IQF Vegetables 2021 Outlook, Current and Future Industry Landscape Analysis 2031
As per a study by FMI, the global IQF vegetables market is expected to reach a valuation of US$ 1,560.1 Mn in 2021. It also is forecast to exhibit a CAGR of 4.5% during the forecast period of 2021 to 2031. According to FMI, growth prospects for the market remain positive owing to the improvements in global food supply chain infrastructure. The global IQF vegetables market rose at 2.8% during its historical period of 2016 to 2020. IQF potato products are expected to emerge as top selling product category and account for 20% of the global market in 2021. Advancement of technology to preserve food has encouraged key players to expand their product portfolio. As demand for convenient food is on the rise, sales prospects for IQF vegetables will improve. Consumers are increasingly demanding simple, hygienic vegetable products that can aid in reducing conventional hassles of slicing and cleaning fresh vegetables. As increasing number of people are focusing on...