The North America IQF Fruits and Vegetables Market was worth USD 3.39 billion in 2021 and estimated to be growing at a CAGR of 5%, to reach USD 4.33 billion by 2026.
Individual quick freezing (IQF) is a technology through which fresh fruits and vegetables are freeze at very low temperature (-30°C to - 40°C). This process enables to preserve fresh fruits and vegetables for a longer period of time even more than a year maintaining the same colour, flavour, and texture till it lasts. IQF fruits and vegetables are stored at low temperature or in the refrigerator. IQF technology is ideal for preserving seasonal fruits and vegetables. IQF fruits and vegetables comprise same nutritional value after freezing as it possesses in a fresh form which is supporting its growth worldwide. Also, easy storage properties and availability at a low price are expected to drive the demand for IQF fruits and vegetables across the globe.
The frozen fruits and vegetables market in the world contributes a meager percentage to the total consumption of fruits and vegetables. In the developed markets like North America and the US, frozen vegetables are 10% to the total vegetable consumption. In the underdeveloped and developing markets, its share is much lower. However, in the recent years, this category has gained importance due to some basic advantages it offers in comparison to fresh fruits and vegetables. With a strong back up from the technological innovations, the advantages of frozen fruits and vegetables have made it much more reachable and affordable to the consumers around the globe.
The major factors affecting the North America IQF Fruits and Vegetables Market include the fast-paced modern lifestyles that have led consumers to look for easy and hygienic fruit products that eliminate the conventional hassles of cleaning and chopping fresh fruits. Other factors include growing inclination towards healthy food, technological advancements in packaging and longer shelf life. Moreover, increasing demand for food manufacturers for preserving food product for a longer period so that they could use it as an ingredient in their final product is also fuelling the demand of IQF fruits and vegetables market during the forecast period. As for the restraints, there are none except for the slight difficulty in manufacture.
The North America IQF Fruits and Vegetables market is broadly classified by Type into 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 into Retail Outlets, Online Stores and Hypermarkets and based on End Users Hotels/Catering and Food Manufacturers.
Geographically the North America IQF Fruits And Vegetables Market is segmented into US, Canada and Rest of North America. The North American market has the largest market share globally in spite of the having a low growth rate in recent years. This is expected as the scope for development in the region is quite low and the entrant of new players into the market is not encouraged by the presence of major market players native to the region.
Key Players in the Market:
Major Key Players in the North America IQF Fruits And Vegetables Market are
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