About IQF Vegetables
The rising demand for Fresh food will help to boost the global IQF Vegetables market. Individual quick freezing (IQF) is a type of technology in which fresh vegetables are frozen at lower temperatures (-30°C to - 40°C). This procedure helps to preserve fresh vegetables for a longer period. This technology helps to preserve the same flavor, color, and texture till it lasts. IQF vegetables comprise the same nutritional content after freezing as they possess in fresh form which helps to boost global IQF market all over the world. Additionally, it provides storage properties and accessibility at less cost.
Attributes | Details |
---|
Study Period | 2018-2028 |
Base Year | 2022 |
High Growth Market | Asia- Pacific |
Unit | Value (USD Million) |
CAGR | 6.67% |
The key market players are exploring the market in new regions by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. Key players are exploring new geographies through expansions and acquisitions across the globe to avail a competitive advantage through combined synergies Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global IQF Vegetables market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Greenyard NV (Belgium), Kerry Group Plc. (Ireland), J.R. Simplot Co. (United States), SunOpta Inc. (Canada), B&G Foods Holdings Corp. (United States), Uren Food Group Limited (United Kingdom), Capricorn Food Products India Ltd. (India), BS Foods B.V. (the Netherlands), Rosemary & Thyme Ltd. (United Kingdom) and Milne Fruit Products Inc. (United States) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Frutex Australia Pty Ltd. (Australia), Shimla Hills Offerings Pvt. Ltd. (India), Alasko Foods Inc. (Canada) and AXUS International LLC. (United States).
Segmentation Overview
AMA Research has segmented the market of Global IQF Vegetables market by Type (Beans, Peas, Corn & Baby Corn, Broccoli & Cauliflower, Potato, Onion, Tomato, Carrot and Others), Application (Commercial and Household) and Region.
On the basis of geography, the market of IQF Vegetables has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2022. Europe, on the other hand, stood as the second largest market due to the presence of key companies in the region and high technological advancement. If we see Market by Distribution Channel, the sub-segment i.e. Retail Outlets will boost the IQF Vegetables market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increased Dependency on Readymade As Well As Convenient Food Products and High Consumption of Mushrooms in the Quick Service Restaurants
Market Growth Drivers:
Growing Demand for Fresh Vegetables, Rise in Disposable Income and Change in Lifestyle & Food Habits and Rapid Growth in Number of Large Retail Chains
Challenges:
The Dearth of Proper Refrigeration Amenities in Semi-Urban & Rural Areas
Restraints:
Consumer Perception of Low Nutritional Content in IQF Vegetables
Opportunities:
Huge Demand and Consumption of Frozen Foods in Developing Nations and Fueling Demand Due To Advancements in Freezing Technologies
Market Leaders and their expansionary development strategies
In September 2023, B&G Foods Holdings Corp. launched a new line of plant-based frozen meals under their "Green Giant" brand, aiming to capture the growing market for plant-based convenience food.
In September 2023, Kerry Group Plc. acquired Arion, a Brazilian food company specializing in nutritional supplements and plant-based proteins, to strengthen its presence in the health and wellness market.
“The Agricultural Marketing Service (AMS) of the Department of Agriculture (USDA) has revised eight United States Standards for Grades of Frozen Vegetables. “U.S. Grade A” (or “U.S. Fancy”), “U.S. Grade B” (or “U.S. Extra Standard”), and “U.S. Grade C” (or “U.S. Standard”) become “U.S. Grade A,” “U.S. Grade B,” and “U.S. Grade C,” respectively. This change conforms to recent changes in other grade standards. AMS has also updated contact information for obtaining copies of the grade standards and color standards. These changes bring these grade standards in line with the present quality levels being marketed today and provide guidance in the effective use of these products.”
Key Target Audience
Fruit & Vegetable Producers and Suppliers, Raw Material Suppliers and Distributors, Commercial Research & Development (R&D) Institutions, Associations and Industrial Bodies, Traders, Exporters and Importers, Government Regulatory Bodies, Government and Private Research Institutes and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.