This Iqf Fruits And Vegetables Market market study offers a comprehensive analysis of the business models, key strategies, and respective market shares of some of the most prominent players in this landscape. Along with an in-depth commentary on the key influencing factors, market statistics in terms of revenues, segment-wise data, region-wise data, and country-wise data are offered in the full study. This study is one of the most comprehensive documentation that captures all the facets of the evolving Iqf Fruits And Vegetables Market market.
IQF fruits and vegetables market across the globe supports by a meager percentage in consumption of total fruits and vegetables. However, according to the recent scenario, IQF fruits and vegetables market has gained significant importance owing to several benefits it provides, compared to fresh vegetables and fruits. With strong backup from technological advancements and benefits of IQF fruits and vegetables has resulted in ease of accessibility and affordability to the customers. Fast-paced life has led to consumer inclination towards hygienic and easily available fruit and vegetable products that eliminates conventional hassles of chopping and cleaning, thereby driving the IQF fruits and vegetables market on a larger basis. Growing consumer inclination towards longer shelf-life, healthy food and technological innovations in packaging will further fuel the growth of IQF fruits and vegetables market.
Rising demand from food manufacturers to preserve food products for longer period of time for usage as ingredient in final products is another major expanding the IQF fruits and vegetables market. Increasing number of working class population will continue to significantly contribute towards the maximum sales of IQF fruits and vegetables. Furthermore, IQF fruits and vegetables holds significant immune properties, which protects them from spoilage that occurs during vigorous transportation as well as exposure to light and heat. Manufacturers in IQF fruits and vegetables market are expected to drive their focus towards innovative promotions and packaging of IQF fruits and vegetables.
Market Growth Analysis
Disclaimer: This data is only a representation. Actual data may vary and will be available in the report.
IQF Fruits and Vegetables Market Segmentation
IQF fruits and vegetables is segmented on the basis of types which includes IQF fruits and IQF vegetables. IQF fruits is further sub-segment as berries, banana, mango, apple, papaya, pineapple, kiwi and others (guava and pomegranate). Among all these sub-segment berries is expected to be the highest in terms of revenue contribution. Berries are further categorized as strawberry, raspberry, blueberry and cranberry. Extensive usage of frozen berries in food industries such as in bakery products, desserts and others is expected to support its growth during the forecast period. Moreover, mango is expected to account for the healthy growth due to its high usage by dessert and juice manufactures. IQF vegetables is further sub- segment as carrot, beans, peas, corn, potato, broccoli, cauliflower and others (tomato, brinjal and cabbage). Among all these sub-segment peas is expected to be dominant in terms of revenue contribution followed by carrot and beans during the forecast period.
IQF fruits and vegetables is segmented on the basis of distribution channel which includes retail outlets, online stores and hypermarket/supermarket. Among all the segments hypermarket/supermarket is expected to occupy the dominant position on the pie in terms of market share followed by retail outlet. Increased consumption of seasonal frozen fruits and vegetables by end consumer is expected to support the growth of IQF fruits and vegetables through retail outlet. The major end-users of IQF fruits and vegetables are hotel/restaurant/catering and food manufacturers. Among all these end-user segment food manufacturers is expected to be dominant contributor in terms of revenue in the IQF fruit and vegetable market during the forecast. Increased usage of frozen fruits and vegetables primarily in desserts such as ice-cream, smoothies and also in juices is expected to support the demand of IQF fruits and vegetables market through food manufacturers.
Globally among all the regions North America is expected to account for the major market for IQF fruits and vegetables. The U.S. is expected to be the major revenue contributor in the IQF fruits and vegetables market followed by Canada. Increased usage of exotic fruits is expected to be the major factor driving the growth of IQF fruits and vegetables in North America region during the forecast period. Moreover, Asia Pacific is expected to account for the double digit CAGR during the forecast period. This growth is attributed to the increased disposable income and rising inclination of the consumer for more packaged and convenience food product across the region.
IQF Fruits and Vegetables Market Drivers
Rising demand of food products with longer shelf life coupled with the increasing demand of seasonal fruits and vegetables across the year is expected to support the growth of IQF fruit and vegetables market during the forecast period. Moreover, increasing demand of food manufacturers for preserving food product for longer period so that they could use it as an ingredient in their final product is also fuelling the demand of IQF fruits and vegetables market during the forecast period.
IQF Fruits and Vegetables Market Key Players
Some of the key players operating in IQF fruits and vegetables market includes SunOpta Inc, Fruktana Ltd, Capricorn Food Products India Ltd., Breukers Schamp Foods, Alasko Foods Inc, AXUS International LLC, Rasanco Ltd and Nimeks Organics among others.
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
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The report covers exhaustive analysis on:
- IQF Fruits and Vegetables Market Segments
- IQF Fruits and Vegetables Food Market Dynamics
- IQF Fruits and Vegetables Historical Actual Market Size, 2012 - 2014
- IQF Fruits and Vegetables Market Size & Forecast 2015 to 2025
- IQF Fruits and Vegetables Supply & Demand Value Chain
- IQF Fruits and Vegetables Market Current Trends/Issues/Challenges
- Competition & Companies involved
- IQF Fruits and Vegetables Technology
- Value Chain
- IQF Fruits and Vegetables Market Drivers and Restraints
Regional analysis for IQF Fruits and Vegetables Market includes
US & Canada
- IQF Fruits and Vegetables Market Detailed overview of parent market
- IQF Fruits and Vegetables changing market dynamics of the industry
- IQF Fruits and Vegetables Market In-depth market segmentation
- Historical, current and projected market size in terms of volume and value
- IQF Fruits and Vegetables Market Recent industry trends and developments
- IQF Fruits and Vegetables Market Competitive landscape
- IQF Fruits and Vegetables Market Strategies of key players and product offerings
- Market Potential and niche segments/regions exhibiting promising growth
- A neutral perspective towards market performance
- Must-have information for market players to sustain and enhance their market footprint