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On the basis of fruit type, the red fruits and berries segment is expected to maintain dominance, with a significant CAGR of 5.1% during the forecast period.
The global IQF (individually-quick frozen) fruits market is projected to register a CAGR of 5% by 2028, according to “IQF Fruits Market: Global Industry Analysis 2013-2017 and Forecast 2018-2028,” a study produced by Persistence Market Research (PMR), New York.
The combination with Ardo’s leadership in sustainable agriculture, quality processing and product innovation capabilities will allow VLM Foods to accelerate its market penetration and provide Ardo with a strong North American platform.
European frozen food processor Ardo acquired a majority stake in VLM Foods, Canada, and a controlling stake in Compañia Frutera La Paz S.A., a Costa Rica-based frozen pineapple producer.
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.
The global frozen fruits and vegetable market will grow at an annual rate of 5.34% and reach 751 million tons by 2027, according to a report published by Market Research Future, Woburn, Mass.
Worldwide consumption of individually-quick frozen (IQF) fruits is expected to reach 2.3 million ton, according to a study released by Persistence Market Research, New York.
Hanson Logistics, St. Joseph, Mich., announced plans to build a new temperature-controlled facility, what will be the company’s 9thth deep frozen warehouse.
To improve processing efficiency, IQF fruit and vegetable processor RainSweet Inc., Salem, Ore., said it inked a manufacturing agreement whereby Freeze Pack Inc., Pasco, Wash., will produce all of RainSweet's frozen onions at a new Pasco plant.