IQF Vegetables Market Revenue was valued at USD 12.5 Billion in 2024 and is estimated to reach USD 20.1 Billion by 2033, growing at a CAGR of 6.1% from 2026 to 2033.
The global IQF (Individually Quick Frozen) vegetables market was valued at approximately USD 16.2 billion in 2022 and is projected to grow at a compound annual growth rate (CAGR) of 6.1% from 2023 to 2030. North America held the largest market share in 2022, accounting for nearly 35% of the global market due to a high demand for frozen food products, especially in the U.S. and Canada. The European market is expected to witness substantial growth, with a market share of around 30%, driven by the increasing consumption of convenient, ready to eat meals and the growing preference for plant based diets in the region. The Asia Pacific market is experiencing rapid expansion, fueled by the rising disposable incomes, changing dietary habits, and growing urbanization in countries like China and India, and is projected to grow at the highest CAGR of 8.4% during the forecast period.
Opportunities in the IQF vegetables market are emerging in both developed and developing regions. In North America and Europe, the market is driven by consumer trends favoring healthy, long shelf life food options, alongside advancements in freezing technologies. In the Asia Pacific region, increasing penetration of supermarkets, changing consumer behavior towards ready to eat meals, and the expansion of the cold chain network are contributing to growth. Furthermore, the growing focus on sustainability, coupled with innovations in packaging to reduce food waste, is expected to create new opportunities for market players. Latin America and the Middle East are also anticipated to see steady growth due to the rising awareness of the benefits of frozen vegetables.
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B&G Foods Holdings
Capricorn Food Products
ConAgra Foods
Dole Food
Greenyard NV
J.R. Simplot
Kerry Group
Pinnacle Foods
SunOpta
Uren Food Group
B&G Foods Holdings
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By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global IQF Vegetables Market
Frozen Vegetables
Frozen Fruit and Vegetables Blends
Frozen Organic Vegetables
Freezing
Drying
Blanching
Retail
Food Service
Industrial
Bag Packaging
Box Packaging
Bulk Packaging
Supermarkets and Hypermarkets
Online Retail
Convenience Stores
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global IQF Vegetables Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global IQF Vegetables Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global IQF Vegetables Market, By Type
6. Global IQF Vegetables Market, By Application
7. Global IQF Vegetables Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global IQF Vegetables Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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