IQF Vegetables Market Poised for Remarkable Growth with a 4.8% CAGR Forecast from 2023 to 2033, reaching US$ 2.81 billion

NEWARK, Del, May 31, 2023 (GLOBE NEWSWIRE) -- The worldwide IQF vegetables market is expected to reach up to US$ 1.68 billion in 2022. The IQF vegetable sector is rapidly expanding as a result of changes in lifestyle and eating habits, as well as the expansion of several big retail chains. It is expected to produce US$ 2.81 billion by 2033, with a CAGR of 4.8% from 2023 to 2033. Convenience foods have displaced other fruits and vegetables due to the high speed of urbanization, particularly in developing nations, as well as expanding disposable income and influence.

The market for IQF vegetables is increasing as a result of evolving technological developments, attractive packaging, simple storage, and general availability. Market sales have increased dramatically as a result of the availability of balanced refrigeration solutions and linked retail locations. Local mid and small-sized farms provide the majority of the product portfolios in this market.

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Younger people are increasingly searching for foods that can be kept, and consumed right away, and also have a longer shelf life since they are actively involved in numerous professional responsibilities across the world, especially in emerging nations like China and India. In order to save time on a daily basis chopping and buying vegetables, working millennials opt to purchase IQF vegetables. The increase in demand for IQF vegetables appears to be more beneficial for goods that are easy to prepare and consume. Imports of frozen sweet potatoes , mainly from the United States, have risen in the European Union over the past four years, indicating a degree of consumer partiality.

Key Takeaways from the Market Study

"The main factors driving the market for IQF vegetables are consumers' rising preferences for frozen goods, their curiosity about novel concepts, and their enthusiasm to sample foods with various nutritional profiles," remarks an FMI analyst.

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Competitive Landscape

Technologies are being developed by businesses to enable the introduction of undiscovered fruits and vegetables that can maintain their nutritional content while lowering manufacturing costs. A growing number of businesses, including Capricorn Food Products India Ltd., Dole Food Co., and J.R. Simplot Co., are making investments in developing innovative IQF vegetable products.

Prominent players in the IQF vegetable market are:

Some key developments of the leading companies in this market are:

More Valuable Insights Available

Future Market Insights offers an unbiased analysis of the global IQF vegetable market, providing historical data for 2018 to 2022 and forecast statistics from 2023 to 2033.

To understand opportunities in the IQF vegetables market, the market is segmented on the basis of IQF vegetables by type (potato, onion, tomato, carrot), application (food, beverage, concentrate) and across five major regions (North America, Latin America, Europe, Asia Pacific and Middle East & Africa).

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Key Segments Profiled in the Global IQF Vegetables Market Survey

By Type:

By Application:

By Region:

Table of Content

1. Executive Summary

1.1. Global Market Outlook

1.2. Demand-side Trends

1.3. Supply-side Trends

1.4. Technology Roadmap Analysis

1.5. Analysis and Recommendations

2. Market Overview

2.1. Market Coverage / Taxonomy

2.2. Market Definition / Scope / Limitations

3. Market Background

3.1. Market Dynamics

3.1.1. Drivers

3.1.2. Restraints

3.1.3. Opportunity

3.1.4. Trends

4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033

4.1. Historical Market Size Value (US$ Million) & Volume (MT) Analysis, 2018 to 2022

4.2. Current and Future Market Size Value (US$ Million) & Volume (MT) Projections, 2023 to 2033

4.2.1. Y-o-Y Growth Trend Analysis

4.2.2. Absolute $ Opportunity Analysis

5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Type

5.1. Introduction / Key Findings

5.2. Historical Market Size Value (US$ Million) & Volume (MT) Analysis By Type, 2018 to 2022

5.3. Current and Future Market Size Value (US$ Million) & Volume (MT) Analysis and Forecast by Type, 2023 to 2033

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About the Food and Beverage Division at Future Market Insights

The food and beverage team at Future Market Insights offers expert analysis, time-efficient research, and strategic recommendations with the objective to provide authentic insights and accurate results to help clients worldwide. With a repertoire of over 100+ reports and 1 million+ data points, the team has been analyzing the industry lucidly in 50+ countries for over a decade. The team provides a brief analysis of key trends including competitive landscape, profit margin, and research development efforts.

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Old Source: IQF Vegetables Sales to Grow at 4.5% CAGR as Demand for Healthy Food with Longer Shelf Life Continues Increasing : Future Market Insights Finds in Latest Survey