IQF Fruits Market 2020: Potential growth, attractive valuation make it is a long-term investment | Know the COVID19 Impact

IQF fruits are fruits prepared by using IQF method technology where individual fruits are sent to the blast-freezers process for fast freezing in order to enhance the shelf-life of the fruits and preserve it for a longer time. This technology preserves the fruit without changing the structure and flavor of the fruit.

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Growing demand for convenience food due to busy lifestyle along with the rising number of working women is projected to fuel the market growth IQF fruits. IQF fruits do not require further preparation and portion of the fruits can be consumed and rest can be repacked using the same packaging for later consumption. This also minimizes the wastage and ensures the optimal usage of fruit. All these factors are boosting the market growth of IQF fruits.

Advantages such as preventing lumping of frozen fruits especially pulpy fruits are expected to augur the market growth of the IQF fruits. Moreover, it also preserves the crucial attributes of fruits such as texture, color, and flavor. Thus, all these advantage offered by IQF fruits is shifting manufacturer preferences towards this technology from traditional preserving technology. This is expected to foster the market growth of IQF fruits.

Key features of the study:

This report provides in-depth analysis of global IQF fruits market size (US$ Million & ‘000 Tons), and Compound Annual Growth Rate (CAGR %) for the forecast period (2020 – 2027), considering 2019 as the base year

It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
This study also provides key insights into market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategies adopted by the leading players

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It profiles leading players in the global IQF fruits market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans

Key companies covered as a part of this study includes Nestlé S.A., Parmalat S.p.A., Danone, Fonterra Co-operative Group Limited, FrieslandCampina N.V., Arla Foods, Dean Foods, Saputo, Inc., Coca-Cola Company, PepsiCo, Inc., Mondelez International, Inc., Hindustan Unilever Limited and General Mills, Inc.

Detailed Segmentation:

Global IQF Fruits Market, By Product Type:
Strawberry
Peach
Prune
Blueberry

Global IQF Fruits Market - Impact of Coronavirus (Covid-19) Pandemic

There have been unprecedented variations in the global sales of food products owing to the changes in purchase patterns among consumers. Rising trends of bulk buying and stockpiling of convenience foods has led to certain foods being in very limited supply, which in turn has led to price fluctuations in global IQF fruits market. This scenario is expected to hinder the growth rate the market till the early months of 2021.

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This release was published on openPR.