The global market for IQF vegetables is expected to reach up to US$ 1.68 billion in 2022. The IQF vegetable sector is rapidly expanding as a result of changes in lifestyle and eating habits, as well as the expansion of several big retail chains. Thus, it is expected to produce US$ 2.81 billion by 2023, with a CAGR of 4.8% from 2023 to 2033.
The independently fast frozen (IQF) vegetable market is conjecture to display consistent development, with its general valuation arriving at US$ 1,560.1 Mn in 2021. According to Future Market Insights (FMI) investigation, IQF vegetable deals are relied upon to flood at 4.5% CAGR throughout the evaluation time frame, from 2021 to 2031.
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Key Players: B&G Foods Holdings Corp., Capricorn Food Products India Ltd, ConAgra Foods, Inc, Dole Food Co., Greenyard NV, J.R. Simplot Co., Kerry Group Plc., Pinnacle Foods, Inc., SunOpta Inc., Uren Food Group Limited, and other.
Key Takeaways from the IQF Vegetable Market Study
- The U.K and Germany have been figure to hold 38.2% offer in the Europe market in 2021.
- GCC nations are relied upon to observe the most elevated Y-o-Y development rate going from 5.4% to 10.2% from 2021-2031, supported by interests in industry foundation.
- IQF tomato items are relied upon to reflect solid development, upheld by certain customer insight towards puree items.
- Broccoli and cauliflower items will enroll a CAGR of 5.1%, supported by request in the food administration area across Europe and North America.
- India and China will arise as high expected market, upheld by an immense customer base, but being confined by insufficient virus chain foundation.
“IQF innovation has set out an original development open doors in the frozen food ecosphere. Vegetables handled by IQF innovation have longer timeframes of realistic usability. The undeniably quick moving ways of life of average purchasers have brought about popularity for accommodation food varieties, which thusly has helped the IQF vegetable market develop through 2021,” says a lead examiner at FMI
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IQF Vegetable Market by Category
By Type:
- Beans
- Peas
- Corn and Baby Corn
- Broccoli and Cauliflower
- Potato
- Onion
- Tomato
- Carrot
By Application:
- Food
- Bakery, Confectionary & Snack Food
- Dairy & Dessert
- Cooking food
- Ready to Eat Food
- Beverage
- Juice
- Other Non-alcoholic Beverages
- Concentrate
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- MEA
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