Global IQF Vegetable Market: Increased Demand from Industry to Spell Growth for Market, Says IGR
The Infinium Global Research analyzes the IQF Vegetable Market over the period of 2018 to 2024. This report also provides detailed qualitative and quantitative analyses of the market dynamics, market size and future trends in global iqf vegetable market. It will help a lot of decision makers to develop strategies and find new opportunities in the global markets of iqf vegetable. The report covers market changing aspects including drivers, restraints, opportunities, and trends expected to encouragement the expansion of the iqf vegetable market during the period. The global IQF vegetable market is projected to grow at a CAGR of 6.50% over the forecast period of 2018-2024.
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IQF foods are notable for the fact that each individual piece of food is frozen separately from all the others. Individual Quick Freezing is a freezing method used in the food processing industry. Products commonly frozen with IQF technologies are typically smaller pieces of food products. IQF is a method that does not allow large ice crystals to form in vegetable cells. In the IQF process, small ice crystals form within the product that helps maintain the fresh quality of the product even after the shelf life of the same is extended. IQF technology is used to preserve the taste, size, and color, and cell structure of vegetables.
Rising demand for to Preservation of Food Products for a Longer Period of Time Drives the Growth of IQF Vegetable Market
Rising demand for to preservation of food products for a longer period of time drives the growth of the IQF vegetable market. The increasing number of working-class population will continue to significantly contribute towards the maximum sales of IQF fruits and vegetables. Due to the practical benefits of having separately frozen pieces the demand for IQF vegetables is increasing among retailers, grocery stores, and independent vegetable & fruit vendors from around the world. IQF vegetables hold immune benefits that protect them from spoilage during transportation and contact with heat and light. Less awareness regarding the IQF vegetables and increasing cases of bacteria in IQF vegetables is restraining the growth of the market.
IQF Vegetable Market: Segmentation
The report on the global IQF vegetable market segmented on the basis of 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. Among all these sub-segment peas is expected to be dominant in terms of revenue contribution followed by carrot and beans. On the basis of end-user, the sub-markets include the industrial sector and the retail sector.
The major end-users of IQF fruits and vegetables are hotel/restaurant/catering and food manufacturers. Increased consumption of seasonal frozen fruits and vegetables by the end consumers is expected to support the growth of IQF fruits and vegetables through a retail outlet.
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U.S. is Expected to be the Major Revenue Contributor in IQF Vegetable Market
Geographically, the demand for IQF vegetables in North America is more due to growing consumption. The U.S. is expected to be the major revenue contributor in the IQF vegetable market followed by Canada due to the availability of farm-fresh vegetables across retail channels. Asia Pacific is accounted to be the fastest-growing IQF vegetable market. The growing preference for packaged food and increased disposable income among consumers are factors responsible for the growth of the IQF vegetable market in the Asia Pacific region.
IQF Vegetable Market: Competitive Analysis
Some of the industry participants of the global IQF vegetable market are 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. among the others.
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