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North America IQF Fruits And Vegetables Market

North America IQF Fruits and Vegetables Market was worth USD 3.06 billion in 2016 and estimated to be growing at a CAGR of 5%, to reach USD 3.91 billion by 2021.
North America IQF Fruits And Vegetables Market was Valued at USD 3.06
Billion in 2016 and is Expected to Register a 5% CAGR Over the Forecast
According to the report , published by Market Data Forecast. North America IQF
Fruits and Vegetables Market was worth USD 3.06 billion in 2016 and
estimated to be growing at a CAGR of 5%, to reach USD 3.91 billion by 2021.
Individual quick freezing (IQF) is a technology through which fresh fruits and
vegetables are freeze at very low temperature (-30°C to - 40°C). This process
enables to preserve fresh fruits and vegetables for a longer period of time even
more than a year maintaining the same colour, flavour, and texture till it lasts. IQF
fruits and vegetables are stored at low temperature or in the refrigerator. IQF
technology is ideal for preserving seasonal fruits and vegetables. IQF fruits and
vegetables comprise same nutritional value after freezing as it possesses in a
fresh form which is supporting its growth worldwide. Also, easy storage properties
and availability at a low price are expected to drive the demand for IQF fruits and
vegetables across the globe.
Get a comprehensive overview of the Report:
The frozen fruits and vegetables market in the world contributes a meager
percentage to the total consumption of fruits and vegetables. In the developed
markets like North America and the US, frozen vegetables are 10% to the total
vegetable consumption. In the underdeveloped and developing markets, its share
is much lower. However, in the recent years, this category has gained importance
due to some basic advantages it offers in comparison to fresh fruits and
vegetables. With a strong back up from the technological innovations, the
advantages of frozen fruits and vegetables have made it much more reachable
and affordable to the consumers around the globe.
Get accurate market forecast and analysis on the Report, Request a sample to stay upto-date on the main trends affecting this market:
Market Segmentation
Y-o-Y Growth Analysis, By Type
Market Attractiveness Analysis, By Type
Market Share Analysis, By Type
Retail Outlets
Online Stores
Y-o-Y Growth Analysis, By Distribution
Market Attractiveness Analysis, By Distribution
Market Share Analysis, By Distribution
End Users
Food Manufacturers
Y-o-Y Growth Analysis, By End Users
Market Attractiveness Analysis, By End Users
Market Share Analysis, By End Users
The major factors affecting the North America IQF Fruits and Vegetables
Market include the fast-paced modern lifestyles that have led consumers to look
for easy and hygienic fruit products that eliminate the conventional hassles of
cleaning and chopping fresh fruits. Other factors include growing inclination
towards healthy food, technological advancements in packaging and longer shelf
life. Moreover, increasing demand for food manufacturers for preserving food
product for a longer period so that they could use it as an ingredient in their final
product is also fuelling the demand of IQF fruits and vegetables market during the
forecast period. As for the restraints, there are none except for the slight difficulty
in manufacture.
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The North America IQF Fruits and Vegetables market is broadly classified by
Type into Fruits which include Berries, Bananas, Mango, Apple, Papaya,
Pineapple, Kiwi and Others and Vegetables which include Carrots, Beans, Peas,
Corn, Potato, Broccoli, Cauliflower and Others, by Distribution into Retail Outlets,
Online Stores and Hypermarkets and based on End Users Hotels/Catering and
Food Manufacturers. Based on geography, the North America market is analyzed
under USA and Canada. The North American market has the largest market
share globally in spite of the having a low growth rate in recent years. This is
expected as the scope for development in the region is quite low and the entrant
of new players into the market is not encouraged by the presence of major
market players native to the region.
The IQF Fruits and Vegetables market is highly competitive with a large number
of players. Key market players dominating the market with their products are
SunOpta Inc, Fruktana Ltd, Capricorn Food Products India Ltd., Breukers
Schamp Foods, Alasko Foods Inc, AXUS International LLC, Rasanco Ltd and
Nimeks Organics among others.
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