IQF Fruits and Vegetables Market

Global IQF Fruits and Vegetables Market Analysis and Opportunity Assessment by Product Type, End Use, Region, and Country – Forecast 2022 – 2032

The market is expected to generate an incremental $ opportunity of US$ 4,938.1 Mn between 2022 and 2032

Category: Food & Beverages Published Date : November 2022 ID: CVC-00518 Format: PDF Pages: 280

IQF Fruits and Vegetables Market Size Analysis

According to a recent survey conducted by ChemView Consulting, the Global IQF Fruits and Vegetable Market grew at a CAGR of 4.8% between 2017-2021 and is estimated to be US$ 9,432.8 Mn in 2022. Currently, the market is anticipated to grow at a CAGR of 4.3% and is expected to reach a valuation of US$ 14,370.9 Mn by 2032 end.

Throughout the projected period, the market is anticipated to grow in response to rising demand for juicing fruits and vegetable products that are packaged in their natural form as sprouts, flours/barley, dehydrated powders, and granulated powders has increased as a result of the growing demand for healthy and nourishing food among various population segments and the increasing focus on product quality, health benefits, and sustainability.

Market Dynamic


Frozen fruits and vegetables are a convenient alternative to fresh products. They provide consumers with the same nutrition as their new counterparts but in a way that reduces spoilage so they can save space in their cupboards and come back to them when they are needed. Also, freezing is a good way to preserve the nutritional benefits of your produce.


Frozen fruits and vegetables are purchased and consumed for their shelf life. Frozen foods are perishable, which leads to the need to order them quickly. This, in turn, leads to high customer expectations, leading to credit risks, and increasing operating costs. Furthermore, frozen foods contain various preservatives that are harmful to the human body, which is another major factor expected to hinder the growth of the global fruits and vegetable market during the forecast period.


The demand for fresh vegetables and other fresh fruits is one of the fastest-growing segments in the food industry. Product varieties such as IQF suppliers, berry suppliers, frozen vegetables, and more are among the drivers responsible for this boom. Global e-commerce companies are integrating their service platforms with food manufacturers to create a one-stop platform that help consumers discover new products and services and identify opportunities across supply chains.

COVID-19 Impact

The growing health concerns over COVID-19 have resulted in consumers hoarding fruits and vegetables. This has left food and beverage companies short of stocks for their market outlets. The demand for IQF products has been increasing since the start of the terror pandemic, which causes an oversupply situation in stores due to hoarding. In this scenario, demand for frozen products is likely to be tapped into, thereby enhancing growth prospects in the frozen food market. The market value might not catch up to the pre-COVID-19 value until 2027.

IQF Fruits and Vegetable Market

Market Segments Covered in Report

By Product Type :

  • Fruits
    • Berries
    • Banana
    • Mango
    • Apple
    • Papaya
    • Others
  • Vegetables
    • Potato
    • Tomato
    • Broccoli & Cauliflower
    • Others

By End-Use:

  • Food
    • Bakery, Confectionary & Snack Food
    • Dairy & Dessert
    • Cooking food
    • Ready-to-Eat Food
  • Beverage
    • Juice
    • Other Non-alcoholic Beverages
  • Concentrate

By Region and Country:

  • North America (U.S., Canada)
  • Latin America (Brazil, Mexico, Rest of Latin America)
  • Europe (Germany, Italy, France, UK, Spain, Netherlands, Norway, Russia, Rest of Europe)
  • Asia-Pacific (China, Japan, South Korea, India, Indonesia, Thailand, Vietnam, Australia & New Zealand, Rest of Asia-Pacific)
  • Middle East (Saudi Arabia, Turkey, UAE, Rest of Middle East)
  • Africa (South Africa, Nigeria, Egypt, Rest of Africa)

Segment-Wise Analysis

Why are potatoes projected to ensure the most revenue during the forecast period?

At 23.4% of the market, potatoes had the greatest revenue share. Currently, IQF potatoes are used in fast food and other processed products. In recent years, as consumers want more of these potato products, there’s a growing demand for IQF potatoes. They are high in vitamins and nutrients that can be used in processed foods or added to soups and stews. Because they retain their texture without heating or boiling, they have most of the vitamins and nutrients offered by fresh potatoes.

Why is the commercial segment expected to expand the fastest during the forecast period?

In 2021, The commercial segment was anticipated to be the biggest contributor to revenue growth during the forecast period. This is attributed to the fact that IOF vegetables require less time for preparation and reduce customer waiting time. Thus, fast-food chains and quick-service restaurants have adopted them as substitutes for fresh vegetables. This acts as a key driving force of the commercial segment.

Region-Wise Analysis

The regions analyzed for the market include North America, Europe, Latin America, Asia Pacific, Middle East, and Africa.

  • In 2021, the North American market held a sizeable revenue share of 39.0%. The United States continues to be the world’s biggest consumer of fruits and vegetables. Due to IQF Fruits & Vegetables’ year-round availability and ease of preparation, demand is rising. Since IQF fruits and vegetables are accessible in processed, ready-to-cook form, they need less preparation time, which impacts growth.
  • The growing price sensitivity of consumers has led to an increase in the market for IQF fruit and vegetables in Germany. German consumers tend to be older and to live in households with just one person. Traditional family meals are becoming less popular, which has increased demand for single-portion products like IQF fruits and vegetables.

Competition Analysis

Major corporations are utilizing organic and inorganic development tactics to strengthen their position in the market by diversifying the products they provide. Businesses are reducing the cost of production by finding ways to introduce fruits and vegetables that were not previously available. Some of these products have a high pH and sweet taste but were too sour to gain market share because they had higher manufacturing costs.

Some of the key developments that have taken place in the IQF Fruits and Vegetables Market include:

  • In March 2021, The REMS Frozen Foods brand was launched. For its operations in China, the US, Spain, Egypt, and Eastern Europe, the company will focus on IQF products and import ingredients for frozen food.
  • In August 2020, By purchasing the SORTEX® FA series equipment from Buhler, Turkey-based Fine Food was able to enhance production capacity while meeting increased demand for export and distribution.

A list of some of the key suppliers present in the market are:

  • Novozymes A/S
  • Advanced Enzymes Technologies Limited
  • Royal DSM N.V.
  • l. Du Pont de Nemours & Company
  • Rossari Biotech Limited
  • AB Enzymes GmbH
  • Lallemand Inc.
  • Amano Enzymes Inc.
  • Biocatalysts Limited
  • Creative Enzymes
  • Nagase & Co., Ltd.
  • Chr Hansen Holding A/S
  • Jiangsu Boli Bioproducts Co. Ltd.
  • Kemin Industries, Inc
  • Others

Report Coverage and Highlights

  • Our comprehensive, data-backed, and facts-oriented report provides niche and cross-sectional analysis at global and country levels.
  • Assessment of the historical (actual data) and current market size (2017-2021), market projections (2022-2032), and CAGR.
  • The market assessment across North America, Europe, East Asia, South Asia & Pacific, Latin America, Middle East, and Africa.
  • Competitive tactical intelligence, key strategies adopted by top players, production capacity and company shares analysis, product brand surveys, and export-import analysis
  • Pricing analysis to set and benchmark your current or future offerings across each product type helps you understand whether your pricing strategy is aligned with market expectations and can be compared to market disruptions.
  • Predictions on critical supply and demand trends and technological expertise needed to address operations scalability.
  • Consumer behavior shifts and their implications for players, list of end-users, and their consumption analysis.
  • Key drivers, restraints, opportunities, and emerging trends impacting the market growth.
  • Value chain analysis (list of manufacturers, distributors, end-users, and average profitability margins).
  • Strategic market analysis, recommendations, and future headways on crucial winning strategies.
Research ScopeDetails
Forecast period2022-2032
Historical data available for2017-2021
Market analysisUSD Million for Value and Tons for Volume, and CAGR from 2022 to 2032
Key regions coveredNorth America, Latin America, Europe, Asia-Pacific, Middle East, and Africa
Key countries coveredUS, Canada, Brazil, Mexico, Germany, Italy, France, UK, Spain, Netherlands, Norway, Russia, China, Japan, South Korea, India, Indonesia, Thailand, Vietnam, Australia & New Zealand, Saudi Arabia, Turkey, UAE, South Africa, Nigeria, Egypt
Key segments coveredBy Product Type, End Use, and Region
Customization scopeAvailable upon Request
Pricing and purchase optionsAvailable upon Request