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Global IQF Vegetable Market Size, Share, Outlook, Forecast: By Product: Broccoli and Cauliflower, Corn and Baby Corn, Peas, Beans, Carrots, Tomatoes, Onions, Others; By Nature: Conventional, Organic; By End Use: Commercial, Residential; By Distribution Channel: Online Stores, Others; Regional Analysis; Competitive Landscape; 2024-2032
Global IQF Vegetable Market Outlook
The global IQF vegetable market size reached approximately USD 1.94 billion in 2023. The market is projected to grow at a CAGR of 4.9% between 2024 and 2032, reaching a value of around USD 2.98 billion by 2032.
Key Trends in the Market
IQF is an abbreviation used for “Individually Quick Frozen”, which is a method used for fruits and vegetables to be kept frozen at a very low temperature, usually between -30°C to -40°C. Unlike the traditional cold storage method, it helps prevent the formation of large ice crystals, keeping the product safe and fresh with the nutrients locked.
- The global IQF vegetable market demand is propelled by the increasing prevalence of fast-food or quick-serve restaurants. With the diversification of food menus and increasing utilisation of seasonal and regional ingredients, IQF vegetables have been particularly beneficial for fast food restaurants. IQF technology ensures that vegetables retain their quality and freshness even after extended periods of storage. It also helps restaurants reduce food waste, minimise the need for frequent restocking, and maintain consistent ingredient quality.
- One of the primary IQF vegetable market trends is the increasing attention towards health and nutrition. Due to the growing awareness among consumers about the loss of nutrients in processed foods, there is a heightened demand for minimally processed foods and products. IQF vegetables stand out as an excellent option for health-conscious individuals as they are flash-frozen when fully ripe, maintaining maximum freshness and retaining a substantial portion of their original nutrients.
- Another key factor influencing the IQF vegetable market growth is the frequent innovations in IQF technology. From airflow, power regulation, and movement improvements, IQF has developed many iterations, each improving and taking advantage of the strengths of its predecessors.
Rolling wave technology is one of the major advancements in IQF processes. This technology utilises liquid nitrogen and carbon dioxide as its main freezing medium. Instead of submerging the products in chilling solutions, it employs a bedplate system, which makes it suitable for delicate products such as seafood.
Market Analysis
Based on the product, the market can be segmented into broccoli and cauliflower, corn and baby corn, peas, beans, carrots, tomatoes, and onions, among others. The global IQF vegetable market segmentation, based on nature, includes conventional and organic. Based on end use, the market can be bifurcated into commercial and residential.
The market, based on distribution channels, includes online stores, supermarkets/hypermarkets, and business to business(B2B), among others. The major regional markets for IQF vegetables are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The comprehensive EMR report provides an in-depth assessment of the market based on Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global IQF vegetable market, covering their competitive landscape and the latest developments like mergers, acquisitions, investments, and expansion plans.
- Uren Food Group Limited
- Meyer Vegetable Processing GmbH
- Brecon Foods Inc.
- Staple Dairy Products Ltd.
- Cardinal Foods, LLC
- J.R. Simplot Company
- Western Hill Foods Ltd.
- Red Oak Foods, LLC
- Capricorn Food Products India Limited
- B.Y. Agro & Infra Ltd.
- Others
Market Share by End Use
According to the global IQF vegetable market analysis, the commercial sector is likely to be a major consumer of IQF vegetables over the forecast period. These food products are high in demand as the technology helps in the preservation of shape, colour, and flavour of the original product. As a result, these vegetables are extensively utilised in the food sector as they save preparation time, reduce waste, and ensure consistent quality in dishes. They are also used in the production of speciality foods catering to specific dietary requirements, such as gluten-free or vegan products.
Market Share by Distribution Channel
Business to business (B2B) is expected to be the major channel for distribution in the global IQF vegetable market share in the coming years. The development of this segment is mainly attributed to the growing product demand from food businesses and their need to eliminate intermediaries in the supply chain. The convenience and time-saving benefits offered by IQF technology align perfectly with the fast-paced nature of the food service sector.
IQF vegetables provide a ready-to-use solution, eliminating the need for labour-intensive tasks like washing, peeling, and chopping fresh produce. Moreover, they maintain a high level of quality and freshness, ensuring consistency in the taste and appearance of dishes.
Competitive Landscape
Uren Food Group Limited is one of the major players in the food and beverage sector, located in the United Kingdom. The company was founded in the year 1895 and since then has developed expertise in the sourcing, processing, and distribution of fruit, vegetable, and dairy ingredients. The company is especially known for its business with frozen fruits, fruit purees, fruit concentrates, IQF (Individually Quick Frozen) fruits, and vegetables.
Cardinal Foods is one of the key domestic manufacturers, marketers, and distributors of traditional, speciality and value-added fruit and vegetable ingredients. Since its establishment in the year 2017, the company has been distributing IQF products and frozen puree, while also providing services related to cold storage and logistics.
Brecon Foods Inc. is a global food supplier, operating with its headquarters located in Quebec, Canada. The company specialises in the sales of frozen fruits, vegetables, proteins, and dairy products. It also delivers products in various formats such as whole, sliced, diced, and other forms according to the client's needs.
Other key players in the IQF vegetable market include Meyer Vegetable Processing GmbH, Staple Dairy Products Ltd., LLC, J.R. Simplot Company, Western Hill Foods Ltd., Red Oak Foods, LLC, Capricorn Food Products India Limited, and B.Y. Agro & Infra Ltd., among others.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Product |
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| Breakup by Nature |
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| Breakup by End Use |
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| Breakup by Distribution Channel |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global IQF Vegetable Market Analysis
8.1 Key Industry Highlights
8.2 Global IQF Vegetable Historical Market (2018-2023)
8.3 Global IQF Vegetable Market Forecast (2024-2032)
8.4 Global IQF Vegetable Market by Product
8.4.1 Broccoli and Cauliflower
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Corn and Baby Corn
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 Peas
8.4.3.1 Historical Trend (2018-2023)
8.4.3.2 Forecast Trend (2024-2032)
8.4.4 Beans
8.4.4.1 Historical Trend (2018-2023)
8.4.4.2 Forecast Trend (2024-2032)
8.4.5 Carrots
8.4.5.1 Historical Trend (2018-2023)
8.4.5.2 Forecast Trend (2024-2032)
8.4.6 Tomatoes
8.4.6.1 Historical Trend (2018-2023)
8.4.6.2 Forecast Trend (2024-2032)
8.4.7 Onions
8.4.7.1 Historical Trend (2018-2023)
8.4.7.2 Forecast Trend (2024-2032)
8.4.8 Others
8.5 Global IQF Vegetable Market by Nature
8.5.1 Conventional
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Organic
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.6 Global IQF Vegetable Market by End Use
8.6.1 Commercial
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Residential
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.7 Global IQF Vegetable Market by Distribution Channel
8.7.1 Online Stores
8.7.1.1 Historical Trend (2018-2023)
8.7.1.2 Forecast Trend (2024-2032)
8.7.2 Supermarkets/Hypermarkets
8.7.2.1 Historical Trend (2018-2023)
8.7.2.2 Forecast Trend (2024-2032)
8.7.3 Business To Business(B2B)
8.7.3.1 Historical Trend (2018-2023)
8.7.3.2 Forecast Trend (2024-2032)
8.7.4 Others
8.8 Global IQF Vegetable Market by Region
8.8.1 North America
8.8.1.1 Historical Trend (2018-2023)
8.8.1.2 Forecast Trend (2024-2032)
8.8.2 Europe
8.8.2.1 Historical Trend (2018-2023)
8.8.2.2 Forecast Trend (2024-2032)
8.8.3 Asia Pacific
8.8.3.1 Historical Trend (2018-2023)
8.8.3.2 Forecast Trend (2024-2032)
8.8.4 Latin America
8.8.4.1 Historical Trend (2018-2023)
8.8.4.2 Forecast Trend (2024-2032)
8.8.5 Middle East and Africa
8.8.5.1 Historical Trend (2018-2023)
8.8.5.2 Forecast Trend (2024-2032)
9 North America IQF Vegetable Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe IQF Vegetable Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific IQF Vegetable Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America IQF Vegetable Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa IQF Vegetable Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 Uren Food Group Limited
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 Meyer Vegetable Processing GmbH
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 Brecon Foods Inc.
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 Staple Dairy Products Ltd.
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 Cardinal Foods, LLC
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 J.R. Simplot Company
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 Western Hill Foods Ltd.
15.2.7.1 Company Overview
15.2.7.2 Product Portfolio
15.2.7.3 Demographic Reach and Achievements
15.2.7.4 Certifications
15.2.8 Red Oak Foods, LLC
15.2.8.1 Company Overview
15.2.8.2 Product Portfolio
15.2.8.3 Demographic Reach and Achievements
15.2.8.4 Certifications
15.2.9 Capricorn Food Products India Limited
15.2.9.1 Company Overview
15.2.9.2 Product Portfolio
15.2.9.3 Demographic Reach and Achievements
15.2.9.4 Certifications
15.2.10 B.Y. Agro & Infra Ltd.
15.2.10.1 Company Overview
15.2.10.2 Product Portfolio
15.2.10.3 Demographic Reach and Achievements
15.2.10.4 Certifications
15.2.11 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global IQF Vegetable Market: Key Industry Highlights, 2018 and 2032
2. Global IQF Vegetable Historical Market: Breakup by Product (USD Billion), 2018-2023
3. Global IQF Vegetable Market Forecast: Breakup by Product (USD Billion), 2024-2032
4. Global IQF Vegetable Historical Market: Breakup by Nature (USD Billion), 2018-2023
5. Global IQF Vegetable Market Forecast: Breakup by Nature (USD Billion), 2024-2032
6. Global IQF Vegetable Historical Market: Breakup by End Use (USD Billion), 2018-2023
7. Global IQF Vegetable Market Forecast: Breakup by End Use (USD Billion), 2024-2032
8. Global IQF Vegetable Historical Market: Breakup by Distribution Channel (USD Billion), 2018-2023
9. Global IQF Vegetable Market Forecast: Breakup by Distribution Channel (USD Billion), 2024-2032
10. Global IQF Vegetable Historical Market: Breakup by Region (USD Billion), 2018-2023
11. Global IQF Vegetable Market Forecast: Breakup by Region (USD Billion), 2024-2032
12. North America IQF Vegetable Historical Market: Breakup by Country (USD Billion), 2018-2023
13. North America IQF Vegetable Market Forecast: Breakup by Country (USD Billion), 2024-2032
14. Europe IQF Vegetable Historical Market: Breakup by Country (USD Billion), 2018-2023
15. Europe IQF Vegetable Market Forecast: Breakup by Country (USD Billion), 2024-2032
16. Asia Pacific IQF Vegetable Historical Market: Breakup by Country (USD Billion), 2018-2023
17. Asia Pacific IQF Vegetable Market Forecast: Breakup by Country (USD Billion), 2024-2032
18. Latin America IQF Vegetable Historical Market: Breakup by Country (USD Billion), 2018-2023
19. Latin America IQF Vegetable Market Forecast: Breakup by Country (USD Billion), 2024-2032
20. Middle East and Africa IQF Vegetable Historical Market: Breakup by Country (USD Billion), 2018-2023
21. Middle East and Africa IQF Vegetable Market Forecast: Breakup by Country (USD Billion), 2024-2032
22. Global IQF Vegetable Market Structure
Key Questions Answered in the Report
In 2023, the market reached an approximate value of USD 1.94 billion.
The market is projected to grow at a CAGR of 4.9% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach a value of around USD 2.98 billion by 2032.
The market is driven by the rapid technological advancements in freezing technology and the rising emphasis on health and nutrition among consumers.
The growing expansion of fast-food restaurants and the diversification of food menus accompanied by the increasing demand for seasonal and regional ingredients is expected to significantly propel the development of the market.
The major regional markets are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
Conventional and organic are the major bifurcations based on the nature of IQF vegetables.
The key players in the market include Uren Food Group Limited, Meyer Vegetable Processing GmbH, Brecon Foods Inc., Staple Dairy Products Ltd., Cardinal Foods, LLC, J.R. Simplot Company, Western Hill Foods Ltd., Red Oak Foods, LLC, Capricorn Food Products India Limited, and B.Y. Agro & Infra Ltd., among others.
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