Food & Beverage Market Research News

New report shares details about the Latin America's IQF fruits and vegetables market research for 2017

Food & Beverage Market Research

Latin America IQF Fruits And Vegetables Market By Types (Fruits Which Include Berries, Bananas, Mango, Apple, Papaya, Pineapple, Kiwi And Others And Vegetables Which Include Carrots, Beans, Peas, Corn, Potato, Broccoli, Cauliflower And Others)

Latin America IQF Fruits and Vegetables Market was worth USD 1.11 billion in 2016 and estimated to be growing at a CAGR of 5.8%, to reach USD 1.46 billion by 2021. Individual quick freezing (IQF) is a technology through which fresh fruits and vegetables are freeze at very low temperature (-30°C to - 40°C).

This process enables to preserve fresh fruits and vegetables for longer period of time even more than a year maintaining the same colour, flavour and texture till it lasts. IQF fruits and vegetables are stored at low temperature or in refrigerator.

IQF technology is ideal for preserving seasonal fruits and vegetables. IQF fruits and vegetables comprises same nutritional value after freezing as it possesses in fresh form which is supporting its growth worldwide.

Also, easy storage properties and availability at low price is expected to drive the demand of IQF fruits and vegetables across the globe.

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The frozen fruits and vegetables market in the world contributes a meagre percentage to the total consumption of fruits and vegetables. In the developed markets like Latin America and US, frozen vegetables are 10% to the total vegetable consumption.

In the under developed 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.

With a strong back up from the technological innovations, the advantages of frozen fruits and vegetables have made it much more reachable and affordable to the consumers around the globe.

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The major factors affecting the Latin America IQF Fruits and Vegetables Market include the fast-paced modern lifestyles that have led consumers to look for easy and hygienic fruit products that eliminate the conventional hassles of cleaning and chopping fresh fruits. Other factors include growing inclination towards healthy food, technological advancements in packaging and longer shelf life.

Moreover, increasing demand for food manufacturers for preserving food product for a longer period so that they could use it as an ingredient in their final product is also fuelling the demand of IQF fruits and vegetables market during the forecast period. As for the restraints, there are none except for the slight difficulty in manufacture.

Market Segmentation                                                                              

  • 5.1 Type
  • 5.1.1 Introduction
  • 5.1.2 Fruits
  • Berries
  • Bananas
  • Mango
  • Apple
  • Papaya
  • Pineapple
  • Kiwi
  • Others
  • Vegetables
  • Carrots
  • Beans
  • Peas
  • Corn
  • Potato
  • Broccoli
  • Cauliflower
  • Others
  • 5.1.4  Y-o-Y Growth Analysis, By Type
  • 5.1.5 Market Attractiveness Analysis, By Type
  • 5.1.6  Market Share Analysis, By Type
  • Distribution
  • 5.2.1 Introduction
  • 5.2.2 Retail Outlets
  • 5.2.3 Online Stores
  • 5.2.4 Hypermarkets
  • 5.2.5 Y-o-Y Growth Analysis, By Distribution
  • 5.2.6 Market Attractiveness Analysis, By Distribution
  • 5.2.7 Market Share Analysis, By Distribution
  • End Users
  • 5.3.1 Introduction
  • 5.3.2 Hotels/Catering
  • 5.3.3 Food Manufacturers
  • 5.3.4 Y-o-Y Growth Analysis, By End Users
  • 5.3.5  Market Attractiveness Analysis, By End
  • 5.3.6  Market Share Analysis, By End Users

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The Latin America IQF Fruits and Vegetables Market is broadly classified by Type into Fruits which include Berries, Bananas, Mango, Apple, Papaya, Pineapple, Kiwi and Others and Vegetables which include Carrots, Beans, Peas, Corn, Potato, Broccoli, Cauliflower and Others, by Distribution into Retail Outlets, Online Stores and Hypermarkets and based on End Users Hotels/Catering and Food Manufacturers. Based on geography, the Latin America market is divided into Argentina, Brazil and Mexico.

The Latin American region is one that offers immense scope for development in the forecast years as is evident from the high growth rate of the region. Inspite of having only a minor market share, the CAGR of the region is the second highest globally only behind Asia-Pacific.

This market is one that shows promise in the coming years.

The IQF Fruits and Vegetables market is highly competitive with a large number of players. Key market players dominating the market with their products are SunOpta Inc, Fruktana Ltd, Capricorn Food Products India Ltd., Breukers Schamp Foods, Alasko Foods Inc, AXUS International LLC, Rasanco Ltd and Nimeks Organics among others.

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