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IQF Vegetable Market According to a new report published by Allied Market Research, titled, “IQF Vegetable Market by Product Type and Application: global opportunity analysis and industry forecast, 2021–2030,” the global IQF vegetable market size was valued at $4.7 billion in 2020, and is projected to reach $7.1 billion by 2030, registering a CAGR of 4.2%. from 2021 to 2030. IQF vegetable are types of frozen food products, which are preserved by using IQF technique that uses the fluidization approach. The IQF vegetable market growth is driven by increase in popularity of fast-food restaurants, also known as quick-service restaurants. In addition, rapid increase in number of large retail stores, including supermarkets and hypermarkets majorly in developed regions such as Europe and North America has facilitated easier availability of IQF vegetable, as these stores are equipped with deep refrigeration and improved storage facilities. However, negative consumer perception related to nutritional content in frozen foods is restricting the growth of the market. On the contrary, increase in awareness of consumers toward nutritional quality of IQF vegetable and advancements in freezing technology to retain the quality of vegetable are expected to provide opportunities to the market.
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IQF Vegetable Market Request Sample Report at: https://www.alliedmarketresearch.com/request-sample/8378 Frontrunners in the industry
Dole Food Co.
Capricorn Food Products India Ltd
J.R. Simplot Co.
Cardinal Foods LLC
B&G Foods Holdings Corp
ConAgra Foods
Kerry Group Plc
Uren Food Group Limited
Greenyard NV
Pinnacle Foods
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IQF Vegetable Market Market Segment: The global IQF vegetable market is segmented into nature, end user, distribution channel, and region. By nature, the market is classified into organic and conventional. On the basis of end user, it is categorized into commercial and residential. Depending on distribution channel, it is segregated supermarket/hypermarket, B2B, online store, and others. Region wise, the market is analyzed across North America (U.S., Canada, and Mexico), Europe (Germany, UK, France, Italy, Spain, Russia, and rest of Europe), Asia-Pacific (China, Japan, India, Australia & New Zealand, South Korea, ASEAN, and rest of Asia-Pacific), and LAMEA (Brazil, Saudi Arabia, South Africa, Argentina, and rest of LAMEA). By nature, the conventional segment accounted the highest market share in 2020. This is mainly attributed to the easy availability of conventional IQF vegetable in the market through distributors. However, the organic segment is expected to be the fastest growing segment during the IQF vegetable market forecast period in terms of value sales. On the basis of end user, the commercial segment was the major share contributor in 2020. This is attributed to the fact that IOF vegetable require less time for preparation and reduce customer waiting time, thus, fast food chains and quick service restaurants have adopted them as substitutes to fresh vegetable.
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IQF Vegetable Market Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. North America accounted for the highest market share in 2020, owing to the subsequent growth of the food service industry in this region. However, Asia-Pacific is expected to be the fastest growing market during the market forecast period. Purchase this Report (Price 6,169 USD for single user license): https://www.alliedmarketresearch.com/checkout-final/3fea53ea64f47fcf53072753c089cb94 Key findings of the study
By nature, the conventional segment accounted for the highest IQF vegetables market share in 2020, and is estimated to grow at a CAGR of 4.1%.
On the basis of end user, the commercial segment was the share contributor in 2020, and is expected to grow at a CAGR of 4.1% from 2021 to 2030.
Depending on distribution channel, B2B was the prominent segment in 2020, and is projected to exhibit a CAGR of 3.5% during the forecast period.
Region wise, North America occupied the maximum share in the market in 2020, and is expected to be the dominating segment during the IQF vegetables forecast period.
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IQF Vegetable Market
COVID-19 impact analysis The outbreak of the COVID-19 pandemic has shown a negative impact on the market. Recent declaration regarding the shutdown of notable proportion of the food service industry, including fullservice restaurants and quick service restaurants, has dramatically hampered the sale of IQF vegetable. Trade restrictions imposed by several countries across the globe to curb the outbreak of COVID-19 has significantly affected global logistics and transportation, which has affected on the IQF vegetable market. Do You Have Any Query Or Specific Requirement? Ask to Our Industry Expert: https://www.alliedmarketresearch.com/purchase-enquiry/8378
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IQF Vegetable Market About Allied Market Research: Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting services to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains. AMR offers its services across 11 industry verticals including Life Sciences, Consumer Goods, Materials & Chemicals, Construction & Manufacturing, Food & Beverages, Energy & Power, Semiconductor & Electronics, Automotive & Transportation, ICT & Media, Aerospace & Defense, and BFSI. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
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IQF Vegetable Market Contact Us: David Correa 5933 NE Win Sivers Drive #205, Portland, OR 97220 United States USA/Canada (Toll Free): 1-800-792-5285, 1-503-894-6022, 1-503-446-1141 UK: +44-845-528-1300 Hong Kong: +852-301-84916 India (Pune): +91-20-66346060 Fax: +1(855)550-5975 help@alliedmarketresearch.com Web: https://www.alliedmarketresearch.com Follow Us on LinkedIn: https://www.linkedin.com/company/allied-market-research
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