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Latin America IQF Fruits And Vegetables Market

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Latin America IQF Fruits and Vegetables Market was worth USD 1.11 billion in 2016 and estimated to be growing at a CAGR of 5.8%, to reach USD 1.46 billion by 2021.
Latin America IQF Fruits And Vegetables Marketby end users & Scope, Analysis
and Forecasts to 2017
Latin America IQF Fruits and Vegetables Market was worth USD 1.11 billion in 2016 and
estimated to be growing at a CAGR of 5.8%, to reach USD 1.46 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 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
refrigerator. IQF technology is ideal for preserving seasonal fruits and vegetables. IQF fruits
and vegetables comprises same nutritional value after freezing as it possesses in fresh form
which is supporting its growth worldwide. Also, easy storage properties and availability at low
price is expected to drive the demand of IQF fruits and vegetables across the globe.
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The frozen fruits and vegetables market in the world contributes a meagre percentage to the
total consumption of fruits and vegetables. In the developed markets like Latin America and
US, frozen vegetables are 10% to the total vegetable consumption. In the under developed
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.
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The major factors affecting the Latin 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.
Market Segmentation
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5.1 Type
5.1.1 Introduction
5.1.2 Fruits
5.1.2.1 Berries
5.1.2.2 Bananas
5.1.2.3 Mango
5.1.2.4 Apple
5.1.2.5 Papaya
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5.1.2.6 Pineapple
5.1.2.7 Kiwi
5.1.2.8 Others
Vegetables
5.1.3.1 Carrots
5.1.3.2 Beans
5.1.3.3 Peas
5.1.3.4 Corn
5.1.3.4 Potato
5.1.3.5 Broccoli
5.1.3.6 Cauliflower
5.1.3.7 Others
5.1.4 Y-o-Y Growth Analysis, By Type
5.1.5 Market Attractiveness Analysis, By Type
5.1.6 Market Share Analysis, By Type
Distribution
5.2.1 Introduction
5.2.2 Retail Outlets
5.2.3 Online Stores
5.2.4 Hypermarkets
5.2.5 Y-o-Y Growth Analysis, By Distribution
5.2.6 Market Attractiveness Analysis, By Distribution
5.2.7 Market Share Analysis, By Distribution
End Users
5.3.1 Introduction
5.3.2 Hotels/Catering
5.3.3 Food Manufacturers
5.3.4 Y-o-Y Growth Analysis, By End Users
5.3.5 Market Attractiveness Analysis, By End
5.3.6 Market Share Analysis, By End Users
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The Latin 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 Latin America
market is divided into Argentina, Brazil and Mexico. The Latin American region is one that
offers immense scope for development in the forecast years as is evident from the high
growth rate of the region. Inspite of having only a minor market share, the CAGR of the region
is the second highest globally only behind Asia-Pacific. This market is one that shows promise
in the coming years.
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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