nations like Germany, the United Kingdom, France, Spain, Italy and other European countries.

Key Players in the Market:

Major Key Players in the Global IQF Fruits and Vegetables Market are

  • SunOpta                     
  • Fruktana                     
  • Capricorn Food Products                     
  • Breukers Schamp Foods                      
  • Alasko Foods                            
  • AXUS International                
  • Rasanco                      
  • Nimeks Organics                      
  • Ardo                             
  • Gelagri Bretagne                   

 

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FAQ's

What can be the size of the global IQF Fruits And Vegetables market by 2027?

By 2027, it is predicted that the global IQF Fruits And Vegetables market can reach a valuation of US$ 6.33 billion.

What can be the compound annual growth rate of the global IQF Fruits And Vegetables market?

The global IQF Fruits And Vegetables market can expand with a CAGR of xx% during the forecast period.

Mention the major key players in the global IQF Fruits And Vegetables market?

SunOpta, Fruktana, Capricorn Food Products, Breukers Schamp Foods, Alasko Foods, AXUS International, Rasanco, Nimeks Organics, Ardo, Gelagri Bretagne and Others.

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