How Has the IQF Vegetable Market Size Evolved in Recent Years?
The iqf vegetable market has seen considerable growth due to a variety of factors.
• In the past few years, the IQF vegetable market has seen consistent growth. The size of the market is expected to expand from $2.92 billion in 2024 to $3.06 billion in 2025, reflecting a compound annual growth rate (CAGR) of 4.9%. The expansion during the historic period can be credited to factors such as growing demand for convenience food, increasing awareness about health and nutrition, shifting consumer lifestyles, seasonal availability, as well as foodservice and culinary applications.
What Are The Predictions for The IQF Vegetable Market By 2029?
The IQF Vegetable market is expected to maintain its strong growth trajectory in upcoming years.
• In the coming years, the IQF vegetable market is projected to witness substantial expansion, with its size predicted to reach $4.38 billion in 2029, showing a compound annual growth rate (CAGR) of 9.3%.
This predicted growth within the forecast period is seen to be driven by factors like enhancement in product innovation, improvements in supply chain and logistics, efforts towards environmentally sustainable practices, globalisation and changes in dietary patterns, and the development of the foodservice and ready-to-eat industries. The key trends during this period are expected to be a focus on clean labelling and transparency, catered and mixed offerings, expansion of the ready-to-eat and frozen meals market sectors, innovations in packaging and freezing procedures, sustainability, and minimizing food wastage.
Which Drivers Are Accelerating Growth In The IQF Vegetable Market?
The IQF vegetable market's growth is anticipated to be propelled by an increased preference for frozen foods. These are products that are preserved by quick freezing followed by storage in a freezer until consumption. This freezing process inhibits bacterial growth, thereby extending the product's shelf life. IQF employs a superior, faster freezing technique to retain food freshness. The fast freezing in IQF results in smaller ice crystals in the frozen dish, preserving its taste and texture that may be compromised with larger ice crystals formed during slower freezing methods. This explains the preference for the rapid freezing offered by the IQF process. For example, data from the American Frozen Food Institute, a US-based trade group for the frozen food industry, revealed a remarkable $19.4 billion increase in retail frozen food sales between 2018 and 2022, as of January 2023. Consequently, the rise in demand for frozen foods is fuelling the expansion of the IQF vegetable market.
What Are The Core Segments Of The Global IQF Vegetable Market?
The IQF vegetable market covered in this report is segmented –
1) By Product Type: Leafy Vegetables, Beans, Potato, Onion, Tomato, Other Types
2) By Nature: Conventional, Organic
3) By Distribution Channel: Online Stores, Super markets Or Hyper market, Business To Business, Other Channels
4) By End User: Commercial, Residential
Subsegments:
1) By Leafy Vegetables: Spinach, Kale, Lettuce, Swiss Chard
2) By Beans: Green Beans, Snap Peas, Edamame
3) By Potato: Diced Potatoes, Mashed Potatoes, French Fries
4) By Onion: Chopped Onions, Sliced Onions, Onion Rings
5) By Tomato: Diced Tomatoes, Tomato Paste, Sun-Dried Tomatoes
6) By Other Types: Carrots, Bell Peppers, Broccoli, Cauliflower, Mixed Vegetables
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Which Emerging Trends Are Reshaping The IQF Vegetable Market Size?
Emerging advancements in technology are increasingly an influential trend within the Individual Quick Frozen (IQF) vegetable market. Many leading companies within this market, focusing on technological development to consolidate their market share. For example, TOMRA, a technology-focused solution company based in Norway, known for its advanced collection, sorting systems and food processing, introduced a new high-end sorting device for IQF products, TOMRA 5C in 2022. It consists of special high-resolution lasers and Biometric Signature Identification (BSI) technology, facilitating exceptional frozen vegetable sorting. The innovative use of BSI technology allows the machine to effectively differentiate between the quality of materials and even identify minor defects.
Who Are the Key Players In The IQF Vegetable Market?
Major companies operating 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.
• Dole Food Company Inc.
• Kerry Group plc
• Pinnacle Foods Inc.
• SunOpta Inc.
• Jinyuan Agriculture
• Kabako Gruppe
• Dirafrost Frozen Fruit
• Cardinal Foods LLC
• Bonduelle
• Ardo
• Hortex
• Pinguin
• D'aucy
• Findus Group
• McCain Foods Limited
• Nestlé S.A.
• The Pictsweet Company
• Unilever Group
• Wawona Frozen Foods
What Are The Regional Insights Into The IQF Vegetable Market?
North America was the largest region in the IQF vegetable market in 2024. Asia-Pacific is expected to be the fastest-growing region in the IQF vegetable market during the forecast period. The regions covered in the IQF vegetable market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
