Global IQF vegetable market poised to reach $2B by 2026
IQF potatoes, tomatoes and broccoli and cauliflower will remain in great demand.
The commercial advantage of keeping individually-quick frozen (IQF) vegetables in stock continues to drive their demand among retailers, grocery stores and independent fruit and vegetable vendors from around the world. The global demand for IQF vegetable is expected to rise on the account of their longer shelf lives, speedy processing of foods and robust supply chain. In fact, Future Market Insights, Valley Cottage, N.Y., projects that such factors will instrument a steady growth in global consumption of IQF vegetables. By the end of 2026, more than 25,000 tons of IQF vegetables will be sold across the globe, bringing in revenues worth over $2,000 million.
The report, "IQF Vegetable Market: Global Industry Analysis and Opportunity Assessment, 2016-2026," estimates that the global market for IQF vegetables is presently valued over $1,288.3 million, recording global sales of a little over 16,900 tons 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: