The commercial advantage of keeping individually quick frozen (IQF) vegetables in stock continues to drive their demand among retailers, grocery stores and independent vegetable & fruit vendors from around the world.
The global demand for IQF vegetable is expected to rise on the account for their longer shelf lives, speedy processing of foods, and robust supply chain. Future Market Insights projects that such factors will instrument a steady growth in global consumption of IQF vegetables. By the end of 2026, more than 25 thousand tonnes of IQF vegetables will be sold across the globe, bringing in revenues worth over US$ 2,000 Mn.
Future Market Insights’ report, titled “IQF Vegetable Market: Global Industry Analysis and Opportunity Assessment, 2016-2026” estimates that the global market for IQF vegetables is presently valued over US$ 1,288.3 mln, recording global sales of a little over 16,900 tonnes of IQF vegetable in the world.
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 increasing risk of consuming Listeria monocytogene bacteria through IQF vegetable; strict regulations that forbid the use of IQF vegetable due to rising occurrence of bacteria and viruses, and; fluctuating prices & availability of raw materials.