The IQF Fruits and Vegetables Market is expected to develop at a CAGR of 3.6% during the forecast period, reaching a value of USD 165.7 Bn by 2032. The market was valued at USD 116.3 Bn in 2022. According to recently released market analysis data from Future Market Insights, the demand for IQF fruits and vegetables worldwide is expected to increase by 4.5% Y-o-Y in 2022.
Over the years, man has been searching for the best technique that can be used to preserve food items since there are many setbacks attached to the utilization of the ancient method of preservation. The invention of the non-thermal method of food preservation is a significant innovation with no shortcomings associated with its usage. There are a variety of non-thermal preservation techniques available, but the most efficient of them all is the individual quick freezing (IQF) technique.
IQF is a non-thermal food preservation method that doesn’t require the use of any chemical. This technique is used in the preservation of mostly fruits and vegetables. There are many benefits associated with the application of IQF in food preservation. Some of the benefits attributed to it include; extension of shelf-life, maintenance of taste and quality of food products, and many more.
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IQF fruits and vegetable market is slated to experience robust growth over the forecast period due to the rise in awareness regarding the health importance of fruits and vegetables among consumers and growing consumers’ demand for convenience food items. Key players in the frozen food industry employ the individual quick freezing (IQF) technique to improve the quality and output of frozen foods. Besides, consumers’ changing lifestyle is another factor projected to fuel the growth of the IQF fruits and vegetable market during the forecast period.
IQF Fruits and Vegetables Market Driven by Increasing Demand for Food with Longer Shelf-Life
The shelf life of any food product in the food and beverage industry is significant. Consumers are watchful of the quality and taste of food products they consume. The food and beverage industry often uses the IQF technique to preserve food products so as to prevent it from losing tastes and quality before consuming it. In addition to this, the need to preserve fruits and vegetables is very important. These food items need to be stored or preserved in a low-temperature atmosphere in order to prevent them from denaturing or spoiling before they are consumed.
Increasing Consumers’ Demand for Convenience Food
While present-day consumers are involved in a busy lifestyle, the need for convenience food is rising. Consumers find it hard to prepare food after a hectic day since energy is lost. They need to consume food that requires a short time for preparation, such as convenience food and ready-to-eat meal. This has created a surge in demand for convenience food in the global market, and as a result, the IQF fruits and vegetable market is expected to record a tremendous growth since most convenience foods are preserved under low-temperature.
IQF Fruits and Vegetables Market: Region-wise Analysis
Geographically, North America is expected to be the largest market for the global IQF fruits and vegetables market during the forecast period in terms of market revenue and volume. The United States is expected to be the major contributor followed by Canada. Growing demand for exotic fruits juice is projected to be the major factor fostering the growth of the industry in North America. Furthermore, the Asia Pacific is slated to register double-digit CAGR during the forecast period due to the rising in disposable income of consumers and growing consumers’ demand for convenience food and packaged food products.
IQF Fruits and Vegetables Market: Competitive Analysis
- SunOpta Inc
- Fruktana Ltd
- Capricorn Food Products India Ltd.
- Breukers Schamp Foods
- Alasko Foods Inc
- AXUS International LLC
- Rasanco Ltd
- Nimeks Organics
Region-wise Analysis
- North America (U.S., Canada)
- Latin America (Mexico, Brazil)
- Europe (Germany, U.K., France, Italy, Spain, Poland, Russia)
- East Asia (China, Japan, South Korea)
- South Asia (India, Thailand, Malaysia, Vietnam, Indonesia)
- Oceania (Australia, New Zealand)
- Middle East & Africa (GCC Countries, Turkey, Northern Africa, South Africa)
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Report Highlights
The research report presents a comprehensive assessment of market and contains thoughtful insights, facts, historical data, and statistically supported and industry validated market data and projections with suitable set of assumptions and methodology. Research report provides analysis and information by categories such as market segments, geographies, types, technology and applications.
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts, and industry participants across the value chain. The report provides an in-depth analysis of parent market trends, macro-economic indicators, and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
Global IQF Fruits and Vegetables Market Segment Analysis
The global IQF fruits ad vegetable market can be segmented on the following basis:
By Type
- Fruits:
- Berries
- Banana
- Mango
- Apple
- Papaya
- Vegetables:
- Potato
- Tomato
- Broccoli & Cauliflower
- Others
By Category
- Organic
- Conventional
By Application
- Industrial
- Household
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Frequently Asked Questions
- How much worth is the IQF Fruits and Vegetable industry?
- At what CAGR is the market expected to expand through 2032?
- How was the performance of IQF Fruits and Vegetables over the past half-decade?
- What will be the market for Fruit & Vegetable ingredients worth in 2032?
- Which are the top countries driving the IQF Fruits and Vegetable market demand?
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Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization, and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel, and End Use over the next 10 years.
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