New York 25 Aug 2018, As per the new research study conducted by Bizwit Research & Consulting, Global IQF Vegetable market industry is poised to raise USD 2034.89 Million by 2025.
IQF Vegetable are mainly produced in developed countries this is why the price of IQF Vegetable is high there due to processing Cost because high labour cost in the developed world but now with the start of production of IQF Vegetables in Developing Countries the cost is reduced because of less labour and processing Cost especially true for countries like China and India also companies like Capricorn Food Products is increasing their output in facilities in India and as per regional aspect The regional analysis of Global IQF Vegetable Market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. Due to the high pollution levels in countries such as U.S. and China, that are two of the three major producers of IQF vegetables, manufacturers are facing the problem of bacterial contamination of IQF frozen foods. In 2016, due to an outbreak of Listeria monocytogenes in the U.S., most of the manufacturers had to recall IQF vegetable products. To counter this negative perception of IQF vegetables, most of the American companies are taking proactive measures. Even then, a sense of dread is ingrained in consumers because of the negative perception created owing to the contaminated food items and this is restraining the growth of the global IQF vegetable market.
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The industry is seeming to be fairly competitive. Some of the leading market players include B & G Food Holding Corporation, Capricorn Food Products India Ltd, ConAgra Foods, Inc, Dole Food Co., Greenyard NV, J.R. Simplot Co., Kerry Group Plc., Pinnacle Foods, Inc., SunOpta Inc., Uren Food Group Limited and so on. The fierce competitiveness has made these players spend in product developments to improve the customer’s requirements.
Key findings of the study:
- Due to the high pollution levels in countries such as U.S. and China, that are two of the three major producers of IQF Vegetables
- IQF vegetables, manufacturers are facing the problem of bacterial contamination of IQF frozen foods.
Bizwit Research & Consulting LLP has considered following segments for the study:
By Vegetable Type:
- Corn and Baby Corn
- Broccoli and Cauliflower
- North America
- Asia Pacific
- Latin America
- Rest of the World