The Global IQF Fruits & Vegetables market, generated sales amounting to USD 5,917.0 million in 2019. The industry is estimated to reach USD 6,855.0 million in 2024. Over the assessment period from 2024 to 2034, the global market is projected to expand at a compound annual growth rate (CAGR) of 3.1%, culminating in a size of USD 9,763.5 million by the end of 2034.
The global IQF (Individually Quick Frozen) fruits and vegetables market has witnessed various major trends that have shaped its development over time. One of the main ones is the increasing demand for convenience food that is healthy, easy to prepare and which require minimal or no cooking. The popularity of IQF products has grown as they offer both ease of use like any other processed food item and freshness of produce which makes it healthy for human consumption too.
Another trend coming up is Sustainability affecting this market. Consumers are becoming more aware of environmental issues; this is driving them towards eco-friendly products. Thus IQF manufacturers have adopted efficient freezing technologies that involve minimal water use as well as energy saving during the process thus reducing environmental pollution from thawing methods used in traditional preservation techniques – these may include plastic containers made out of recycled paperboard or cartons with biodegradable films inside them instead plastics bottles.
There is also an increasing focus on diversified options within IQF products. Manufacturing has become more diverse with new types of crops coming up such as rare fruits & vegetables targeting unique tastes found the world over amongst people who prefer trying out different meals throughout cultures blending globally together; thanks to those changing dietary patterns everywhere on earth! To enhance quality, quick freezing methodologies have improved. Innovations in this industry are ensuring that fruits and vegetables maintain their taste, texture and nutrition better than traditional freezing techniques.
The market has also seen an increase in the demand for organic IQF products. This is because health-conscious people want organic items as they think these would be healthier than normal ones; it is believed by many that they contain fewer chemicals which makes them safer for everyone including children. As a result of this trend, more players are entering the organic IQF sector thereby broadening the market scope even further. These tendencies demonstrate a lively marketplace, which takes into account customers’ changing tastes and ethical concerns while being capable of providing room for future growth as well as possibilities for innovations to occur.
Who is winning?
Only a new product with exceptional functionality and competitive price can become successful, as this market is one with price and effectiveness playing significant roles in the embracing of the product. Therefore, companies able to create such products and market them effectively to a specific consumer base hold the potential for market share expansion.
Leading IQF Fruits & Vegetables Brands
- Novozymes A/S
- Advanced Enzymes Technologies Ltd
- BASF SE
- Royal DSM N.V.
- E.l. Du Pont de Nemours & Company
- Rossari Biotech Limited
- AB Enzymes GmbH
- Lallemand Inc.
- Amano Enzymes Inc.
- Biocatalysts Limited
- Creative Enzymes
- Nagase & Co., Ltd.
- Chr Hansen Holding A/S
- Jiangsu Boli Bioproducts Co. Ltd.
- Kemin Industries, Inc
- Others
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Key Segments of Market Report
By Product Type:
As per Product Type, the industry is categorized into Fruits (Berries, Banana, Mango, Apple, Papaya, Others) and Vegetables (Potato, Tomato, Broccoli & Cauliflower, Others).
By End Use:
As per End Use, the industry is categorized into Food (Bakery, Confectionary & Snack Food, Dairy & Dessert, Cooking food, Ready-to-Eat Food), Beverage (Juice, Other Non-alcoholic Beverages), and Concentrate.
By Region:
Industry analysis has been carried out in key countries of North America, Latin America, Europe, East Asia, South Asia, Oceania, and the Middle East & Africa.
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