Global IQF Vegetable Market to Generate Global Market Revenue Of USD 6.98B By 2028

The global IQF vegetable market was valued at roughly USD 4.94 billion in 2021 and is expected to increase to nearly USD 6.98 billion by 2028, with a CAGR of around 4.6 percent throughout the forecast period.

IQF vegetables include food items like peas, corn, green beans, broccoli, lettuce, cabbage, etc. which come as individual pieces and can be frozen quickly. These food items use individual quick freezing technology to keep them fresh for a longer period of time. The fluidization approach is used in this process where the food items do not take longer than 15 minutes to freeze, thus preventing their deterioration. IQF vegetables do not lose their taste, color, or nutritional value when frozen correctly.

The global IQF vegetable market was impacted severely during Covid-19 due to the closure of all retailers selling the food items or the shutting down of freezing units used for storing these products. The global market was also affected by reduced demand for frozen items and disruption in the supply chain of products.

However, the global market picked up the pace after the end of 2020 and is showing steady signs of growth during the projection period.

Technology has been growing immensely in all the fields, especially in the food sector owing to increased demand from consumers. There is a significant development in freezing technology which is one of the most important technical aspects in the food sector. This advancement which improves the shelf life of IQF vegetables is expected to propel the global market growth in the coming years. The IQF vegetables like broccoli, lettuce, and green beans are extremely nutritious and are an excellent source of fiber. The rising incorporation of IQF food items in staple diets across the globe is a major global market growth driver. With the world getting smaller day by day, IQF vegetable products have now reached even the remotest of areas thus increasing the consumer database and growing the global market. IQF vegetables are extensively used in fast food processing outlets like McDonald and Starbucks. There is a shift witnessed in changing preference towards using IQF vegetables because of the lesser time taken to cook these items. Both of these reasons are anticipated to aid the global IQF vegetable market growth.

Although pathogen risk in IQF vegetables is likely to restrain the growth of the global market, advancement in the technologies is predicted to provide for growth opportunities in the global market during the projection period. Volatilized nature of the moisture in the food may pose a major challenge for the global market expansion.

The global IQF vegetable market is divided based on type, nature, distribution channel, end-user, and region. Based on type, the market is classified into broccoli & cauliflower, corn & baby corn, peas, beans, carrot, tomato, onion, potato, and others. By nature, the market is split into conventional and organic. The distribution channel segment is classified into online stores, B2B, supermarkets/ hypermarkets, and others. Residential and commercial are the segments characterized under end-user.

The global IQF vegetable market is expected to be dominated by North America because of technological advancements in the region in freezing technology. The rising consumer group for IQF vegetables along with the easy availability of food items that have been a part of their staple diet for ages is anticipated to assist the region in achieving high CAGR during the forecast period. Rising R&D and investment in the food sector along with a growing number of retailers selling IQF vegetables are expected to assist the regional growth.

Europe is projected to generate significant revenue in the global market because of the high standard of living and spending capacity of the population whereas Asia-Pacific is expected to follow Europe owing to increasing population and mass awareness about the benefits of IQF vegetables.

The Middle East will also be contributing significantly because of the rising tourism index during the forecast period.

Some of the prominent players that are operating in the global IQF vegetable market include B&G Foods Holdings Corp, Cardinal Foods LLC, J.R. Simplot Co., Capricorn Food Products India Ltd, Dole Food Co., Pinnacle Foods, Inc., Greenyard NV, Uren Food Group Limited, Kerry Group Plc., and ConAgra Foods, Inc among others.

Recent Developments

• In April 2021, food and beverage industry professionals established REMS Frozen Foods with the goal of being the "supplier of choice for all major UK and Irish food producers." REMS will import frozen food products from all over the world, with a focus on individually quick frozen (IQF) herbs, spices, vegetables, and fruit for further processing by Irish and UK food producers.

Browse the full “IQF Vegetable Market By Type, (Broccoli & Cauliflower, Corn & Baby Corn, Peas, Beans, Carrot, Tomato, Onion, Potato, And Others) By Nature, (Conventional And Organic), By Distribution Channel (Online Store, B2B, Supermarket/Hypermarket, And Others), By End-User (Residential And Commercial), And By Region – Global And Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, And Forecasts 2022 – 2028.” Report at https://www.zionmarketresearch.com/report/iqf-vegetable-market

Global IQF vegetable market is segmented as follows:

By Type

• Broccoli and Cauliflower
• Corn and Baby
• Corn
• Peas
• Beans
• Carrot
• Tomato
• Onion
• Potato
• Others

By Nature

• Conventional
• Organic

By Distribution Channel

• Online Store
• B2B
• Supermarket/Hypermarket
• Others

By End User

• Residential
• Commercial

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa

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