IQF Vegetable Market 2024-2033: Future Scope, Business Statistics, Growth Rate And Major Players

The Business Research Company has updated its global market reports, featuring the latest data for 2024 and projections up to 2033

The Business Research Company offers in-depth market insights through IQF Vegetable Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.

Market Size And Growth Forecast:
The iqf vegetable market size has grown steadily in recent years. It will grow from $2.78 billion in 2023 to $2.92 billion in 2024 at a compound annual growth rate (CAGR) of 4.9%. The growth in the historic period can be attributed to demand for convenience foods, health and nutrition awareness, changing consumer lifestyles, seasonality and availability, foodservice and culinary applications..

The iqf vegetable market size is expected to see strong growth in the next few years. It will grow to $3.95 billion in 2028 at a compound annual growth rate (CAGR) of 7.9%. The growth in the forecast period can be attributed to innovation in product offerings, supply chain enhancements and logistics improvements, environmental sustainability initiatives, globalization and changing dietary habits, expansion of foodservice and ready-to-eat segments.. Major trends in the forecast period include clean label and transparency, customization and blended offerings, expansion of ready-to-eat and frozen meal segments, innovations in packaging and freezing technologies, sustainability and reduced food waste..

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Market Segmentation:
The iqf vegetable market covered in this report is segmented -
1) By Product Type: Leafy Vegetables, Beans, Potato, Onion, Tomato, Other Types
2) By Nature: Conventional, Organic
3) By Distribution Channel: Online Stores, Supermarkets or Hypermarket, Business to Business, Other Channels
4) By End User: Commercial, Residential

Major Driver - Frozen Food Frenzy Driving Forces Behind The Surge In Iqf Vegetable Market Demand
The rise in demand for frozen foods is expected to propel the IQF vegetable market going forward. Frozen foods refer to food product preservation by use of rapid freezing and storing in the freezer until used. Freezing the food helps to stop the bacterial action that increases the shelf life of the product. IQF is a method that is used to freeze food products to keep them fresh by superior and faster food freezing. In IQF freezing technique, rapid freezing produces smaller ice crystals in the frozen meal that preserves the flavor and texture of the meal which might be harmed during the large ice crystals that form during slower freezing processes, hence people are more attracted towards the rapid freezing which are done from IQF process. For instance, in January 2023, according to the American Frozen Food Institute, a US-based national trade group for the frozen food business, between 2018 and 2022, retail frozen food sales increased by an astonishing $19.4 billion. Therefore, the rise in demand for frozen foods is driving the IQF vegetable market.

Competitive Landscape:
Major companies operating in the iqf vegetable market report are B&G Foods Holdings Corp., Capricorn Food Products India Ltd., Greenyard NV, J.R. Simplot Company, Uren Food Group Limited, Alfred Zindel AG, Brecon Foods Inc., Meyer Gemüsebearbeitung GmbH, Rems Frozen Foods Limited, Staple Food Group, Conagra Brands Inc., Dole Food Company Inc., Kerry Group plc, Pinnacle Foods Inc., SunOpta Inc., Jinyuan Agriculture, Kabako Gruppe, Dirafrost Frozen Fruit, Cardinal Foods LLC, Bonduelle, Ardo, Hortex, Pinguin, D'aucy, Findus Group, General Mills Inc., McCain Foods Limited, Nestlé S.A., The Pictsweet Company, Unilever Group, Wawona Frozen Foods .

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Top Trend - Frozen Precision Tomra's Cutting-Edge Bsi Technology Revolutionizes Iqf Vegetable Sorting
Technological advancements are a key trend gaining popularity in the IQF vegetable market. Major companies operating in the IQF vegetable market are focused on technological advancements to strengthen their market position. For instance, in 2022, TOMRA, a Norway-based technology-led solutions provider for advanced collection and sorting systems and food processing, launched TOMRA 5C, a high-end sorting device for IQF produce equipped with BSI technology. The machine's distinctive design includes unique high-resolution lasers and biometric signature identification (BSI) technology, which enables precise frozen vegetable sorting. By using BSI technology, the machine contrasts good and bad materials and even finds smaller defects.

The Table Of Content For The Market Report Include:
1. Executive Summary
2. IQF Vegetable Market Characteristics
3. IQF Vegetable Market Trends And Strategies
4. IQF Vegetable Market - Macro Economic Scenario
5. IQF Vegetable Market Size And Growth
…..
27. IQF Vegetable Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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