IQF Vegetable Market: Global Industry Analysis, Size, Trends, Growth, Trends, and Forecast 2019 - 2029

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IQF Vegetable Market: Global Industry Analysis, Size, Trends, Growth, Trends, and Forecast 2019 - 2029

Status : February, 2023 | Food and Beverages

Report Digest

Global IQF Vegetable Market: Overview

Swift and hassle free transport is the need of the hour today as demand for fresh products – fruits, vegetables, and beyond goes up drastically. This is a result of the new-age consumer being more aware regarding the benefits of fresh foods and ingredients. It therefore creates notable demand for all things fresh. In turn, this requires Individual Quick Freezing during procurement and distribution, driving up demand for IQF vegetables.

As per TMR Research, this will lead to massive growth in the global IQF Market. The CAGR will be steady and lead to a number of attractive avenues, promising a pathway to growth for a decent number of players. Technology plays a key role here and so does innovation.

Global IQF Vegetable Market: Notable Development

In the global IQF vegetable market, new opportunities will emerge for players – a result of stead growth anticipated in the market. This will lead players operating in the playfield, to have a sharp eye on growth dynamics and opt for appropriate strategies as per need. It is pertinent here that from the many growth strategies that players often resort to in the market, the most significant ones are mergers and acquisitions technological advancement, and research and development.

Top players operating in the slightly fragmented landscape of global IQF Vegetable Market are:

  • Greenyard NV
  • Kerry Group Plc.
  • J.R. Simplot Co.
  • SunOpta Inc.

Global IQF Vegetable Market:  Key Trends and Drivers

TMR Research has identified a slew of factors that are impacting growth in the global IQF market positively. The interplay among these is set to lead it on a steady upward growth curve over the forecast period of the upcoming report. A synopsis of these varied growth factors is outlined below:

  • Demand for fresh vegetables is seeing an upward trend and that is fuelling notable growth in the global IQF market. The demand comes from consumers as well industries such as food and beverages. Here, it is also pertinent to note that a robust distribution channel plays a critical role and therefore players are diverting attention to improving retail supply and supply chains and channels.
  • Increasing awareness regarding benefits of fresh vegetables is driving their demand in a major way. This will be supported over the forecast period owing to factors such as increase in disposable income across the world so consumers don not hesitate to pay a premium price for high quality products. This will contribute massively to growth anticipated for global IQF market over the stated assessment period.

Global IQF Vegetable Market:  Regional Analysis

Over the stated assessment period of the upcoming report of TMR Research, North America is slated to be the major market player. Robust supply chains in the market will be significant factors of growth in the region. The most notable contributors to growth will be two countries in the region – Canada and the United States of America. Availability and high demand for farm fresh vegetables is high and this is also contributing quite positively to growth in the regional IQF vegetable market over the forecast period. Retail chain plays a prominent role in easy availability and accessibility of these vegetables. Europe and Asia Pacific (APAC) region will also be attractive regions due to massive claim on market share and high growth rate respectively.

Global IQF Vegetable Market: Based on Product Type 

  • Beans
  • Peas
  • Corn & Baby Corn
  • Broccoli & Cauliflower
  • Potato
  • Onion
  • Tomato
  • Carrot
  • Others 

Global IQF Vegetable Market: Based on End-user

  • Retail Sector
  • Industrial Sector 

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5-Point Growth Formula

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The 5-point growth formula includes the following points:

  • Current and Future Threats
  • Accurate Trend Analysis
  • Regional Assessment
  • Industrial Analogy
  • COVID-19 Impact

Current and Future Threats

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Accurate Trend Analysis

Keeping up with the latest trends is crucial in any business or sector. While stakeholders are aware of the trends that are on the surface, TMR Researchers find trends that are deeply entrenched in the particular market or sector. The reports are constantly updated with the latest trends so that the stakeholders and CXOs can derive benefits from the trends and generate good revenues.

Regional Assessment

Demography forms an important part of the growth pattern of all the markets. Diving deep into the demographics enables maximum output from specific areas. The TMR Research team assesses every region and picks out the vital points that have a large impact on the growth of a market.

Industrial Analogy

The analysts at TMR Research conduct an all-round analysis on the competitive landscape of the market. The observations recorded by the analysts are added to the reports so that every stakeholder gets a glimpse of the competitive scenario and frame their business plans according to the situation.

COVID-19 Impact

The COVID-19 outbreak has changed the growth projections of numerous sectors and businesses. The analysts at TMR Research have conducted a conscientious survey on the markets after the pandemic struck. The analysts have put forth their brilliant and well-researched opinions in the report. The opinions will help the stakeholders to plan their strategy accordingly.

The reports offer answers to the top 7 questions that revolve around the growth of the market

  • What are the diverse growth parameters influencing the market?
  • Which regions will contribute largely to the growth of the market
  • What are the recent innovations and technological advancements in the market?
  • What are the emerging trends across the market?
  • How has COVID-19 affected the market?
  • What will be the post-pandemic scenario of the market?
  • What are the major threats that will dent the growth prospects of the market?