iCrowdNewswire Jan 2, 2021 6:35 AM ET
The global IQF fruits and vegetables market is expected to exhibit a solid 5.5% CAGR over the forecast period from 2019 to 2024, according to the latest research report from Market Research Future (MRFR). The global IQF fruits and vegetables market is expected to reach a valuation of USD 13 billion by 2024, according to the report. The global IQF fruits and vegetables market is profiled in great detail in the research report, providing readers with a comprehensive overview of the market through its historical growth trajectory, present conditions, and future growth prospects. The historical stats of the IQF fruits and vegetables market are detailed in the report, in order to provide readers with a complete overview of the market’s historical growth trajectory. The historical stats provided in the report also give analysts a solid platform to base future projections about the market. Based on this platform, future projections for the IQF fruits and vegetables market’s growth trajectory over the forecast period are provided in the report.
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The leading players in the global IQF fruits and vegetables market are also profiled in the report in order to give readers a comprehensive analysis of the leading players in the global IQF fruits and vegetables market. The major drivers and restraints affecting the global IQF fruits and vegetables market are also profiled in the report to provide readers a comprehensive overview of what’s making the market tick and what is holding the market back. The impact of the COVID-19 pandemic on the IQF fruits and vegetables market is also assessed in the report.
IQF, or individual quick freezing, is a freezing technique used in food processing and storage. The benefits of IQF technology are that the process takes less time than conventional freezing techniques. The technique takes only a few minutes, depending on the freezer being used and the size of the product being frozen. The technique also prevents the formation of ice crystals in the products. Ice crystals, which are a common consequence of conventional freezing techniques, can lead to ruptures of cell walls of the product, leading to aesthetically unappealing products after thawing. This also helps the products retain their taste, smell, and texture after being defrosted. Such benefits of the IQF technique are the primary driver for the global IQF fruits and vegetables market.
The increasing demand for processed and frozen fruits and vegetables is likely to be a major driver for the global IQF fruits and vegetables market over the forecast period. Frozen fruits and vegetables have become important in urban areas of the world, where buying fresh can be too time-consuming for the busy urban populace. This leads to bulk buying of frozen fruits and vegetables to be used later at the user’s leisure. This is likely to remain a major driver for the global IQF fruits and vegetables market over the forecast period.
Leading players in the global IQF fruits and vegetables market include AXUS International LLC, Alasko Foods Inc., Shimla Hills Offerings Pvt. Ltd., Frutex Australia Pty Ltd., Milne Fruit Products Inc., Fruktana Ltd., Rosemary & Thyme Ltd., BS Foods BV, Uren Food Group Ltd., Capricorn Food Products India Ltd., SunOpta Inc., and Ardo NV.
The global IQF fruits and vegetables market is segmented based on product type, category, application, and region.
By product type, the global IQF fruits and vegetables market is segmented into fruits and vegetables. The fruits segment is further sub-segmented into berries, banana, mango, apple, papaya, and others, while the vegetables segment is segmented into potato, tomato, broccoli and cauliflower, and others.
By category, the global IQF fruits and vegetables market is segmented into organic and conventional.
By application, the market is segmented into household and industrial.
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North America is likely to dominate the global IQF fruits and vegetables market over the forecast period due to the growing demand for frozen fruits and vegetables in the region.
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