Individual quick freezing (IQF) is one of the major technology used to keep variety of vegetables. IQF or individual quick freezing is the process of quickly freezing each unit of product separately, by using cold air that is blown at a high speed on a fluidized bed. Products that are frozen using IQF technology have better flavor, texture and are more nutritious than product frozen with different methods.
Large population coupled with preference toward frozen food and high disposable income contributed to a large share of the North America IQF vegetable market, and this zone took the market share of 40.56% in 2016. Many developing countries such as India and Russia are following the footsteps, since a large portion of the population can afford locally-produced IQF vegetables.
The world leading company in the IQF Vegetables industry is Dole Food, with the revenue market share of 13.58% in 2016, followed by B&G Foods Holdings, Greenyard NV, and other prominent companies include Capricorn Food Products, ConAgra Foods, J.R. Simplot, Kerry Group, Pinnacle Foods, SunOpta and Uren Food Group.
According to this study, over the next five years the IQF Vegetables market will register a 2.2% CAGR in terms of revenue, the global market size will reach USD 820 million by 2024, from USD 720 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in IQF Vegetables business, shared in Chapter 3.
This report presents a comprehensive overview, market shares, and growth opportunities of IQF Vegetables market by product type, application, key manufacturers and key regions and countries.
This study considers the IQF Vegetables value and volume generated from the sales of the following segments:
Segmentation by product type: breakdown data from 2014 to 2019, in Section 2.3; and forecast to 2024 in section 11.7.
Potato
Tomato
Broccoli and Cauliflower
Other
Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 11.8.
Commercial
Household
This report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Spain
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report: Breakdown data in in Chapter 3.
B&G Foods Holdings
Capricorn Food Products
ConAgra Foods
Dole Food
Greenyard NV
J.R. Simplot
Kerry Group
Pinnacle Foods
SunOpta
Uren Food Group
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
Research objectives
To study and analyze the global IQF Vegetables consumption (value & volume) by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
To understand the structure of IQF Vegetables market by identifying its various subsegments.
Focuses on the key global IQF Vegetables manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the IQF Vegetables with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the consumption of IQF Vegetables submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.