IQF Vegetable Market

IQF Vegetable Market: Global Industry Analysis and
Opportunity Assessment, 2016-2026
May 2017
Report Id : REP-GB-3378
Status : Apr - 17
Category : Food and Beverages
©2015 Future Market Insights, All Rights Reserved
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IQF Vegetable Market
The commercial advantage of keeping individually quick frozen (IQF) vegetables in stock continues to drive
their demand among retailers, grocery stores and independent vegetable & fruit vendors from around the
world. The global demand for IQF vegetable is expected to rise on the account for their longer shelf lives,
speedy processing of foods, and robust supply chain. Future Market Insights projects that such factors will
instrument a steady growth in global consumption of IQF vegetables. By the end of 2026, more than 25
thousand tonnes of IQF vegetables will be sold across the globe, bringing in revenues worth over US$ 2,000
Mn.
Future Market Insights’ report, titled “IQF Vegetable Market: Global Industry Analysis and Opportunity
Assessment, 2016-2026,” estimates that the global market for IQF vegetables is presently valued over US$
1,288.3 Mn, recording global sales of a little over 16,900 tonnes of IQF vegetable in the world. However, in
terms of volume and value, the global IQF vegetable market is expected to showcase a moderate growth
over the forecast period. Registering a value CAGR of 4.5% and a volume CAGR of just over 4%, the global
demand for IQF vegetable is expected to be inhibited by
 increasing risk of consuming Listeria monocytogene bacteria through IQF vegetable,
 strict regulations that forbid the use of IQF vegetable due to rising occurrence of bacteria and viruses, and
 fluctuating prices & availability of raw materials
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IQF Vegetable Market
The report also reveals that out of prominently-consumed IQF vegetables in the world, IQF potatoes,
tomatoes and broccoli & cauliflower will remain in great demand. Although, peas are expected to be
observed as top-selling vegetable in the global market, registering fastest revenue growth at 5.8% CAGR.
Over 70% of global IQF vegetable revenues are anticipated to be accounted by food applications. During the
forecast period, the demand for IQF vegetable in food production is expected to gain traction. Towards the
end of 2026, close to 60% of global IQF vegetable revenues accounted by food applications will be
accounted by cooking food applications. Among the beverage applications of IQF vegetables, juices are
expected to dominate global revenues by the end of 2026.
Global IQF Vegetable Market: Regional Insights
Large population coupled with preference towards frozen food and high disposable income contributed to a
large share of U.S. in IQF vegetable market. Around 71% of vegetables sold in U.S. are in frozen form due to
knowledge of frozen food and high income of individuals in the country. Many developing countries such as
India and Russia are following the footsteps of U.S. and people living in these countries started preferring
frozen vegetables. Since a large portion of population in India and Russia can afford locally-produced IQF
Vegetable, the market will foresee a rise in demand.
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IQF Vegetable Market
Key findings in the report currently indicate Western Europe as the largest market for IQF vegetable in the
world. However, the region will witness a marginal decline in its market share towards the end of 2026.
North America’s IQF vegetable market is also expected to show a sluggish revenue growth at 2.2% CAGR.
Latin America and the Asia-Pacific excluding Japan (APEJ) region, on the other hand, are projected to remain
fast-growing IQF vegetable markets, depicting an impressive value CAGR of over 7%. The most lucrative
region for growth of IQF vegetable will be Middle East & Africa (MEA), revenues from which are slated to
soar at 8.7% CAGR.
Global IQF Vegetable Market: Vendor Insights
 Capricorn Food Products India Ltd. is trying to increase the production of IQF vegetables from their
existing facilities located in India
 ConAgra Foods Inc. is continuously buying small scale IQF vegetable manufacturers of China to increase
the supply and reduce the prices
 In 2015, Dole Food Co. and Pinnacle Foods Inc. imposed a collective company share of nearly 25% on
global IQF vegetable market
 Other key players of global IQF vegetable market include B&G Foods Holdings Corp., Greenyard NV, J.R.
Simplot Co., Kerry Group Plc., SunOpta Inc., and Uren Food Group Limited.
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Table of Content
1. Global IQF vegetable Market Executive Summary
2. Global IQF vegetable Market Overview
2.1. Introduction
2.1.1. Global IQF vegetable Market Definition
2.1.2. Global IQF vegetable Market Taxonomy
2.2 Parent Market Overview
2.3. Market Dynamics
2.3.1. Drivers
2.3.1.1. Economic Side Drivers
2.3.1.2. Demand Side Drivers
2.3.1.3. Supply Side Drivers
2.3.2. Restraints
2.3.3. Trends
2.3.4. Opportunities
2.4. PESTEL Analysis
2.5. Porter's Five Force Model
2.6. Policies and Regulatory Landscape
2.6.1. U.S.
2.6.2. Japan
2.6.3. Germany
2.6.4. France
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Table of Content
2.6.5. United Kingdom
2.6.6. Belgium
2.6.7. Italy
2.6.8. South Korea
2.6.9. Netherlands
2.6.10. Spain
2.6.11. Canada
2.6.12. Australia
2.6.13. China
2.6.14. Russia
2.6.15. GCC region
2.6.16. Others (Italy, Austria etc.)
2.7. Survey
2.8. Global IQF Fruit and Vegetable Market Forecast 2015-2026
2.8.1. Pricing Analysis
2.8.1.1. Pricing Analysis by Region
2.8.1.2. Pricing Analysis by Product Type
2.8.1.3. Key Takeaways
2.8.2. Market Size & Forecast
2.8.2.1. Market Scenario Forecast (Likely, Optimistic and Conservative
Scenario)
2.8.2.2. Absolute $ Opportunity
2.8.3. Value
Chain
Analysis
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Future Market
Insights, All Rights Reserved
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Table of Content
3. Global IQF vegetable Market, by Vegetable type
3.1. Summary
3.2. Snapshot
3.3. Analysis & Forecast, by Vegetable type
3.4. Market Share and Y-o-Y Growth Analysis, by Vegetable type
3.5. Market Value Forecast by Vegetable type, 2016–2026
3.5.1. Beans
3.5.2. Peas
3.5.3. Corn and Baby Corn
3.5.4. Broccoli and Cauliflower
3.5.5. Potato
3.5.6. Onion
3.5.7. Tomato
3.5.8. Carrot
3.6. Market Attractiveness by Vegetable type
4. Global IQF vegetable Market, by Application
4.1. Summary
4.2. Snapshot
4.3. Analysis & Forecast, by Application
4.4. Market Share and Y-o-Y Growth Analysis, by Product type
4.5. Market Value Forecast by Application, 2016–2026
4.5.1. Food
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Table of Content
4.5.1.1. Bakery, Confectionary and Snack food
4.5.1.2. Dairy and Dessert
4.5.1.3. Cooked food
4.5.1.4. Ready to eat food
4.5.2. Beverage
4.5.2.1. Juice
4.5.2.2. Other Non-alcoholic beverages (Sherbet, etc.)
4.5.3. Concentrate
4.6. Market Attractiveness by Application
5. Global IQF vegetable Analysis and Forecasts, by Region
5.1. Summary
5.2. Snapshot
5.3. Analysis & Forecast, by Region
5.4. Market Share and Y-o-Y Growth Analysis, by Product type
5.5. Market Attractiveness by Region
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