IQF Vegetables Market Poised for Remarkable Growth with a 4.8% CAGR Forecast from 2023 to 2033, reaching US$ 2.81 billion

IQF vegetables are rising in popularity as they are known as a convenient and healthy source of processed food. They are widely used in meals and as complimentary food. The United States market for IQF vegetables totalled US$ 479.5 million in 2022. Growing at a CAGR of 2.6%, the market is projected to reach US$ 549.7 million by 2033

/EIN News/ — NEWARK, Del, May 31, 2023 (GLOBE NEWSWIRE) — The worldwide IQF vegetables market is expected to reach up to US$ 1.68 billion in 2022. The IQF vegetable sector is rapidly expanding as a result of changes in lifestyle and eating habits, as well as the expansion of several big retail chains. It is expected to produce US$ 2.81 billion by 2033, with a CAGR of 4.8% from 2023 to 2033. Convenience foods have displaced other fruits and vegetables due to the high speed of urbanization, particularly in developing nations, as well as expanding disposable income and influence.

The market for IQF vegetables is increasing as a result of evolving technological developments, attractive packaging, simple storage, and general availability. Market sales have increased dramatically as a result of the availability of balanced refrigeration solutions and linked retail locations. Local mid and small-sized farms provide the majority of the product portfolios in this market.

Check the sample report available in PDF format@ https://www.futuremarketinsights.com/reports/sample/rep-gb-3378

Younger people are increasingly searching for foods that can be kept, and consumed right away, and also have a longer shelf life since they are actively involved in numerous professional responsibilities across the world, especially in emerging nations like China and India. In order to save time on a daily basis chopping and buying vegetables, working millennials opt to purchase IQF vegetables. The increase in demand for IQF vegetables appears to be more beneficial for goods that are easy to prepare and consume. Imports of frozen sweet potatoes, mainly from the United States, have risen in the European Union over the past four years, indicating a degree of consumer partiality.

Key Takeaways from the Market Study

• From 2018 and 2022, the worldwide IQF vegetable market grew at a CAGR of 3.1%.
• In the IQF industry, potato is the most popular vegetable type, with a controlling share of more than 26.2% in 2023.
• Food items containing IQF veggies are predicted to account for more than 76.4% of the market in 2033.
• In 2022, the US market for IQF vegetables will be worth $479.5 million.
• With an estimated volume of roughly 878 MT in 2022, the United Kingdom is one of Europe’s top markets for IQF vegetables.

“The main factors driving the market for IQF vegetables are consumers’ rising preferences for frozen goods, their curiosity about novel concepts, and their enthusiasm to sample foods with various nutritional profiles,” remarks an FMI analyst.

Discuss More with Our Experts: https://www.futuremarketinsights.com/ask-question/rep-gb-3378

Competitive Landscape

Technologies are being developed by businesses to enable the introduction of undiscovered fruits and vegetables that can maintain their nutritional content while lowering manufacturing costs. A growing number of businesses, including Capricorn Food Products India Ltd., Dole Food Co., and J.R. Simplot Co., are making investments in developing innovative IQF vegetable products.

Prominent players in the IQF vegetable market are:

• B&G Foods Holdings Corp.
• Capricorn Food Products India Ltd
• ConAgra Foods Inc.
• Dole Food Co.
• Greenyard NV
• J.R. Simplot Co.
• Kerry Group Plc.
• Pinnacle Foods, Inc.
• SunOpta Inc.
• Uren Food Group Limited

Some key developments of the leading companies in this market are:

• In 2022, TOMRA, a supplier of technology-driven solutions for sophisticated collecting and sorting technologies and food processing with headquarters in Norway, introduced TOMRA 5C, a high-end produce sorting machine using BSI technology. Precision frozen vegetable sorting is made possible by the machine’s innovative design, which features one-of-a-kind high-resolution lasers combined with biometric signature identification (BSI) technology. The system compares good and poor materials using BSI technology and even detects minor flaws.
• In May 2022, Growers Express, LLC’s frozen vegetable production activities were purchased by B&G Foods, Inc., a US-based manufacturer of premium, branded easily stored and frozen foods, for an undisclosed sum. B&G Foods and Growers’ combined resources should improve innovation initiatives and speed to market through this transaction. Revolutionary frozen vegetable product maker, producer, and retailer Growers Express, LLC is situated in the United States.

More Valuable Insights Available

Future Market Insights offers an unbiased analysis of the global IQF vegetable market, providing historical data for 2018 to 2022 and forecast statistics from 2023 to 2033.

To understand opportunities in the IQF vegetables market, the market is segmented on the basis of IQF vegetables by type (potato, onion, tomato, carrot), application (food, beverage, concentrate) and across five major regions (North America, Latin America, Europe, Asia Pacific and Middle East & Africa).

Get Special pricing with a flat 20% Discount on the purchase of this report@ https://www.futuremarketinsights.com/checkout/3378

Key Segments Profiled in the Global IQF Vegetables Market Survey

By Type:

• Beans
• Peas
• Corn and Baby Corn
• Broccoli and Cauliflower
• Potato
• Onion
• Tomato
• Carrot

By Application:

• Food
  • Bakery, Confectionary & Snack Food
  • Dairy & Dessert
  • Cooking food
  • Ready-to-Eat Food
• Beverage
  • Juice
  • Other Non-alcoholic Beverages
  • Concentrate

By Region:

• North America
• Latin America
• Europe
• Asia Pacific
• Middle East and Africa

Table of Content

1. Executive Summary

    1.1. Global Market Outlook

    1.2. Demand-side Trends

    1.3. Supply-side Trends

    1.4. Technology Roadmap Analysis

    1.5. Analysis and Recommendations

2. Market Overview

    2.1. Market Coverage / Taxonomy

    2.2. Market Definition / Scope / Limitations

3. Market Background

    3.1. Market Dynamics

        3.1.1. Drivers

        3.1.2. Restraints

        3.1.3. Opportunity

        3.1.4. Trends

4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033

    4.1. Historical Market Size Value (US$ Million) & Volume (MT) Analysis, 2018 to 2022

    4.2. Current and Future Market Size Value (US$ Million) & Volume (MT) Projections, 2023 to 2033

        4.2.1. Y-o-Y Growth Trend Analysis

        4.2.2. Absolute $ Opportunity Analysis

5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Type

    5.1. Introduction / Key Findings

    5.2. Historical Market Size Value (US$ Million) & Volume (MT) Analysis By Type, 2018 to 2022

    5.3. Current and Future Market Size Value (US$ Million) & Volume (MT) Analysis and Forecast by Type, 2023 to 2033

Request a Complete TOC of this Report with figures@ https://www.futuremarketinsights.com/toc/rep-gb-3378

About the Food and Beverage Division at Future Market Insights

The food and beverage team at Future Market Insights offers expert analysis, time-efficient research, and strategic recommendations with the objective to provide authentic insights and accurate results to help clients worldwide. With a repertoire of over 100+ reports and 1 million+ data points, the team has been analyzing the industry lucidly in 50+ countries for over a decade. The team provides a brief analysis of key trends including competitive landscape, profit margin, and research development efforts.

Top Reports Related To Food and Beverage Market Insights

IQF Fruits and Vegetables Market Size: The IQF Fruits and Vegetable market is valued at USD 116.3 Billion in 2022 and is projected to grow at a CAGR of 3.6% during the forecast period, to reach a value of USD 165.7 Billion by 2032. 

Dehydrated Vegetables Market Share: The global dehydrated vegetables market was valued at US$ 72.7 billion in 2022 and is projected to reach US$ 159.6 billion by 2033. 

Frozen Vegetables Market Trend: The global frozen vegetables market is estimated to be valued at US$ 32.4 Bn in 2022 and is projected to reach US$ 55.8 Bn by 2032. The global market is anticipated to exhibit a CAGR of 5.6% from 2022 to 2032.

Canned Vegetables Market Analysis: Global demand for canned vegetables is expected to reach a market valuation of US$ 22.5 Billion by the year 2022, accelerating at a CAGR of 3.9% over the forecast period (2022 to 2032). 

Vegetable Sugar Market Forecast: Global Vegetable Sugar Market is expected to grow at an of CAGR 4.8%. The market value is projected to increase from US$1,932.9 Million in 2022 to US$3,089.0 Million by 2032. 

Vegetable Glycerin Market Overview: According to the research of Future Market Insights, the market for Vegetable Glycerin is anticipated to expand at a CAGR of 5.3% over the forecasted time period.

Vegetable Concentrates Market Demand: The global vegetable concentrates market size is expected to reach US$ 5 Bn in 2022, with demand accelerating at a CAGR of 4.1% over the forecast period. Against this backdrop, the market.

Vegetable Waste Products Market Value: The vegetable waste products market is likely to record a moderate CAGR of 5.2% during the forecast period. The market is currently valued at US$ 40 Bn and is likely to reach US$ 64.21 Bn by 2032.

Vegetable Shortening Market Growth: The vegetable shortening market is estimated to secure a valuation of US$ 5.3 Billion in 2023 and is estimated to rise to US$ 7.7 Billion by 2033. 

Vegetable Powders Market Sales: The vegetable powders market is estimated to secure a valuation of US$ 7.2 Billion in 2023 and is estimated to rise to US$ 12.0 Billion by 2033. 

About Future Market Insights (FMI):

Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization, and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel, and End Use over the next 10 years.

Contact Us:

Future Market Insights, Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
LinkedIn | Twitter | Blogs
For Sales Enquiries: [email protected]
Browse Other Reports: https://www.futuremarketinsights.com/reports

Old Source: IQF Vegetables Sales to Grow at 4.5% CAGR as Demand for Healthy Food with Longer Shelf Life Continues Increasing: Future Market Insights Finds in Latest Survey