IQF Fruits and Vegetables Market
Market Insights on IQF Fruits and Vegetables covering sales outlook, demand forecast & up-to-date key trends
IQF Fruits and Vegetables Market By Product Type, End Users & Region | Forecast 2022 to 2032
IQF Fruits and Vegetables Market Outlook (2022 to 2032)
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. Newly released data from Future Market Insights market analysis shows that global IQF Fruits and Vegetables demand is projected to grow year-on-year (Y-o-Y) growth of 4.5% in 2022.
Market Size Value in 2022 |
USD 116.3 Billion |
Market Forecast Value in 2032 |
USD 165.7 Billion |
Global Growth Rate (2022 to 2032) |
3.6% CAGR |
Forecast Period |
2022 to 2032 |
Collective Value Share: Top 3 Countries (2021A) |
41.5% |
Individual Quick Freezing, often known as IQF, is a non-thermal method of food preservation that doesn't require the use of any chemicals. Such a method is frequently employed to preserve fruits and vegetables. Regarding the use of IQF in food preservation, such a procedure offers several advantages. These benefits include extending the shelf life of food products, maintaining their flavor and freshness, and more.
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2017 to 2021 IQF Fruits and Vegetables Market Outlook Compared to 2022 to 2032 Forecast
The market grew with a CAGR of 3.1% between 2017 and 21, as several causes, including the expansion of the food and beverage industry, have contributed to the enormous rise of the IQF fruits and vegetable market.
The leading competitors in the IQF fruits and vegetables market have a tremendous market opportunity due to customers' growing preference for fruits and vegetables as well as their growing need for products with a longer shelf life. The total expansion of the IQF fruits and vegetable market, however, is anticipated to be hampered by price fluctuations in produce.
IQF Fruits and Vegetables and the food industry
The quality and longevity of products that consumers buy are the main factors driving demand. The FDA has designated IQF fruits as GRAS (Generally Recognized as Safe), making them a secure alternative for all manufacturers. IQF fruits play a crucial role in contemporary baked goods like jams and jellies. Additionally, the demand for berry-type fruits has been steadily rising in developed countries like Europe, which is promoting the expansion of IQF fruits.
Moreover, red tart cherries, also known as sour cherries, are farmed in the USA and are produced as IQF fruit. When they are picked, they are a vivid red color. They have a sour-sweet flavor that is drawing consumers from many different nations. Major producers have noticed a rise in demand for red tart cherries in IQF products.
Demand for red tart cherries is growing both domestically and internationally as people become more aware of their excellent taste and distinctive balance of tart and sweet flavor, as well as their appealing brilliant red color and high nutritional value. In the IQF fruit market, red tart cherries appear to be a promising newcomer, and in the years to come, their consumption is anticipated to increase.
In the past few years, freezing technology has undergone a great deal of innovation, such as the advent of IQF technology for IQF fruits. One of the most active markets and largest segments in the food industry is frozen fruits. Cold storage freezing and IQF freezing are the two main categories of freezing procedures. These are two entirely distinct approaches, and the results exhibit clear differences. While IQF fruit freezing is used for smaller food items like berries, fruits, veggies, etc., cold store freezing is utilized for large quantities of products like whole chickens, meat, etc. It takes a while for the product to get completely frozen in a cold store.
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Talk to AnalystCountry-wise Insights
Will the USA Continue Leading IQF Vegetable and fruits Market?
The USA market for IQF fruits and vegetables is anticipated to expand at a CAGR of 4.7% between 2022 and 2032. The world's largest consumer of fruits and vegetables is still the USA Demand is growing as a result of the year-round availability and simplicity of preparation of IQF Fruits & Vegetables. Increased consumption is having an impact on growth since IQF fruits and vegetables require less time to prepare because they are available in processed, ready-to-cook form.
Will Germany Emerge as a Lucrative Market for IQF Vegetables and fruits?
Germany's IQF fruit and vegetable market is anticipated to grow at a rate of roughly 2.8% CAGR and account for a value share of 19.2% of Europe in 2022. The German IQF fruit and vegetable market has grown as a result of consumers' increased price sensitivity. The demographics of German consumers favor older people and households with only one member. Due to the decline in traditional family meals, demand for single-portion goods like IQF fruits and vegetables has surged.
Category-wise Insights
Which is the top-selling IQF Vegetable type?
In the IQF sector, potatoes are the most popular type of vegetable and will command a commanding share of more than 23.4% in 2022. Over the projection period, the segment is anticipated to develop at a CAGR of 4.2%. In terms of global output, potatoes are a well-liked staple, ranking fourth after wheat, rice, and maize. Commercially, it is eaten either as processed potatoes or as fresh potatoes.
One of the most popular types of processed potatoes is IQF. They take little time to make and provide a range of vitamins and nutrients in a preserved, naturally occurring form that has a long shelf life. Because there are more fast food restaurants and consumers seeking healthier options, the demand for IQF potatoes is rising quickly.
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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 Dole Food Co., Capricorn Food Products India Ltd., and J.R. Simplot Co., are making investments in developing innovative IQF vegetable products.
The SORTEX® FA series machines from Buhler were purchased by Turkey-based Fine Food in August 2020, enabling the business to increase production capacity while enhancing export and distribution requirements.
In March 2021, REMS Frozen Foods was introduced. The company will specialize in IQF products and import ingredients for frozen food for its operations in China, the USA Spain, Egypt, and Eastern Europe.
To establish a processing plant for the creation of sweet potato fry goods, Cardinal Foods LLC, a pioneer in the IQF market, formed a joint venture with Russet House.
Scope of Report
Attribute |
Details |
Market Size Value in 2022 |
USD 116.3 Billion |
Market Forecast Value in 2032 |
USD 165.7 Billion |
Global Growth Rate |
3.6% CAGR |
Forecast Period |
2022 to 2032 |
Historical Data Available for |
2017 to 2021 |
Market Analysis |
MT for Volume and USD Billion for Value |
Key Regions Covered |
North America, Latin America, Europe, East Asia, South Asia, Oceania, and Middle East and Africa(MEA) |
Key Countries Covered |
USA Canada, Brazil, Mexico, Argentina, Chile, Peru, Germany, France, Italy, Spain, United Kingdom, Netherlands, Belgium, Nordic, Russia, China, Japan, South Korea, India, Thailand, Malaysia, Indonesia, Singapore, Australia, New Zealand, GCC Countries, South Africa, Central Africa, North Africa, and others |
Key Market Segments Covered |
Product Type, End Use |
Key Companies Profiled |
|
Pricing |
Available upon Request |
IQF Fruits and Vegetables Market by Category
By Product Type:
- Fruits
- Berries
- Banana
- Mango
- Apple
- Papaya
- Others
- Vegetables
- Potato
- Tomato
- Broccoli & Cauliflower
- Others
By End-Use:
- 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
- East Asia
- South Asia
- Oceania
- Middle East & Africa
Frequently Asked Questions
How much worth is the IQF Fruits and Vegetable industry?
The IQF Fruits and Vegetable market is estimated to reach sales of nearly USD 116.3 Billion by 2022.
At what CAGR is the market expected to expand through 2032?
IQF Fruits and Vegetables market revenue is expected to increase at a CAGR of around 3.6% during the period 2022 to 2032.
How was the performance of IQF Fruits and Vegetables over the past half-decade?
IQF Fruits and Vegetable sales increased a CAGR of around 3.1% over the past half-decade.
What will be the market for Fruit & Vegetable ingredients worth in 2032?
The global IQF Fruits and Vegetables market value is estimated to be around USD 165.7 Billion in 2032.
Which are the top countries driving the IQF Fruits and Vegetable market demand?
The top countries driving the IQF Fruits and Vegetables demand are the USA, Germany, China, and the United Kingdom.
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