Press release
IQF Vegetable Market Size, Growth, and Trends: Rising Demand for Frozen Foods Driving CAGR of 4.9% to 9.3%
IQF Vegetable Market Share
What Is The Projected Market Size Of The Global IQF Vegetable Market And Its Growth Rate?
The rapidly growing IQF Vegetable market, fuelled by health awareness and changing dietary habits, shows the following progression:
• 2024 Market Size: $2.92 billion
• 2025 Market Size: $3.06 billion (4.9% CAGR)
• 2029 Market Size: $4.38 billion (9.3% CAGR)
What Is Driving The Growth In The IQF Vegetable Market?
The IQF vegetable market growth is fuelled by the rise in demand for frozen foods, especially those preserved using rapid freezing IQF technique that better preserves the flavor and texture. For instance, between 2018 and 2022, retail frozen food sales in America increased by an impressive $19.4 billion, according to the American Frozen Food Institute, suggesting a higher preference for IQF processed foods.
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Who Are the Key Players Driving IQF Vegetable Market Growth?
Key players in the IQF vegetable market include:
• 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
• Conagra Brands Inc.
What Are The Key Trends In The IQF Vegetable Market?
Leading trends in the market 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
What Are The Segments Of The Global IQF Vegetable Market?
The IQF vegetable market is segmented by:
1) Product Type: Leafy Vegetables, Beans, Potato, Onion, Tomato, Other Types
2) Nature: Conventional, Organic
3) Distribution Channel: Online Stores, Supermarkets Or Hypermarket, Business To Business, Other Channels
4) End User: Commercial, Residential
Which Region Leads The IQF Vegetable Market?
North America was the largest region in the IQF vegetable market in 2024, while Asia-Pacific is expected to be the fastest-growing region in the next few years.
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What Is Covered In The IQF Vegetable Market Global Market Report?
- Market Size Analysis: Analyze the IQF Vegetable Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the IQF Vegetable Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall IQF Vegetable Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the IQF Vegetable Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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