IQF Fruits Market is segmented By Fruit Type (Berries, Apple, Banana, Mango, Pineapple, Kiwi, Papaya, and Others), and By Distribution Channel (General Merchandise Retailers, Online Stores, and Supermarkets/Hypermarkets) and Region (United States, Canada, Mexico, South America, France, Germany, Italy, Spain, United Kingdom, Russia, China, India, Philippines, Malaysia, Australia, Austria, South Korea, Middle East, Japan, South Africa, Rest of World)
IQF Fruits Market size was estimated at $27.10 billion in 2020 and is expected to reach $38.53 billion by 2028, growing at a CAGR of 5.16% during the forecast period of 2021 to 2028.
Food preservation is critical for extending the shelf life of perishable items such as fruits. Freezing food items is a critical strategy for food preservation. This is a critical method because it does not affect the foods core structure or flavor. Traditional methods of food preservation like smoke, dry, salting, and pickling alter the structure and flavor of such food items. Thus, freezing is a widely used technique for food preservation. This is where the technology of individually quick freeze (IQF) comes into play. Individual fruits are run through a blast freezer during this process. This swiftly freezes the fruit, likely to result in single frozen pieces. The FDA and GRAS have acknowledged IQF fruits as a safe choice.
The major trend in the IQF fruit industry is the growing demand from food producers for the ability to store food goods for extended periods as an ingredient for use in finished products. The growing working-class population is expected to boost sales in the worldwide IQF fruits industry. Additionally, IQF fruits possess critical qualities that prevent them from deterioration during prolonged transportation, and also exposure to light and heat. Consumption of IQF fruit and goods containing IQF fruit is predicted to benefit the worldwide market, with an increase in GDP and human health consciousness. Consumers struggle to make food after a stressful day since energy is exhausted. They consume food that is quick to prepare, like frozen meals and ready-to-eat meals.
IQF Fruits Market Growth and Trend
Rapid growth for convenience foods as a result of a hectic lifestyle and the increasing working population of women is expected to drive the IQF fruit industry forward. IQF fruits dont require any preparation, and a portion of them can be consumed immediately, while the remainder can be repackaged in the same packaging for future use. Increased market for the product due to the wide availability of high-quality and durable products, growing apps in the food and beverage industry globally, growing preference for veganism among the growing population, and the development of new flavors are a few of the factors that will contribute to the IQF fruits markets expansion. Additionally, this avoids waste and guarantees maximum fruit utilization. All of these reasons contribute to the IQF fruit markets growth.
Benefits such as avoiding frozen fruits from lumping, particularly pulpy fruits, are predicted to boost the market for IQF fruits. Additionally, it protects critical fruit characteristics such as texture, color, and taste. Thus, the benefits of IQF fruits are influencing manufacturers choice for this method over older preservation technologies. This is expected to fuel market growth for IQF fruits.
Frozen fruits are preferred over canned and dried fruits because the former keeps the sensory characteristics and nutritional qualities connected with them. The industry is largely reliant on freezing technology and innovation. Numerous freezing techniques are dependent on the use of specialized equipment, such as air-blast freezers, tunnel refrigerators, belting freezers, fluidization contact freezers, immersing freezers, liquid nitrogen carbon dioxide freezers. Additionally, these items are packed to prevent contamination and to maintain their nutritional value, flavor, color, and texture.
IQF Fruits Market Segmentation
The IQF Fruits market is segmented by fruit type and distribution channel. Based on fruit type, the market consists of berries, apple, banana, mango, pineapple, kiwi, papaya, and others. Based on distribution channel, the market is divided into general merchandise retailers, online stores, and supermarkets/hypermarkets
IQF Fruits Market Country Analysis
North America is likely to have a large market for IQF fruits. The US IQF fruit sector, which is closely followed by Canada, is likely to generate significant income. The increased usage of exotic fruit is likely to considerably contribute to the growth of IQF fruits and vegetables in the North American area throughout the projected time frame. Additionally, the Asia Pacific region is expected to rise at a double-digit CAGR throughout the projected period, owing to increased disposable income and increasing consumer demand for convenience foods and packaged food items. China, Japan, S. Korea, India, Taiwan, Indonesia, Thailand, Philippines are all popular markets for the product.
IQF Fruits Market Share and Competition
The major players operating in the IQF fruits market are Nestlé S.A., Danone, Parmalat S.p.A., Fonterra Co-operative Group Limited, Arla Foods, FrieslandCampina N.V., Dean Foods, Coca-Cola Company, Saputo, Inc., PepsiCo, Inc., Hindustan Unilever Limited, Mondelez International, Inc., and General Mills, Inc.
• Historical data available (as per request)
• Estimation/projections/forecast for revenue and unit sales (2021 – 2028)
• Data breakdown for every market segment (2021 – 2028)
• Gross margin and profitability analysis of companies
• Price analysis of each product type
• Business trend and expansion analysis
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• Competition analysis/market share
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Industry Segmentation and Revenue Breakdown
Fruit Type Analysis (Revenue, USD Million, 2021 - 2028)
Distribution Channel Analysis (Revenue, USD Million, 2021 - 2028)
• General Merchandise Retailers
• Online Stores
Region Analysis (Revenue, USD Million, 2021 – 2028)
• North America
o United States
• South America
o United Kingdom
• Asia Pacific
o South Korea
• Middle East
o GCC C ountries
o South Korea
• South Africa
• Rest of World
IQF Fruits Market Companies
• Nestlé S.A.
• Parmalat S.p.A.
• Fonterra Co-operative Group Limited
• Arla Foods
• FrieslandCampina N.V.
• Dean Foods
• Coca-Cola Company
• Saputo, Inc.
• PepsiCo, Inc.
• Hindustan Unilever Limited
• Mondelez International, Inc.
• General Mills, Inc.
• United States IQF Fruits Industry Research Report
• Europe IQF Fruits Industry Research Report
• Asia Pacific IQF Fruits Industry Research Report
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