IQF Fruits & Vegetables Market Overview
The IQF fruits & vegetables market is expected to reach USD 7190.7 million during the forecast period and at a CAGR of 4.30% by 2030, which is subject to increase. In recent years, demand for conventional, organic, and frozen foods and beverages has soared. In European and North American countries, consumption is high. As a result, the industry is incorporating it into the majority of industries around the world. The food industry is rapidly expanding, and it is the primary market driver for the worldwide IQF fruits & vegetables market. The increasing food sector in hotels and restaurants is seeking more fruits and vegetables as a result of this market-driving potential. And, to keep up with demand, the major firms are increasing their massive supply capacity. They are also putting in place new production methods to pick up the pace. Aside from that, inhabitants and ordinary people are becoming more interested in natural products. It's because of the increased health risks associated with the intake of chemically laced foods. As a result, the fruits and vegetable industry is using organic measures to produce a variety of fruits and vegetables to fulfill individuals' natural consumption demands.
As of COVID 19, every industry had been impacted in some way. The IQF fruits & vegetables market is not specified. The majority of the businesses failed to owe to a lack of staff and export services. Fruits and vegetables were unable to be transported from farms to processing plants. As a result, the supply rate was reduced, but demand had already reached critical levels.
Key Players
The major IQF fruits & vegetables key market players are Axus International LLC. (US), Alasko Foods Inc. (Canada), Shimla Hills Offerings Pvt. Ltd. (India), Frutex Australia Pty Ltd. (Australia), Milne Fruit Products Inc. (US), Rosemary & Thyme Ltd.(UK)., BS Foods B.V. (the Netherlands), Uren Food Group Ltd. (UK), Capricorn Food Products India Ltd. (India), SunOpta Inc. (Canada), and Ardo N.V. (Belgium).
Market Segmentation
Based on the product, the global IQF fruits & vegetables market is segmented into fruits (berries, bananas, apples, papaya, mango, and others) and vegetables (potato, tomato, broccoli, cauliflower, and others).
Based on the category, the global IQF fruits & vegetables market is segmented into organic and conventional.
Based on the application, the global IQF fruits & vegetables market is segmented into household and industrial.
Based on the region, the global IQF fruits & vegetables market is segmented into North America, Europe, Asia-Pacific, and Other parts.
Regional Classification
During the historic forecast period, North America dominated the sector, with the biggest IQF fruits & vegetables market share. The leading companies across the region have anticipated the largest revenue by the end of the current forecast years, owing to the ongoing rise in demand for organic goods and vegetables. To achieve the projected range, all of the other regions are also contributing moderately. For the IQF fruits and vegetable market, household consumption is also strong. In India, demand is growing rapidly, while the Middle East and Africa provide significant export opportunities. The global market is overcoming pandemic obstacles and is on track to meet revenue expectations.
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