IQF Fruits and Vegetables Market Global Research Report by Product Type (Fruits and Vegetables), Distribution Channel (Store Based and Non-Store Based), Region (North America, Europe, Asia-Pacific and Rest of the World) – Forecast to 2023
— Market Synopsis
Individually quick-frozen fruits and vegetables are in high demand across the world for multiple factors. According to the study presented by Market Research Future (MRFR), the global IQF fruits and vegetables market is projected to strike a steady CAGR over the forecast period 2018 to 2023. The developments in freezing techniques are likely to contribute to the development of the market over the next couple of years.
IQF fruits and vegetables market is thriving owing to the increased shelf life of the products. Growing working population is anticipated to favor market’s growth by encouraging demand generation. The shift in consumer preferences towards convenience food is poised to support the expansion of the market in the years to come. The rise in adoption of a balanced and healthy diet is also projected to propel the expansion of the IQF fruits and vegetables market across the review period. People are getting aware of the rising burden of chronic diseases. This, in turn, has motivated the consumers to shift towards healthy food options. Thus, the IQF fruits and vegetables market is likely to benefit from the ongoing trend.
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IQF fruits, as well as vegetables, do not compromise on the nutrient profile of the food. In addition, it avoids the formation of ice crystals in the product. It is prognosticated to expedite the growth pace of the IQF fruits and vegetables market’s growth in the nearby future. The process helps in making seasonal fruits and vegetables available throughout the year. Also, it is highly in demand for exporting purposes. This, in turn, is likely to act as a growth catalyst for the IQF fruits and vegetables market. On the contrary, the taste of the product gets compromised which remains an impediment to market growth.
The key players operating in the Global IQF Fruits and Vegetables Market and studied in this MRFR report are
• Ardo N.V. (Belgium),
• Capricorn Food Products India Ltd. (India),
• SunOpta Inc. (Canada),
• Uren Food Group Ltd. (UK),
• Rosemary & Thyme Ltd. (UK).,
• BS Foods B.V. (the Netherlands).,
• Milne Fruit Products Inc. (US),
• Shimla Hills Offerings Pvt. Ltd. (India),
• Frutex Australia Pty Ltd. (Australia),
• Alasko Foods Inc. (Canada)
• AXUS International LLC. (US)
The global IQF fruits and vegetables market, based on type, has been segmented into IQF vegetables and IQF fruits. The IQF fruits segment is further sub-segmented into berries, apple, mango, kiwi, and others. Among these, the berries segment is poised to dominate the growth of the market in the forthcoming years. The IQF vegetables segment is sub-segmented into carrots, peas, corn, beans, potato, broccoli, and others.
By distribution channel, the IQF fruits and vegetables market has been bifurcated into store based and non-store based. The store-based segment is further sub-segmented into retail stores, convenience store, and supermarkets/hypermarkets. The store-based segment is likely to lead the growth of the market owing to the presence of a strong network of convenience stores.
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The global IQF fruits and vegetables market, on the basis of region, has been segmented into North America, Europe, Asia Pacific, and the Rest of the World (RoW). North America is leading the market and is likely to retain its position across the projection period. The growth of the frozen food industry is anticipated to drive the proliferation of the IQF fruits and vegetables market in the upcoming years. Asia Pacific is poised to exhibit rapid developments in the regional market. Increasing population, in conjunction with the growing demand for frozen and convenience food, is anticipated to drive the expansion of the IQF fruits and vegetables market in the region over the next few years.
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