IQF Vegetable Market to Gather USD 7.1 Billion by 2030 at a CAGR of 4.2%

WILMINGTON, NEW CASTLE, DELAWARE , UNITED STATES, December 5, 2023 /EINPresswire.com/ — According to a new report published by Allied Market Research, titled, “𝗜𝗤𝗙 𝗩𝗲𝗴𝗲𝘁𝗮𝗯𝗹𝗲 𝗠𝗮𝗿𝗸𝗲𝘁 𝗯𝘆 𝗣𝗿𝗼𝗱𝘂𝗰𝘁 𝗧𝘆𝗽𝗲 𝗮𝗻𝗱 𝗔𝗽𝗽𝗹𝗶𝗰𝗮𝘁𝗶𝗼𝗻: 𝗴𝗹𝗼𝗯𝗮𝗹 𝗼𝗽𝗽𝗼𝗿𝘁𝘂𝗻𝗶𝘁𝘆 𝗮𝗻𝗮𝗹𝘆𝘀𝗶𝘀 𝗮𝗻𝗱 𝗶𝗻𝗱𝘂𝘀𝘁𝗿𝘆 𝗳𝗼𝗿𝗲𝗰𝗮𝘀𝘁, 𝟮𝟬𝟮𝟭–𝟮𝟬𝟯𝟬,” 𝘁𝗵𝗲 𝗴𝗹𝗼𝗯𝗮𝗹 𝗜𝗤𝗙 𝘃𝗲𝗴𝗲𝘁𝗮𝗯𝗹𝗲 𝗺𝗮𝗿𝗸𝗲𝘁 𝘀𝗶𝘇𝗲 𝘄𝗮𝘀 𝘃𝗮𝗹𝘂𝗲𝗱 𝗮𝘁 $𝟰.𝟳 𝗯𝗶𝗹𝗹𝗶𝗼𝗻 𝗶𝗻 𝟮𝟬𝟮𝟬, 𝗮𝗻𝗱 𝗶𝘀 𝗽𝗿𝗼𝗷𝗲𝗰𝘁𝗲𝗱 𝘁𝗼 𝗿𝗲𝗮𝗰𝗵 $𝟳.𝟭 𝗯𝗶𝗹𝗹𝗶𝗼𝗻 𝗯𝘆 𝟮𝟬𝟯𝟬, 𝗿𝗲𝗴𝗶𝘀𝘁𝗲𝗿𝗶𝗻𝗴 𝗮 𝗖𝗔𝗚𝗥 𝗼𝗳 𝟰.𝟮%. 𝗳𝗿𝗼𝗺 𝟮𝟬𝟮𝟭 𝘁𝗼 𝟮𝟬𝟯𝟬.

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IQF vegetable are types of frozen food products, which are preserved by using IQF technique that uses the fluidization approach. This results in freezing vegetable for 10–12 minutes and keeps the vegetable fresh for longer period of time. From the past few years, rise has been witnessed in the demand for IQF vegetable from the residential sectors. This is attributable to their availability throughout the year, and they minimize preparation time.

Top 10 Key Players:

>Dole Food Co.
>Capricorn Food Products India Ltd.
>J.R. Simplot Co.
>Cardinal Foods LLC
>B&G Foods Holdings Corp.
>ConAgra Foods
>Kerry Group Plc.
>Uren Food Group Limited
>Greenyard NV
>Pinnacle Foods

IQF vegetable requires adequate refrigeration and storage facilities. Rapidly increasing number of retail stores, including supermarkets and hypermarkets majorly in developed economies like Europe and North America has enabled easier availability of IQF vegetable, as these stores are equipped with deep refrigeration and improved storage facilities. Supermarkets, hypermarkets, and other high-end retail stores serve as a better distribution point for IQF vegetable.

The outbreak of coronavirus has negatively impacted the IQF vegetable industry along with all stages of supply chain and value chain. During this COVID-19 outbreak, declaration regarding the lockdown in various countries of the world has affected the production of food & beverages sector. This, in turn, has negatively impacted the growth of the IQF vegetables market in terms of sales and revenue generation.

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The global IQF vegetable market is segmented into nature, end user, distribution channel, and region. By nature, the market is classified into organic and conventional. On the basis of end user, it is categorized into commercial and residential. Depending on distribution channel, it is segregated supermarket/hypermarket, B2B, online store, and others. Region wise, the market is analyzed across North America (U.S., Canada, and Mexico), Europe (Germany, UK, France, Italy, Spain, Russia, and rest of Europe), Asia-Pacific (China, Japan, India, Australia & New Zealand, South Korea, ASEAN, and rest of Asia-Pacific), and LAMEA (Brazil, Saudi Arabia, South Africa, Argentina, and rest of LAMEA).

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𝗞𝗲𝘆 𝗙𝗶𝗻𝗱𝗶𝗻𝗴𝘀 𝗼𝗳 𝘁𝗵𝗲 𝘀𝘁𝘂𝗱𝘆:

>By nature, the conventional segment accounted for the highest IQF vegetables market share in 2020, and is estimated to grow at a CAGR of 4.1%.
>On the basis of end user, the commercial segment was the share contributor in 2020, and is expected to grow at a CAGR of 4.1% from 2021 to 2030.
>Depending on distribution channel, B2B was the prominent segment in 2020, and is projected to exhibit a CAGR of 3.5% during the forecast period.
>Region wise, North America occupied the maximum share in the market in 2020, and is expected to be the dominating segment during the IQF vegetables forecast period.

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𝗧𝗿𝗲𝗻𝗱𝗶𝗻𝗴 𝗥𝗲𝗽𝗼𝗿𝘁𝘀:-

𝗧𝗲𝘅𝘁𝘂𝗿𝗲𝗱 𝗩𝗲𝗴𝗲𝘁𝗮𝗯𝗹𝗲 𝗣𝗿𝗼𝘁𝗲𝗶𝗻 𝗠𝗮𝗿𝗸𝗲𝘁 𝘁𝗼 𝗥𝗲𝗮𝗰𝗵 $𝟮.𝟭𝟯 𝗕𝗻, 𝗚𝗹𝗼𝗯𝗮𝗹𝗹𝘆, 𝗯𝘆 𝟮𝟬𝟮𝟳 𝗮𝘁 𝟵.𝟮% 𝗖𝗔𝗚𝗥: 𝗔𝗹𝗹𝗶𝗲𝗱 𝗠𝗮𝗿𝗸𝗲𝘁 𝗥𝗲𝘀𝗲𝗮𝗿𝗰𝗵
https://www.globenewswire.com/en/news-release/2021/05/19/2232665/0/en/Textured-Vegetable-Protein-Market-to-Reach-2-13-Bn-Globally-by-2027-at-9-2-CAGR-Allied-Market-Research.html

𝗚𝗹𝗼𝗯𝗮𝗹 𝗩𝗶𝘁𝗮𝗺𝗶𝗻 𝗘 𝗠𝗮𝗿𝗸𝗲𝘁 𝘁𝗼 𝗥𝗲𝗮𝗰𝗵 $𝟯.𝟳𝟮 𝗕𝗶𝗹𝗹𝗶𝗼𝗻 𝗯𝘆 𝟮𝟬𝟮𝟴: 𝗔𝗹𝗹𝗶𝗲𝗱 𝗠𝗮𝗿𝗸𝗲𝘁 𝗥𝗲𝘀𝗲𝗮𝗿𝗰𝗵
https://www.globenewswire.com/en/news-release/2021/09/08/2293556/0/en/Global-Vitamin-E-Market-to-Reach-3-72-Billion-by-2028-Allied-Market-Research.html

David Correa
Allied Analytics LLP
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