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North American IQF fruits and veg market valued at USD 3.06 billion in 2016
According to a report published by Market Data Forecast, the North American IQF Fruits and Vegetables Market was worth USD 3.06 billion in 2016 and is estimated to be growing at a CAGR of 5%, towards USD 3.91 billion by 2021.
Individual Quick Freezing (IQF) is a process that enables preserving fresh fruits and vegetables for a long period of time and is ideal for seasonal fruits and vegetables. IQF fruits and vegetables hold their nutritional value.
The frozen fruits and vegetables market is just a small percentage of the total consumption of fruits and vegetables. In more developed markets like North America and the US it is 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.
The North America IQF Fruits and Vegetables market is broadly classified by type. Fruits include berries, bananas, mango, apple, papaya and others. Vegetables include carrots, beans, peas, corn, potato, broccoli, cauliflower and others.
Publication date: 12/8/2017
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