IQF Fruit and Vegetable Market size was valued at USD 6.5 Billion in 2024 and is projected to reach USD 12.8 Billion by 2033, exhibiting a CAGR of 8% from 2026 to 2033.
In 2023, the global IQF (Individually Quick Frozen) fruits and vegetables market was valued at approximately USD 5,134.5 million, with projections indicating growth to USD 7,190.7 million by 2032, reflecting a compound annual growth rate (CAGR) of 4.3% during the forecast period. Regionally, the North American market was valued at USD 8.53 billion in 2023 and is projected to reach USD 18.85 billion by 2033. Europes market stood at USD 8.68 billion in 2023, with expectations to grow to USD 19.19 billion by 2033. In the Asia Pacific region, the market was valued at USD 4.55 billion in 2023 and is anticipated to reach USD 10.06 billion by 2033, driven by increasing urban populations and rising disposable incomes. Specifically, China and India are projected to exhibit CAGRs of 5.3% and 5.9%, respectively, through 2034.Opportunities within the IQF fruits and vegetables market are expanding due to several factors. The increasing employment of women has led to a higher demand for convenient, ready to use food options, propelling market growth. Additionally, the rise of online retailing has made frozen products more accessible to consumers, further boosting sales. The shift towards organic farming, supported by government initiatives, has also contributed to the availability of organic IQF products, catering to health conscious consumers. Furthermore, advancements in cold chain logistics and freezing technologies have enhanced product quality and shelf life, opening new avenues in emerging markets. The trend towards clean eating and the demand for unseasonal fruits and vegetables year round present significant growth prospects for the IQF industry.
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Dole
B&G Foods
SonderJansen
General Mills
Capricorn
Conagra Brands
Simplot Foods
Pinnacle Foods
Kerry
SunOpta
Uren
The Kraft Heinz Company
McCain Foods
BY Agro & Infra Ltd
Shimla Hills
Greenyard
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 Fruit and Vegetable Market
IQF Fruits
IQF Vegetables
Food Service Industry
Retail Sector
Food Manufacturing Industry
Bulk Packaging
Consumer Packaging
Direct Distribution
Indirect Distribution
Culinary Uses
Manufacturing Uses
Functional Foods
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 Fruit and Vegetable 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 Fruit and Vegetable Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global IQF Fruit and Vegetable Market, By Type
6. Global IQF Fruit and Vegetable Market, By Application
7. Global IQF Fruit and Vegetable Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global IQF Fruit and Vegetable Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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