IQF Fruits and Vegetables Market : Rising Demand For Juicing Fruits And Vegetable Products Expected To Aid Market Expansion

IQF Fruits and Vegetables Market Overview

According to a recent survey conducted by ChemView Consulting, the Global IQF Fruits and Vegetable Market grew at a CAGR of 4.8% between 2017-2021 and is estimated to be US$ 9,432.8 Mn in 2022. Currently, the market is anticipated to grow at a CAGR of 4.3% and is expected to reach a valuation of US$ 14,370.9 Mn by 2032 end.

Throughout the projected period, the market is anticipated to grow in response to rising demand for juicing fruits and vegetable products that are packaged in their natural form as sprouts, flours/barley, dehydrated powders, and granulated powders has increased as a result of the growing demand for healthy and nourishing food among various population segments and the increasing focus on product quality, health benefits, and sustainability.

ChemView Consulting has analyzed that the Frozen fruits & vegetable market is expected to grow exponentially during the forecast period. A shift has been observed in consumers towards frozen fruits and vegetables due to many consumers opting for vegan diets.

Since the last couple of years, manufacturers have observed major transformations, providing specific dietary requirements such as dairy-free, vegan, sugar-free, gluten-free, and plant-based products.

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Segments Covered in Report

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 and Country:

  • North America (U.S., Canada)
  • Latin America (Brazil, Mexico, Rest of Latin America)
  • Europe (Germany, Italy, France, UK, Spain, Netherlands, Norway, Russia, Rest of Europe)
  • Asia-Pacific (China, Japan, South Korea, India, Indonesia, Thailand, Vietnam, Australia & New Zealand, Rest of Asia-Pacific)
  • Middle East (Saudi Arabia, Turkey, UAE, Rest of Middle East)
  • Africa (South Africa, Nigeria, Egypt, Rest of Africa)

Key Takeaways from the IQF Fruits and Vegetables Market

  • Based on the Product type, At 23.4% of the market, potatoes had the greatest revenue share. Currently, IQF potatoes are used in fast food and other processed products. In recent years, as consumers want more of these potato products, there’s a growing demand for IQF potatoes.
  • Based on the End Use, The commercial segment was anticipated to be the biggest contributor to revenue growth during the forecast period. This is attributed to the fact that IOF vegetables require less time for preparation and reduce customer waiting time.
  • Based on Region, the North American market held a sizeable revenue share of 39.0%. The United States continues to be the world’s biggest consumer of fruits and vegetables. Due to IQF Fruits & Vegetables’ year-round availability and ease of preparation, demand is rising.

Competition Summary

Key companies covered in the market study are Novozymes A/S, Advanced Enzymes Technologies Limited, BASF SE, Royal DSM N.V., and 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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Report Key Highlights and Coverage

  • Our comprehensive, data-backed, and facts-oriented report provides niche and cross-sectional analysis at global and country levels.
  • Assessment of the historical (actual data) and current market size (2017-2021), market projections (2022-2032), and CAGR.
  • The market assessment across North America, Europe, East Asia, South Asia & Pacific, Latin America, Middle East, and Africa.
  • Competitive tactical intelligence, key strategies adopted by top players, production capacity and company shares analysis, product brand surveys, and export-import analysis
  • Pricing analysis to set and benchmark your current or future offerings across each product type helps you understand whether your pricing strategy is aligned with market expectations and can be compared to market disruptions.
  • Predictions on critical supply and demand trends and technological expertise needed to address operations scalability.
  • Consumer behavior shifts and their implications for players, list of end-users, and their consumption analysis.
  • Key drivers, restraints, opportunities, and emerging trends impacting the market growth.
  • Value chain analysis (list of manufacturers, distributors, end-users, and average profitability margins).
  • Strategic market analysis, recommendations, and future headways on crucial winning strategies.

About ChemView Consulting

ChemView Consulting is a leading information, market intelligence, and business consulting firm serving clients worldwide in Chemical & Materials, Food & Beverage, Oil & Gas, Clean Energy & Power, and Packaging domains. In their business transformation journey, we have been collaborating with global enterprises, including 70% of the largest Forbes 1000 enterprises, helping them deliver on their business ambitions. ChemView Consulting serves clients in approximately 100 countries, with its office in New York, U.S., and Pune, India.

What sets ChemView Consulting apart?

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