What is Global IQF Vegetables Market?
The Global IQF (Individually Quick Frozen) Vegetables Market is a comprehensive study of the current trends, growth indicators, and market dynamics of the IQF Vegetables industry. This market involves the freezing of fresh vegetables soon after they are picked, a process that helps to preserve the nutritional value, texture, and flavor of these vegetables. The IQF method is superior to traditional freezing methods as it prevents the formation of large ice crystals that can damage the cellular structure of the vegetables. The global market for IQF vegetables was valued at US$ 787.2 million in 2022. This market is projected to reach a value of US$ 918.4 million by 2029, growing at a Compound Annual Growth Rate (CAGR) of 2.2% from 2023 to 2029.
Potato, Tomato, Broccoli and Cauliflower, Others in the Global IQF Vegetables Market:
The Global IQF Vegetables Market is segmented based on the type of vegetables, which includes potato, tomato, broccoli, cauliflower, and others. Each of these vegetables has its unique market dynamics and growth prospects. For instance, the demand for IQF potatoes is driven by the increasing consumption of frozen potato products such as french fries and hash browns. Similarly, the market for IQF tomatoes is influenced by the growing demand for tomato-based products like sauces and purees. The IQF broccoli and cauliflower market is driven by the rising awareness about the health benefits of these vegetables and their increasing use in various cuisines. The 'others' segment includes a variety of vegetables such as peas, beans, corn, and spinach, among others. The market dynamics for this segment are influenced by the overall trend of increasing consumption of frozen vegetables.
Commercial, Household in the Global IQF Vegetables Market:
The Global IQF Vegetables Market finds its application in both commercial and household sectors. In the commercial sector, these vegetables are used in restaurants, hotels, and other foodservice establishments. The use of IQF vegetables in this sector is driven by the need for convenience, cost-effectiveness, and the ability to offer a wide variety of dishes throughout the year. In the household sector, the demand for IQF vegetables is driven by the increasing awareness about the nutritional benefits of these vegetables and the convenience they offer in terms of storage and preparation. The trend of home cooking and the growing preference for healthy and nutritious meals are also contributing to the growth of the IQF vegetables market in the household sector.
Global IQF Vegetables Market Outlook:
To rephrase the market outlook, the Global IQF Vegetables Market, which was valued at US$ 787.2 million in 2022, is expected to grow to US$ 918.4 million by 2029. This represents a CAGR of 2.2% during the forecast period from 2023 to 2029. The top five manufacturers in this market hold a share of over 20%, indicating a relatively high level of market concentration. North America is the largest market for IQF vegetables, accounting for about 40% of the global market. This can be attributed to the high consumption of frozen vegetables in this region, driven by factors such as convenience, changing dietary habits, and the growing awareness about the nutritional benefits of these vegetables.
| Report Metric | Details |
| Report Name | IQF Vegetables Market |
| Segment by Type |
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| Segment by Application |
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| Consumption by Region |
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| By Company | B&G Foods Holdings, Capricorn Food Products, ConAgra Foods, Dole Food, Greenyard NV, J.R. Simplot, Kerry Group, Pinnacle Foods, SunOpta, Uren Food Group |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
