IQF Fruits Market Size, Share, Trends, Opportunities Analysis Forecast Report by 2032

IQF Fruits Market Insights

According to Zion Market Research, the global IQF Fruits Market was worth USD 6.76 Billion in 2023. The market is forecast to reach USD 12.21 Billion by 2032, growing at a compound annual growth rate (CAGR) of 6.8% during the forecast period 2024-2032.

The report offers a comprehensive analysis of the market, highlighting the factors that will determine growth, potential challenges, and opportunities that could emerge in the IQF Fruits Market industry over the next decade.

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Global IQF Fruits Market: Overview

The acronym IQF stands for "Individually Quick Frozen." The fact that each piece of food is frozen separately distinguishes IQF foods. Flash-freezing is another name for IQF. The IQF method involves placing individual food products on a conveyor belt into a blast chiller, which rapidly freezes them. The food products remain separate once they've been frozen as they're segregated already before they are placed in.

Many people prefer frozen or IQF fruits because of their different attributes and benefits. They are simple to prepare and can be used to make a variety of dishes. Frozen fruits do not lose their nutrients during the freezing process, so labelling frozen fruits as nutritious is not misleading. When it comes to freezing these foods, it's not as easy as removing them from their source and placing them in the freezer. In reality, the fruits are frozen using a meticulous and sophisticated method.

IQF fruits are those that have been processed using IQF technology, which involves sending individual fruits to blast freezers for quick freezing in order to extend the fruits' shelf life and preserve them for a longer period of time. With the use of this technique, fruit can be preserved without losing its natural taste or texture.

In the food and beverage industry, the shelf life of food goods is a crucial factor in determining consumer purchase decisions. Consumers are interested in the taste, quality, and cleanliness of the food goods they buy. The IQF technology is frequently used in the food and beverage sector to preserve food products and stop them from losing taste and quality before being consumed. In addition, the requirement for fruit preservation is crucial. To prevent denaturing or spoilage before consumption, these foods must be stored or preserved in a low-temperature environment. The benefits of not having frozen fruits bunch together, especially pulpy fruits, are anticipated to boost the market growth of IQF fruits. Thus, increasing demand for food including fruits with a longer shelf life is fueling the market growth of the IQF fruits market.

Consumer spending on luxury food items is growing rapidly, and fast foods, bakery products, ice creams, and other such lifestyle food products are witnessing increased popularity. IQF fruits are increasingly used in the bakery & confectionary and dairy industries. The demand for high-end frozen bakery products such as cakes and pastries has increased on account of innovative products launched by various players. Furthermore, cooked and semi-cooked frozen food sales are increasing in developing economies such as India and China on account of busy consumer lifestyles, which significantly contributes toward the growth of the global market.

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The popularity of IQF fruit products can be attributed to a number of factors. The first and most important explanation is the ease with which these products are used. It is not necessary to wash frozen fruits before eating them. They also don't need to be peeled or chopped.

The incredible shelf-life of frozen fruits is the second major factor driving up demand. When compared to fresh produce, these foods can be stored for a longer period of time. Above all, they are very cheap and are barely affected by changes in farm produce prices.

People have a lot of misconceptions and beliefs about frozen fruits. It's important to note, however, that there's no difference between the health benefits of frozen and fresh produce. Many studies have been performed to prove the argument, and they all came to the same conclusion: the amount of nutrients in frozen and fresh produce is the same. Shimla Hills, as one of the leading frozen fruit producers, ensures that the frozen food products retain all of their nutrients throughout the manufacturing process.

Impact of Coronavirus (Covid-19) Pandemic

Due to shifts in customer purchasing habits, there have been unprecedented fluctuations in global food product prices. Rising patterns of bulk buying and stockpiling convenience foods have resulted in a scarcity of such foods, causing price volatility in the global IQF fruits market. This situation is likely to slow the market's growth until the first quarter of 2021.

Global IQF Fruits Market: Growth Factors

The IQF fruits market is expected to rise due to increasing demand for convenience foods as a result of busy lifestyles and an increase in the number of working women. IQF fruits do not need any additional preparation, and a part of the fruits can be eaten while the balance could be repackaged for later consumption. This also reduces waste and ensures the fruit is used to its full potential. All of these factors are contributing to the growth of the IQF fruit industry.

Potential benefits such as preventing frozen fruits from lumping together, particularly pulpy fruits, are expected to boost the demand for IQF fruits. It also retains important fruit characteristics including texture, colour, and taste. As a result of all of these benefits, manufacturers are changing their preferences away from conventional preserving technology to IQF fruits. This is expected to help IQF fruits to increase in popularity.

Global IQF Fruits Market: Opportunity

Development in the logistics sector in emerging economies, combined with increasing per capita income, is expected to provide significant growth opportunities. The dairy industry's growing demand for frozen fruits to make flavoured yoghurt and beverages like milkshakes, smoothies, and energy drinks is propelling the market forward. In addition, the rising demand for healthy candies and jellies is expected to boost the demand for IQF fruits market.

Strict government rules and regulations aimed at limiting the use of artificial ingredients in food are expected to provide lucrative opportunities for the IQF fruit industry. Since IQF fruits are free of preservatives, they are in high demand all over the world. Lack of fruit production in the Middle East and Africa is driving up demand for IQF fruits, which can be stored for up to one year.

Global IQF Fruits Market: Segmentation

Berries are one of the popular fruits in the IQF fruits market due to its various health benefits. Berries are classified into strawberries, raspberries, cranberries, and blueberries. Berries have been shown to help with blood sugar and insulin levels. Test-tube and human research indicates that they can protect the cells from uncontrolled diabetes, help increase insulin sensitivity, and decrease blood sugar and insulin response to high-carb foods. Berries are a low-calorie, high-nutrient food. They contain many vitamins and minerals in addition to being rich in antioxidants.

Mango is expected to witness a healthy growth rate over the forecast period, due to its widespread use in juice, and desserts. Mangoes include healthy natural sugars, increases the intake of beneficial dietary fibre, and fit into a calorie-controlled diet with around 100 calories per cup. According to the Food and Drug Administration, frozen mangoes allow for longer storage but do not lose any nutrients as compared to fresh mangoes.

IQF Fruits Market: Report Scope

Global IQF Fruits Market: Regional Analysis

By Geography, the IQF fruits market is segmented into North America, Europe, Latin America, Asia Pacific, and Middle East and Africa.

North America is projected to be the largest IQF fruits market. The IQF fruits market in the United States, which is closely followed by Canada, is expected to generate significant revenue. The increased use of exotic fruit is expected to contribute significantly to the growth of IQF fruits over the forecast period in the North American region. Due to higher disposable income and a higher consumer proclivity for more processed and convenient food products, Asia Pacific is projected to rise at the fastest pace.

Global IQF Fruits Market: Competitive Players

Some of the leading players in the global market inlcude

• 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.
• General Mills Inc.

The report segment of global IQF fruits market are as follows:

By Fruit Type Segment Analysis

• Berries
  • Blueberry
  • Strawberry
  • Cranberry
  • Raspberry
• Apple
• Banana
• Mango
• Pineapple:
• Kiwi
• Papaya
• Others

By Distribution Channel Segment Analysis

• General Merchandise Retailers
• Online Stores
• Supermarkets/Hypermarkets

By Regional Segment Analysis

• North America

  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa