Home Americas World: Exotic fruit demand drives IQF market, finds report

World: Exotic fruit demand drives IQF market, finds report

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North America is expected to account for the major market for individual quick freezing (IQF) fruits and vegetables among all the regions globally, says Future Market Insights.

The US is expected to be the major revenue contributor in the IQF fruits and vegetables market followed by Canada.

Increased usage of exotic fruits is expected to be the major factor driving the growth of IQF fruits and vegetables in North America region during the forecast period.

Moreover, Asia Pacific is expected to account for the double digit compound annual growth rate during the forecast period.

This growth is attributed to the increased disposable income and rising inclination of the consumer for more packaged and convenience food product across the region.

Market drivers

Rising demand of food products with longer shelf life coupled with the increasing demand of seasonal fruits and vegetables across the year is expected to support the growth of IQF fruit and vegetables market during the forecast period.

Moreover, increasing demand of food manufacturers for preserving food product for longer period so that they could use it as an ingredient in their final product is also fueling the demand of IQF fruits and vegetables market during the forecast period.