Market Size in 2021 | Market Forecast in 2028 | CAGR (in %) | Base Year |
---|---|---|---|
USD 4.94 Billion | USD 6.98 Billion | 4.6% | 2021 |
FrequentlyAsked Questions
IQF vegetables longer shelf life is expected to expand the market growth. 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 market.
According to the Zion Market Research report, the global IQF vegetable market was worth about 4.94 (USD billion) in 2021 and is predicted to grow to around 6.98 (USD billion) by 2028, with a compound annual growth rate (CAGR) of around 4.6 percent.
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 frozen food market are contributing to the market growth in this region.
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.
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.
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