IQF fruits & vegetables Market Size Analysis by Key Players, Trends and Application to 2024

The global IQF fruits & vegetables market is driven by the increasing demand for convenience food and growing consumption of seasonal fruits & vegetables. Growth in demand for convenience food and extended shelf life of IQF fruits & vegetables market size, growth for IQF products. IQF fruits & vegetables are superior in flavor, quality, and nutritional value than conventionally frozen fruits & vegetables. However, the lack of a strong supply chain and distribution network in some of the countries may hamper the growth of the market during the forecast period.

It is estimated that the global individually quick-frozen fruits & vegetables market is likely to show significant growth during the forecast period, from 2018 to 2023. IQF fruits & vegetables are currently given much attention with rapid development in the IQF technology.

Regional Analysis

Globally the market has been segmented, by region, into North America, Europe, Asia-Pacific, and Rest of the World. The IQF fruits & vegetables market in North America has further been segmented into the US., Canada, and Mexico.

Geographically, North America is anticipated to dominate the global IQF fruits & vegetables market during the forecast period, owing to the high demand for convenience and natural frozen fruits & vegetables.

Segmentation

The global IQF market has been segmented into product type, distribution channel, and region.

The market, based on type, has been segmented into IQF fruits & IQF vegetables. Fruits are further classified into berries, mango, apple, kiwi, and others. Among all these segments, berries are expected to dominate the market. Berries include strawberry, raspberry, blueberry, and cranberry. Increasing use seasonal fruits in bakery and beverage industries is expected to support the growth of this segment.

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Moreover, mango is expected to show growth in forecast period due to its high use by preservers and desserts and juice manufacturers. IQF vegetables are further classified into carrots, beans, peas, corn, potato, broccoli, and others. Increasing awareness about the nutritional value of the IQF fruits and vegetables among consumers is further supporting its growth. Moreover, hygienic and aseptic packaging and semi processed products, such as chopped IQF mango, provide convenient use and eliminate hassle of cleaning and chopping fruits and vegetable before use. Demand from food manufacturer for seasonal fruits & vegetable to use in final products will further support demand for IQF fruits & vegetables.

The market has been segmented, by distribution channel into store based and non-store based. The store-based category is further segmented into retail stores, convenience store, supermarkets/hypermarkets. While e-commerce websites come under the non-store-based category. The store-based segment is expected show significant growth in forecast period due to strong supply chain distribution network and robust cold chain facilities of supermarket/ hypermarket.

Key Players

Ardo N.V. (Belgium), SunOpta Inc. (Canada), Capricorn Food Products India Ltd. (India), Uren Food Group Ltd. (UK), BS Foods B.V. (the Netherlands), Rosemary & Thyme Ltd.(UK)., Milne Fruit Products Inc. (US), Frutex Australia Pty Ltd. (Australia), Shimla Hills Offerings Pvt. Ltd. (India), Alasko Foods Inc.(Canada), AXUS International LLC. (US). are some of the key players in the market?

Industrial Sugar Market Size, Predicted to Rise at a Lucrative CAGR throughout 2024

Due to the diverse applications of industrial sugar across various sectors, the market is growing at an incremental pace of development on the global stage. Market Research Future, a firm which specializes in market reports related to the Food, Beverages & Nutrition sector among others, recently forecasted in its report on Global Industrial Sugar Market Size Research Report- Forecast to 2022 that the market will demonstrate an exceptional CAGR % while achieving billion dollar growth readily in the forecast period.

Application of industrial sugar across various sectors majorly including confectionery, bakery and beverages have promoted the high growth of industrial sugar globally. Sugar imparts energy to the body and absorbs quickly. High demand for sweetened bakery products has also added fuel to the market growth of industrial sugar market. Growth of the sweetened beverage market has also provided an impetus for the increased demand of this sector. However, escalating market demand for sugar substitutes based on increasing health awareness is projected to propel the high market growth of this sector.

Increasing disposable income and technology advancements for advanced sugar processing and extraction techniques have given a boost to this market. Confectionery based application of industrial sugar is also experiencing a surge based on which the demand is escalating. However, the growth of natural sweeteners market including sweeteners such as stevia might confine the growth of industrial sugar market. Rising health consciousness among the consumers and scientifically proved link between sugar consumption and obesity has turned out to be a major hindrance to this market.

Latest Industry Updates

Nov 2017 To expand their production capacity, Rogers Sugar Inc. acquired L.B. Maple Treat Corporation which is one of the leading players in the private label maple syrup bottling and distribution.

Aug 2017 E.I.D. Parry (India) Limited; one of the leading players in sugar market of India has announced to expand their sugar production capacity in order to meet the global rising demand for sugars.

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Global Industrial Sugar Market - Competitive Analysis

Established key players in the global industrial sugar market are identified to be focusing highly on increasing their production capacity in order to retain their market position. New players are also observed to enter the market based on the lucrative opportunities to generate high revenues. High emphasis is given onto the R&D sector where the players are identified to invest hugely on process and product innovations as well as improvisations. The best long-term growth opportunities for this sector can be captured by ensuring ongoing process improvements and financial flexibility to invest in the optimal strategies.

The key players profiled in industrial sugar are Suedzucker AG (Germany), British Sugar plc. (U.K), Tereos S.A. (France), Cargill Inc. (U.S.), Rogers Sugar Inc. (Canada), Michigan Sugar Company (U.S.), Guangxi Guitang Co Ltd (China), Bannari Amman Group (India), Rajashree Sugar & Chemicals Ltd. (India), and Rana Sugars Ltd. (India) among many others.

Global Industrial Sugar Market – Segments

The global industrial sugar market has been divided into source, form, application and region.

On The Basis Of Source: Sugarcane, Sugar Beet, and Others

On The Basis Of Form: Granules, Powder, Liquid, and Others

On The Basis Of Application: Bakery & Confectionery, Beverages, Snacks, Dairy & Frozen Desserts, Pharmaceuticals, Others

On The Basis Of Region: North America, Europe, Asia Pacific, and ROW.

Flavored Milk Market Size, Growing Demands and Industry Outlook 2020

Global flavored milk market is witnessing an impressive growth over the last few years. This is attributed to the shifting consumer preferences among the population of both developed and developing economies. Also, increasing disposable income of the consumers is anticipated to be the significant reason for the growth of the flavored milk market during the forecast period. Additionally, key players in the global flavored milk market size are emphasizing more on bringing up new flavors to extend the product line.

Also, the companies are inclined to increase their footprints across the world by acquiring local and regional players. Apart from that, the companies are introducing their products in the developing economies in order to penetrate the untapped market. However, high calorie and fat content in flavored milk may hamper the growth of the market. Nevertheless, all these factors are projected to contribute to the estimated CAGR of 4.3% of flavored milk market during the forecast period, 2017-2023. 

Downstream Analysis:

The global flavored milk market is segmented into flavor, packaging material, and distribution channel.

Based on the flavor, it is segmented into chocolate, vanilla, butterscotch, strawberry, and others. Among all the flavor’s, the chocolate segment holds the major market share followed by the vanilla segment.

Based on the packaging material, it is segmented into plastic, glass, paper, metal, and others. Among all the packaging types, the plastic segment is dominating the market.

Based on the distribution channel, it is segmented in store-based and non-store based.  Among both, the store-based distribution channel is dominating the market.

Competitive Analysis:

The major players in flavored milk market

• Nestle S.A. (Switzerland)
• Danone (France)
• Arla Foods Amba (Denmark)
• Associated Milk Producers, Inc. (U.S.)
• Bright Food (Group) Co., Ltd. (China)
• Dairy Farmers of America, Inc. (U.S.)
• Dean Foods Company (U.S.)
• Koninklijke Friesland Campina NV (the Netherlands)
• Grupo Lala, S.A.B. de C.V. (Mexico)
• Amul Industries Pvt Ltd. (India)

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Regional Analysis

The global flavored milk market is segmented into North America, Europe, Asia Pacific, and rest of the world (RoW). Asia Pacific is dominating the global flavored milk market followed by North America. India and China being the highest milk producing countries are driving the growth of Asia Pacific market. Furthermore, emerging economies such as China, India, Japan, Australia, and the Latin American countries, offers ample opportunities for expansion to the major players.

The North American flavored milk market is projected to grow at a steady pace in the review period. Increasing consumption of flavored milk in form of beverages in this region is driving the growth of the market. Innovations and technological advancements are boosting the growth of flavored milk in rest of the world.

Pet Care Market Size, Latest Advancements and Industry Outlook 2020 to 2024

Considering the global trend, pet care industry is one of the emerging markets as majority of pet owners are often willing to spend extra money on their pet’s healthcare and other requirements. In the recent years, a tremendous technological advancement has been observed in pet care. By taking pet’s healthcare and their requirements in mind, few technologies have been introduced, such as, computerized feeders, pedometers, etc. Several factors such as, increasing power of e-commerce, rising trend of bringing pets, increase in pet population, and increasing disposable incomes in middle income groups are propelling the growth of pet care market. Furthermore, choosing prime healthcare and food products for pets by their owners is another key factor driving the pet care market to a great extent.

Despite the growth of global pet care market size, a number of factors like increasing prices of pet care products, strict regulations imposed by government, and chances of allergy from animal-associated allergens may hamper the growth of the market over the assessment period.

Segmentation

The pet care market is classified based on type, and product & services

Based on type, the market is segmented into dog, cat, and others.

Based on product & services, the market is segmented into pet food, pet healthcare products, and others. Pet healthcare products is further segmented into medicines, vaccines, and others.

Regional analysis

Geographically, the global pet care market is classified into the Americas, Europe, Asia Pacific, and the Middle East & Africa. The Americas accounts for the largest share of pet care market due to rising trend of pet humanization and increasing expenditure on pet’s food and healthcare by their owners. According to the American Pet Products Association (APPA), the actual U.S. Pet Industry Expenditures for the year 2016 is $66.75 billion and the number has increased by 4.2% from the previous year.

Owing to the increasing disposable income, Asia Pacific is the fastest growing market and among Asia Pacific region, India commands the highest market share in the market.

Increasing awareness about healthy pet foods and altering socioeconomic status may intensify the growth of the pet care market in the Middle East also.

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Key Players

Some of the key player in the market are Aller Petfood Llc, Ancol Pet Products Limited, Beaphar, BHJ, Martin & Martin (Pty) Ltd., earthbath, J.M. Smucker Company, Nestlé, PetLife LLC and

PLATINUM PETS.

In the last few years, pet care market has been experiencing a significant growth in terms of technological advancements and innovation, for instance, PetLife LLC introduced a high-tech pet motion, activity and consumption tracker. This high-tech product is operated via Bluetooth and Wi-Fi.

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Fortified Wine Market Size, Research Report with Growth, Latest Trends & Forecasts till 2024

Globally, the fortified wine market share is estimated to escalate at a higher growth rate than any other alcohol variety based on the antioxidant content imparting anti-ageing properties. High consumption of fortified wine is backed up by its property to lower cholesterol level in the body when consumed in right quantity. The rising demand for low-calorie alcoholic beverages in the market is supporting its sale on a global level. Rapid urbanization has also supported in fueling up the market share of fortified wine all around the globe.

All these factors contribute to the calculated CAGR of 5.3% of Fortified Wine market size during 2017-2023.

Downstream Analysis

Consumption of sherry is growing at a significant rate based on its formulation and high popularity majorly in European countries. However, the sale of port wine varieties is evaluated to be growing rapidly as consumers are more inclined towards sweet wine varieties. The high alcohol content in dry wine makes it popular amongst the consumers of Europe, while, the medium and sweet varieties of wine are more popular in Asia Pacific and North America.

Due to easy availability of desired fortified wine variety and convenient shopping experience, consumers are seen to prefer store-based distribution channel over the non-store-based ones. This has resulted in increased market share of store-based channels in the fortified wine market.

Competitive Analysis

The Major Key Players in Fortified Wine Market are

• Bacardi Limited (U.K.)
• Davide Campari-Milano S.p.A. (Italy)
• The Wine Group (U.S.)
• E & J Gallo Winery (U.S.)
• Anchor Brewing Company (U.S.)
• Atsby Vermouth (U.S.)
• Gancia (Italy)

Fortified wine manufacturers across various regions follow the strategy of improving their existing product line by adding innovations to their business expansion, which, in turn, increase the demand for fortified wine is across various countries. In Europe, France is among the dominating countries holding a significant share of the fortified wine market and exports the product to different other countries, which include the U.K., the U.S., Germany, China, Belgium, and others.

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Regional Analysis

The global fortified wine market is segmented into North America, Europe, Asia Pacific, and rest of the world (ROW). Europe holds a major market share followed by North America. The high demand for fortified wine as a popular alcoholic drink from the developed countries of these regions is contributing to the growth of fortified wine market. The U.S., the U.K., China, Germany, and Canada are the major importers of fortified wine. Europe is found to be the major exporter of fortified wine and exports to major countries of North America and Asia Pacific.

Market Overview

Increasing sale of fortified wine is driven by changing consumers’ preference in alcoholic beverages. Increasing production of premium wines and new products is likely to drive the market for various fortified wine varieties as well as increase its sale in the wine market. Technology advancements in developed regions have led to the innovation in flavors leading to the production of fortified wines with flavors of infused herbs and spices. High focus on research and development of the alcoholic beverage industries has influenced the growth rate of the market. On the other hand, the population of consumers participating in campaigns and spreading awareness against alcohol consumption is one of the big challenges faced by this market. The consumption of fortified wine is found to be high in Europe and is evaluated to increase at a growth rate in various countries of North America and Asia Pacific region over the forecast period.