By region, the study provides market insights into North America, Europe, Asia-Pacific and the Rest of the World. North America IQF's fruits & vegetables market accounted for USD 2351.6 million in 2021 and is expected to exhibit a significant CAGR of 45.80 percent growth during the study period. The FDA has implemented several restrictions that reduce the use of dangerous compounds like trans fats. These elements are promoting market for IQF fruits & vegetables expansion in the area.
As a result of vegetables' high nutritional value and low-calorie content, Americans and Canadians are increasingly consuming packaged food items, which has fueled the regional market for IQF fruits & vegetables expansion.
Further, the major countries studied in the market report are The U.S, Canada, Germany, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.
Figure 3: IQF FRUITS & VEGETABLES MARKET SHARE BY REGION 2023 (%)

Source: Secondary Research, Primary Research, Market Research Future Database and Analyst Review
Europe IQF fruits & vegetables market accounts for the second-largest market. High consumer spending power, economic stability, and changes in food preferences are some of the key growth factors in the area. In addition, Sales of frozen foods soared in the early months of COVID-19's unexpected breakout, but they sharply declined in the following months. Germany, the largest European food market, sold more than 3.66 million tonnes of frozen food products in 2020.
Further, the German IQF fruits & vegetables market held the largest share, and the UK IQF fruits & vegetables market was the fastest-growing market in the European region.
The Asia-Pacific IQF fruits & vegetables market is expected to grow at the fastest CAGR from 2024 to 2032. The rising number of cold chain facilities in various emerging nations also aids regional market for IQF fruits & vegetables expansion. According to information currently available, in 2021, India had 8186 cold storage facilities with a total capacity of 374.25 lakh MT. Additionally, developing nations like India, Japan, and China are benefiting from an increase in refrigeration facilities in retail stores and an increase in the availability of frozen food through online retailers.
Moreover, China's IQF fruits & vegetables market held the largest share, and the Indian IQF fruits & vegetables market was the fastest-growing market in the Asia-Pacific region.