A recent report published by Infinium Global Research on IQF vegetable market provides in-depth analysis of segments and sub-segments in the global as well as regional IQF vegetable market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional IQF vegetable market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global IQF vegetable market. According to the report, the global IQF vegetable market is projected to grow at a CAGR of 6.50% over the forecast period of 2018-2024.
The Individual Quick Freezing technology is a freezing method used in the food processing industry. The fruits and vegetables being frozen as smaller pieces of food products retain the freshness over long periods. IQF is a method that does not allow large ice crystals to form in vegetable cells. IQF technology is used to preserve the taste, size, and color and cell structure of the vegetables. IQF process of freezing vegetables is more superior than the traditional process. IQF freezers use ammonia, which is an environmental friendly refrigerant with zero potential for ozone depletion and global warming. Mechanical IQF freezers and cryogenic IQF freezers are the different types of IQF freezers used for freezing.
The major factor such as rapid urbanization coupled with the growing inclination towards frozen food drives the growth of IQF vegetable market. The high demand and interest in IQF vegetables among the consumer owing to higher quality and practical benefits of having separately frozen pieces propels the demand for the IQF vegetables. The rise in demand for fresh vegetables from the food processing industry and restaurant across the globe is supporting market growth. Moreover, rising demand for vegetable and fruits with longer shelf life, the increasing preference among consumer for nutritious food products boost the IQF vegetable market growth over the forecast period. IQF vegetables hold immune benefits that protect them from spoilage during transportation and contact to heat and light. On the other hand, less awareness regarding the IQF vegetables restrains the growth of IQF vegetable market. Going further, technological advancement in the distribution channel and supply chain of fruits and vegetable is anticipated to provide growth opportunities for IQF vegetable market during the forecast period.
Among the regions, the North America region dominates the largest market for IQF vegetables. The U.S. is expected to be the major revenue contributor in IQF vegetable market followed by Canada. Furthermore, the availability of farm-fresh vegetables across retail channels in the US and Canada is increasing the demand of IQF market in the North America region. Asia-Pacific is accounted to be the fastest growing for IQF vegetable market. The growing preference for packaged food and increased disposable income among the consumers are factors responsible for the growth of IQF vegetable market in the Asia-Pacific region.
The report on global IQF vegetable market covers segments such as product type and end-user. On the basis of product type, the sub-markets include peas, corn & baby corn, beans, potato, broccoli & cauliflower, tomato, onion, carrot, and others. On the basis of end-user, the sub-markets include industrial sector and the retail sector.
The report provides regional analysis covering geographies such as North America, Europe, Asia-Pacific, and Rest of the World. In this section, the key trends and market size for each geography are provided over the period of 2016-2024. The countries covered in the North America region include the U.S., Canada, and Mexico; while Asia-Pacific includes China, Japan, India, South Korea, Malaysia, and among others. Moreover, Germany, U.K., France, Spain, and Rest of Europe are included in the European region. The U.S. drives the growth in the North America region as it is the largest market in this region. The Asia-Pacific region offers substantial potential for the market growth owing to rapid growth in markets such as India and China.
The report provides profiles of the companies in the market such as Uren Food Group Limited, Kerry Group Plc., J.R. Simplot Co., SunOpta Inc., B&G Foods Holdings Corp, Greenyard NV, Capricorn Food Products India Ltd, ConAgra Foods, Inc, Dole Food Co., and Pinnacle Foods, Inc.
The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of IQF vegetable market. Moreover, the study highlights current market trends and provides forecast from 2018-2024. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.
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