IQF Vegetables Market Size Was Valued at USD 1.68 Billion in 2022 and is Projected to Reach USD 2.46 Billion by 2030, Growing at a CAGR of 4.9% From 2023-2030.
The IQF vegetables market is growing in popularity because consumers are increasingly favoring convenient, healthy, and durable food options. Individual Quick Freezing (IQF) technology helps retain the nutritional value and flavor of vegetables by freezing them separately, which avoids sticking together and ensures long-term quality. Increasing demand for frozen vegetables in the food service sector, coupled with a growing emphasis on reducing food waste, is fueling market expansion. In addition, the rising demand for frozen food products can be attributed to the busyness of modern lifestyles and the growing population of employed professionals. Nevertheless, there are challenges present due to high energy expenses for freezing and storage, along with competition from fresh produce. Possibilities in this market involve increasing the range of frozen vegetables using IQF technology and focusing on health-conscious customers with organic and sustainably produced items.
Top Key Players Covered In IQF Vegetables Market
B&G Foods Holdings Corp. (United States), ConAgra Foods Inc. (United States), Dole Food Co. (United States), J.R. Simplot Co. (United States), Pinnacle Foods, Inc. (United States), Lamb Weston (United States), Birds Eye (United States), Green Giant (United States), McCain Foods (Canada), Greenyard NV (Belgium), Kerry Group Plc. (Ireland), Nomad Foods (United Kingdom), Ardo (Belgium), bofrost(Germany), Greenyard Foods (Belgium), Asia-Pacific:, Yukijirushi Seedlings (Japan), Vanuit Group (Thailand), CP Foods (Thailand), Ajinomoto (Japan), Sahara Group (India), ITC Limited (India), Simplot Middle East (Australia), Latin America:, Gelagri Brasil (Brazil), Frigorífico Rio Grande (Brazil), Middle East:, Majid Al Futtaim Group (United Arab Emirates), Agricool (France)
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The latest research on the Global IQF Vegetables Market provides a comprehensive overview of the market for the years 2023 to 2030. It gives a comprehensive picture of the global IQF Vegetables industry, considering all significant industry trends, market dynamics, and competitive landscape. In addition, the analysis includes critical information on the IQF Vegetables Market status of the main market players, major trends, and future market development opportunities. These research papers are designed to help readers find information and make decisions that will help them grow their business. The study is written with a specific goal in mind: to give business insights and consultancy to help customers make smart business decisions and achieve long-term success in their particular market areas.
Segmentation Analysis of The IQF Vegetables Market
IQF Vegetables Market Segmented on the basis of Product Type, Equipment Type, Distribution Channel, and Application.
By Product Type
- Leafy Vegetables
- Beans
- Potato
- Onion
- Tomato
- Broccoli
- Others
By Equipment Type
- Spiral
- Tunnel
By Distribution Channel
- Supermarket
- Specialty Stores
- Online Platforms
- Others
By Application
- Commercial
- Residential
Drivers in the IQF Vegetables Market
The rise in popularity of convenient, easy-to-prepare food choices and the growing preference for healthy, natural, and minimally processed foods are fueling the market for Individually Quick Frozen (IQF) vegetables. The increasing popularity of frozen food as a way to decrease food waste, preserve nutritional benefits, and prolong shelf life is driving market expansion. Moreover, the growing worldwide frozen food supply chain, particularly in developing countries, along with increasing interest in plant-based and organic frozen vegetables, are driving the market’s growth.
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Opportunities in the IQF Vegetables Market
The IQF vegetables market can grow by adding more organic, non-GMO, and exotic vegetable varieties to its product range. The increasing awareness of health among customers and the need for preservative-free products create opportunities for new ideas in IQF vegetable products. Due to the rise in plant-based diet popularity, manufacturers can focus on frozen vegetable products to appeal to this expanding market segment. The expanding e-commerce industry also offers chances for selling frozen vegetables directly to consumers.
By Region
- North America (US, Canada, Mexico)
- Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
- Western Europe (Germany, UK, France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
- Asia Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New Zealand, Rest of APAC)
- Middle East & Africa (Turkey, Bahrain, Kuwait, Saudi Arabia, Qatar, UAE, Israel, South Africa)
- South America (Brazil, Argentina, Rest of SA)
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