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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Research Methodology (1/2)

Systematic Research Approach

Market profiling

Formulating discussion guide

Developing list of respondents

Data collection

Data validation






In-depth secondary research is used to

ascertain overall market size, top

industry players, top products, industry

associations, etc.

PMR formulates a detailed discussion

guide to conduct expert and industry


PMR develops a list of industry players

(manufacturers), distributors, retailers

and industry experts

PMR conducts interviews with industry

experts, industry players, distributors

and retailers

Data is validated by triangulation

method, wherein secondary, primary

and PMR analysis contribute to the final




Data Filter

& Analysis

Identifying key opinion leaders

Questionnaire design

In-depth interviews

Coverage across value chain

Market participants

Key strengths

Product portfolio

Mapping as per value chain

Key focus segments







Research &










Key industry experts

Channel study


Market dynamics



Data analysis


Data is scrutinized using MS-Excel to

obtain qualitative and quantitative

insights about the industry

Primary Research #

Secondary Research #

Paid Publications#



PMR delivers industry insights and

information in the required format






Company websites

Company annual


White papers

Financial reports





# includes sources of databases

©2015 Future Market Insights, All Rights Reserved


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


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.

©2015 Future Market Insights, All Rights Reserved 6

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 Economic Side Drivers Demand Side Drivers 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 Pricing Analysis by Region Pricing Analysis by Product Type Key Takeaways

2.8.2. Market Size & Forecast Market Scenario Forecast (Likely, Optimistic and Conservative Absolute $ Opportunity

2.8.3. Value ©2015 Chain Future Market Analysis Insights, All Rights Reserved


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 Bakery, Confectionary and Snack food Dairy and Dessert Cooked food Ready to eat food

4.5.2. Beverage Juice 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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