IQF Vegetable Market Size, Share, Sales & Trends 2030

Industry Prospective:

The global IQF vegetable market size 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. The study examines the drivers, restraints, and challenges that the IQF vegetable market confronts, as well as their impact on demand throughout the forecast period. The report also looks into the new potential in the IQF vegetable sector.

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IQF Vegetable Market: Overview

Individually Quick Frozen vegetables, or IQF vegetables, are fresh vegetables that are been frozen one at a time. This process of fast freezing helps to maintain the final product’s freshness and quality. IQF is a strong food preservation technique that offers several benefits over traditional methods of freezing. Individual quick freezing not only speeds up the procedure, but also ensures that an IQF vegetable retains its form, color, and flavor longer than traditional freezing. Traditional frozen veggies lose their nutritional value faster than IQF vegetables. For individuals who prefer the convenience of frozen vegetables without sacrificing quality or taste, IQF vegetables are a perfect choice.

COVID-19 Impact:

The sales of IQF vegetables had been affected by the shutdown of foodservice sector participants such as quick-service restaurants and full-service restaurants. Food and beverage manufacturing has been harmed by lockdown constraints across the world. This had an impact on the global IQF vegetable market in terms of revenue and sales. The pandemic also had a significant influence on global logistics and transportation networks which led to disruption of the distribution as well as supply chain. On the other hand, an increase in per capita disposable income in the countries, pandemic management, and changes in government policies would result in a revival of IQF vegetable sales during the forecast period.

IQF Vegetable Market: Growth Drivers

IQF vegetables’ longer shelf life is expected to expand the market growth

Due to the technology utilized in the manufacture, processing, and storage of frozen food, it has seen an increase in demand. The capacity to securely keep vegetables and fruits for extended periods of time when kept at particular temperatures has been enhanced by IQF technology. IQF technique employs nitrogen to freeze every single vegetable unit, whereas cold storage methods regulate moisture. IQF vegetables have a shelf life of a few weeks to months, based on the source, enabling storage without fear of deterioration. Fast freezing, which transforms all liquid to a frozen form without destroying vegetable cells, is used in IQF techniques to provide vegetables with an extended shelf life. Thus, the longer shelf life of IQF vegetables is propelling the growth of the market. In addition to this, growing preference for frozen food, rise in disposable income, and easy availability of IQF vegetables in hypermarkets/supermarkets, as well as online platforms, are some of the factors that are fostering the growth of the global IQF vegetable market.

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IQF Vegetable Market: Restraints

Pathogen risk in IQF vegetables is likely to restrain the growth of the market

Bacteria and viruses have been found in frozen vegetables and fruits in Japan and certain countries in North America. The Listeria monocytogenes bacterium made headlines throughout the globe after IQF vegetable items were recalled. Bacterial contamination is a problem in the United States and China as a result of high pollution levels. Every year, most manufacturers in the United States recall IQF vegetable goods owing to a Listeria monocytogenes epidemic. Listeria monocytogenes is a pathogenic bacterium that causes listeriosis, a disease that kills an estimated 300 people per year throughout the world. Thus, growing concerns of the consumer regarding the risk of pathogens in IQF vegetables may hamper the growth of the market.

IQF Vegetable Market: Opportunities

Advancement in technologies is predicted to boost the market during the forecast period.

A rise in demand for IQF vegetables is been witnessed in the food and beverage industry as they can be stored for a longer duration and used as raw material in the final food products. Thus, key players in the market are investing majorly in the technologies used for instant quick freezing and upgrading the current features. Additionally, the wide adoption of IQF over water injection freezing technology to reduce the cost of logistics may also create ample growth opportunities for the market during the forecast period. Furthermore, the growing emphasis on the development of novel packaging & promotions, the rapidly growing retail industry, and the busy lifestyle of the people are also some of the key aspects that are likely to drive the global IQF vegetable market during the forecast period.

IQF Vegetable Market Report Scope:

IQF Vegetable Market: Challenges

Volatilized nature of the moisture in the food may be a major challenge for the market expansion

Food must be divided and frozen while using IQF, therefore the surface area vulnerable to freezing rises proportionately. It has the potential to dehydrate the meal and acidify the fat. When food that was moist before freezing turns dry after freezing, water vapor in the air adheres to the frozen food, leading to frosting on the food surface. Because the freshness of the food impacts the taste and flavor at this time, more care should be used before freezing. Thus, the volatilized nature of the moisture in the food is estimated to act as a challenge to the expansion of the market.

IQF Vegetable Market: Segmentation

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.

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.
• In January 2022, SimpliFine, a Kenyan integrated food company that distributes locally sourced and produced food across East Africa, launched its Individual Quick Freezing (IQF) processing line. simplify is extending its manufacture of fresh French fries to provide frozen French fries as a result of its investment in IQF technology, improving supply and prolonging the shelf life of locally grown potatoes. SimpliFine's technology will help Kenyan potato growers increase their market and minimize their dependency on imported French fries.

IQF Vegetable Market: Regional Landscape

North America is expected to hold a major share in the global market

Among the regions, North America is likely to hold the largest share in the global IQF vegetable market during the forecast period. Major factors such as strong supply and distribution channels of vegetables in Canada & the US, rapid adoption of advanced technologies, and expansion of the frozen food market are contributing to the market growth in this region. Europe is estimated to hold the second-most position in the market and this is majorly attributed to the growing demand for IQF vegetables, an increase in demand for food products with longer shelf life, and an increase in demand from food manufacturers. On the other hand, the market in the Asia Pacific is likely to grow at the fastest CAGR value during the forecast period.

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IQF Vegetable Market: Competitive Landscape

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.

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