Individual Quick Freeze Fruits Market Growing at 6.5% CAGR by 2026

The global market for IQF fruits is expected to witness relatively fast growth among other products in the IQF industry, over the forecast period 2016-2026. The global revenues for IQF market is expected to reach a value close to US$ 14.8 Bn in 2026.

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Increasing awareness among customers on potential impact of artificial ingredients and additives is a significant factor that is expected to drive growth of the global market over the forecast period. Furthermore, increasing demand for blueberry segment in the global market of IQF fruits is expected to drive the growth of the market. The global market of IQF fruits witnesses a significant demand from various confectionary and bakery sector, which is a significant factor owing to which the global market for IQF fruit is expected to witness a significant growth during the forecast period. Moreover, rising adoption by various dairy companies along with pet food producers of IQF fruits as a raw material is a significant factor expected to drive revenue growth of market during the forecast period. The global market for IQF is gaining traction as compared to other preservation techniques such as canning food products or drying food products.

Among other brands, Nestle is expected to serve as a major buyer segment in the global IQF market over the forecast period. Increasing demand for IQF fruits is expected to be effected owing to increasing industrial demand for IQF fruits as raw material. Moreover, advancement in IQF technology is increasing in parallel to rising population.

By product type, among other segments, strawberry is expected to dominate the market and hold major revenue share, however, blueberry is expected to dominate the market owing to rising demand by bakery and confectionary industries in various regions across the globe. The strawberry segment is expected to reach US$ 578 Mn, whereas the market segment for blueberries is expected to increase at a Y-o-Y growth of around 10%. In terms of shipment, blueberry accounts for approximately 9-11% share, whereas strawberry accounts for nearly 45% share.

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On the basis of region, revenues for the global market of IQF fruit from region of North America is expected to dominate the IQF market and is expected to witness a Y-o-Y growth of 5.9% in 2015, and further reach about 870 thousand tons in 2016. Whereas, Western Europe is expected to feature as the second largest market for IQF fruits in 2016, while market value is expected to reach 1.3 Bn for this region. Owing to market saturation, the Eastern Europe market for the IQF fruits market is expected to witness a staggering growth.

The global revenues for the market is expected to reach close to US$ 8.0 Bn in 2016 and expected to grow at a CAGR OF 6.5% during the forecast period. Global IQF fruits market value is expected increase from US$ 7.4 Bn to US$ 14.8 Bn in 2026.

Some major key players in the global IQF fruits market include IQF fruits suppliers and customers. The suppliers include Dirafrost Frozen Fruit Industry NV., Uren Food Group Ltd., Inventure Foods, Inc., SunOpta Inc., Capricorn Food Products India Ltd., Cal Pacific Specialty Food, Rosemary & Thyme Limited, Milne Fruit Product Inc., Frutex Australia Pty Ltd., Ravi Fruit (Kerry Group), Shimla Hills Offerings Pvt. Ltd., SICOLY Cooperative, Venus Processing and Packaging Limited (Sympli). The customers include Nestle S.A, Hindustan Unilever Limited, Coca-Cola Company, PepsiCo, Inc., Danone, Dean Foods, Saputo, Inc., Arla Foods AMBA, Fonterra Co-operative Group Limited, FrieslandCampina N.V., Mondelez International, Inc., General Mills Inc., Fraser and Neave Limited and Dairy farmers of America.

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Long-term Outlook: The global IQF fruits market is expected to grow at a CAGR of 6.5% during the forecast period. The market value for the global IQF market is expected to increase from US$ 7.4 Bn to US$ 14.8 Bn in 2026.

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