The United States is a key market for IQF fruits and vegetables, driven by demand for healthy, convenient options and a climate that supports diverse cultivation. With advanced processing and a clean-eating trend, the market is set to grow at a 4.2% CAGR from 2024 to 2034, reaching USD 2.85 billion and 29.2% of the market by 2034.
NEWARK, DE / ACCESSWIRE / August 26, 2024 / The Global IQF Fruits & Vegetables market, generated sales amounting to USD 5,917.0 million in 2019. The industry is estimated to reach USD 6,855.0 million in 2024. Over the assessment period from 2024 to 2034, the global market is projected to expand at a compound annual growth rate (CAGR) of 3.1%, culminating in a size of USD 9,763.5 million by the end of 2034.
The global IQF (Individually Quick Frozen) fruits and vegetables market has witnessed various major trends that have shaped its development over time. One of the main ones is the increasing demand for convenience food that is healthy, easy to prepare and which require minimal or no cooking. The popularity of IQF products has grown as they offer both ease of use like any other processed food item and freshness of produce which makes it healthy for human consumption too.
Another trend coming up is Sustainability affecting this market. Consumers are becoming more aware of environmental issues; this is driving them towards eco-friendly products. Thus IQF manufacturers have adopted efficient freezing technologies that involve minimal water use as well as energy saving during the process thus reducing environmental pollution from thawing methods used in traditional preservation techniques - these may include plastic containers made out of recycled paperboard or cartons with biodegradable films inside them instead plastics bottles.
There is also an increasing focus on diversified options within IQF products. Manufacturing has become more diverse with new types of crops coming up such as rare fruits & vegetables targeting unique tastes found the world over amongst people who prefer trying out different meals throughout cultures blending globally together; thanks to those changing dietary patterns everywhere on earth! To enhance quality, quick freezing methodologies have improved. Innovations in this industry are ensuring that fruits and vegetables maintain their taste, texture and nutrition better than traditional freezing techniques.
The market has also seen an increase in the demand for organic IQF products. This is because health-conscious people want organic items as they think these would be healthier than normal ones; it is believed by many that they contain fewer chemicals which makes them safer for everyone including children. As a result of this trend, more players are entering the organic IQF sector thereby broadening the market scope even further. These tendencies demonstrate a lively marketplace, which takes into account customers' changing tastes and ethical concerns while being capable of providing room for future growth as well as possibilities for innovations to occur.
"Companies that will invest resources in expanding the market to growing economies with rising disposable incomes will remain leaders of the market",says Nandini Roy Choudhury, Client Partner at Future Market Insights.
Who is winning?
Only a new product with exceptional functionality and competitive price can become successful, as this market is one with price and effectiveness playing significant roles in the embracing of the product. Therefore, companies able to create such products and market them effectively to a specific consumer base hold the potential for market share expansion.
Novozymes A/S, Advanced Enzymes Technologies Ltd, BASF SE, Royal DSM N.V., E.l. Du Pont de Nemours & Company, Rossari Biotech Limited, AB Enzymes GmbH, and Lallemand Inc. are some of the leading players in this landscape.
Get valuable insights into Global IQF Fruits & Vegetables Market:
Future Market Insights, in its new offering, provides a thorough, detailed and unbiased analysis of the Global IQF Fruits & Vegetables Market, presenting Historical Demand data for the years 2019-2023 and Forecast statistics for the years 2024-2034. The study categorises the valuable insights on the Global IQF Fruits & Vegetables Market based on Product Type, End Use and Region. As per Product Type, the industry is categorized into Fruits (Berries, Banana, Mango, Apple, Papaya, Others) and Vegetables (Potato, Tomato, Broccoli & Cauliflower, Others). As per End Use, the industry is categorized into Food (Bakery, Confectionary & Snack Food, Dairy & Dessert, Cooking food, Ready-to-Eat Food), Beverage (Juice, Other Non-alcoholic Beverages), and Concentrate. Industry analysis has been carried out in key countries of North America, Latin America, Europe, East Asia, South Asia, Oceania, and the Middle East & Africa.
Access the Full Report on IQF Fruits & Vegetables Market Trends and Projections Now! https://www.futuremarketinsights.com/reports/iqf-fruits-and-vegetables-market
Authored by:
Nandini Roy Choudhury (Client Partner for Food & Beverages at Future Market Insights, Inc.) has 7+ years of management consulting experience. She advises industry leaders and explores off-the-eye opportunities and challenges. She puts processes and operating models in place to support their business objectives.
She has exceptional analytical skills and often brings thought leadership to the table.
Nandini has vast functional expertise in key niches, including but not limited to food ingredients, nutrition & health solutions, animal nutrition, and marine nutrients. She is also well-versed in the pharmaceuticals, biotechnology, retail, and chemical sectors, where she advises market participants to develop methodologies and strategies that deliver results.
Her core expertise lies in corporate growth strategy, sales and marketing effectiveness, acquisitions and post-merger integration and cost reduction. Nandini has an MBA in Finance from MIT School of Business. She also holds a Bachelor's Degree in Electrical Engineering from Nagpur University, India.
Nandini has authored several publications, and quoted in journals including Beverage Industry, Bloomberg, and Wine Industry Advisor.
Explore FMI's related ongoing Coverage in Food and Beverage Domain:
The global IQF vegetables market size is expected to be valued at USD 1.76 billion in 2023 and reach USD 2.81 billion by 2033, growing at a CAGR of 4.8% over the period.
The processed fruit and vegetable market size, valued at USD 74.1 billion in 2024, is set to grow to USD 107.5 billion by 2034, with a CAGR of 3.8%.
The demand for frozen fruits and vegetables market, valued at USD 4.31 billion in 2023, is expected to grow to USD 8.24 billion by 2033, with a CAGR of 6.7%.
In 2023, the Middle East and North Africa frozen food market size is expected to reach USD 1.45 billion and grow to USD1.86 billion by 2033, with a CAGR of 2.5%.
The global freeze-dried vegetables market size, valued at USD 102.8 billion in 2024, is projected to grow to USD 187.1 billion by 2034, with a CAGR of 13.5%.
The frozen vegetable market size, valued at USD 53.83 billion in 2024, is set to grow to USD 96.45 billion by 2034, with a CAGR of 6.0%.
The processed superfruit market size, valued at USD 134.8 billion in 2024, is projected to grow to USD 202.3 billion by 2034, with a CAGR of 4.1%.
The demand for fruit concentrate puree market, valued at USD 1.93 billion in 2024, is expected to grow to USD 3.88 billion by 2034, with a CAGR of 7.2%.
Driven by rising demand for clean-label ingredients, the fruit powder market size is expected to grow at a 7.4% CAGR from USD 17.5 billion in 2023 to USD 36.4 billion by 2033.
The fruit pomace market size, valued at USD 3.5 billion in 2023, is expected to grow to USD 5.0 billion by 2033, with a CAGR of 3.5%.
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