Market Overview:
The global IQF fruits market is expected to grow at a CAGR of 5.8% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for frozen fruits across the globe, owing to their nutritional benefits and long shelf life. In addition, rising disposable income and changing food habits are also propelling the growth of this market. Based on type, the global IQF fruits market is segmented into tropical fruits, red fruits and berries, citrus fruits, and others (including stone fruit). Among these segments, tropical fruit is expected to witness highest growth during the forecast period due to its increasing popularity among consumers in developed countries. By application, retail outlets accounted for majority share of the global IQF fruit market in 2017; however online stores are projected to register highest CAGR during 2018-2030 owing to growing trend of ecommerce worldwide.
Product Definition:
IQF fruits are those fruits which are frozen while they are still in the IQF (individually quick frozen) state. The importance of IQF fruits is that they can be stored for a longer period of time without becoming deteriorated, and they can also be used in recipes that require cooked fruit.
Tropical Fruits:
Tropical fruits are fruits grown in a tropical climate. The major crops producing tropical fruits include pineapple, mangoes, papaya, coconuts and bananas. Tropical fruits have higher nutrient value as compared to temperate fruit varieties due to the presence of high vitamin C & E content and lower levels of sugar.
Growing demand for exotic flavored food has led to an increase in the consumption of tropical products such as pineapple.
Red Fruits and Berries:
Red fruits and berries are rich in carotenoids, vitamins, minerals such as iron and calcium, fiber & phytonutrients. They help to reduce the risk of heart diseases by lowering blood pressure levels. The antioxidant properties of these products protect cell damage from free radicals.
The global market for red fruits.
Application Insights:
The retail outlets segment held the largest share of over 70.0% in 2017. The application of IQF fruits is limited to certain extent in retail outlets as they require immediate consumption due to their perishable nature and freshness requirement, which is a major factor restricting the growth in this segment. However, online stores are expected to be the fastest-growing market for IQF fruits over the forecast period owing to advantages such as convenience and efficiency offered by e-commerce platforms coupled with growing consumer preference for purchasing such products through online channels.
Online stores have been witnessing significant growth since past few years owing to development of e-commerce infrastructure coupled with rise in working population globally who prefer buying these types of food products through internet instead of visiting physical shops or markets, thereby positively influencing demand from online stores over next few years.
IQF fruit juices are widely used across various applications including beverages (on account of health benefits), baked goods (for taste enhancement).
Regional Analysis:
Asia Pacific was the largest regional market in 2017 and accounted for a share of more than 30%. The region is expected to witness significant growth over the forecast period owing to increasing disposable income, changing consumer preferences, and rising demand for IQF fruits. Increasing population along with growing urbanization has led to an increase in per capita consumption of fruits & vegetables across this region.
North America is projected to be one of the fastest-growing regions from 2018 to 2030 due its high concentration of online retailers such as Amazon, eBay, Walmart. These companies are focusing on offering products that are not available in local stores but require cutting procedure or preparation time less than 24 hours. This factor will help them gain a competitive edge over other retailers selling similar items at normal temperature (room temperature).
Growth Factors:
- Increasing demand for healthy and convenient food options: The IQF fruits market is benefiting from the increasing demand for healthy and convenient food options. This is because IQF fruits are a quick and easy way to get your daily dose of fruit, without having to spend time preparing them yourself.
- Rising disposable incomes: Another key growth driver for the IQF fruits market is rising disposable incomes, which is enabling consumers to afford premium quality frozen fruit products.
- Growing awareness of the health benefits of frozen fruit: There has been a growing awareness of the health benefits of frozen fruit in recent years, which is helping to drive demand for these products. Frozen fruit contains high levels of antioxidants, vitamins and minerals, making it a healthier option than fresh fruit.
- Innovative product offerings: The IQF fruits market is benefitting from the introduction of innovative product offerings by leading players in the space. These players are introducing new flavors and varieties of frozen fruits that are attracting consumers’ attention and boosting sales volumes.. 5) Expanding distribution channels: Finally, another key growth driver for theIQFfruitsmarketis expanding distribution channels across different regions worldwide
Scope Of The Report
Report Attributes
Report Details
Report Title
IQF Fruits Market Research Report
By Type
Tropical Fruits, Red Fruits and Berries, Citrus Fruits
By Application
Retail Outlets, Online Stores
By Companies
Uren Food Group, Brecon Foods, Dirafrost Frozen Fruit Industry, Inventure Foods, SunOpta, Cal Pacific Specialty Foods, Rosemary & Thyme Limited, Milne Fruit Products, Ravifruit (Kerry Group), Frutex Australia, Venus Processing and Packaging Limited, Alasko Foods, AXUS International, Rasanco, Nimeks Organics
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
235
Number of Tables & Figures
165
Customization Available
Yes, the report can be customized as per your need.
Global IQF Fruits Market Report Segments:
The global IQF Fruits market is segmented on the basis of:
Types
Tropical Fruits, Red Fruits and Berries, Citrus Fruits
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Retail Outlets, Online Stores
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Uren Food Group
- Brecon Foods
- Dirafrost Frozen Fruit Industry
- Inventure Foods
- SunOpta
- Cal Pacific Specialty Foods
- Rosemary & Thyme Limited
- Milne Fruit Products
- Ravifruit (Kerry Group)
- Frutex Australia
- Venus Processing and Packaging Limited
- Alasko Foods
- AXUS International
- Rasanco
- Nimeks Organics
Highlights of The IQF Fruits Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Tropical Fruits
- Red Fruits and Berries
- Citrus Fruits
- By Application:
- Retail Outlets
- Online Stores
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the IQF Fruits Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
IQF Fruits is a line of frozen fruit products that are made with fresh, high-quality ingredients. IQF Fruits offers a variety of fruits and vegetables that are flash frozen to lock in their nutrients and flavor.
Some of the key players operating in the iqf fruits market are Uren Food Group, Brecon Foods, Dirafrost Frozen Fruit Industry, Inventure Foods, SunOpta, Cal Pacific Specialty Foods, Rosemary & Thyme Limited, Milne Fruit Products, Ravifruit (Kerry Group), Frutex Australia, Venus Processing and Packaging Limited, Alasko Foods, AXUS International, Rasanco, Nimeks Organics.
The iqf fruits market is expected to register a CAGR of 5.8%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. IQF Fruits Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. IQF Fruits Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. IQF Fruits Market - Supply Chain
4.5. Global IQF Fruits Market Forecast
4.5.1. IQF Fruits Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. IQF Fruits Market Size (000 Units) and Y-o-Y Growth
4.5.3. IQF Fruits Market Absolute $ Opportunity
5. Global IQF Fruits Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. IQF Fruits Market Size and Volume Forecast by Type
5.3.1. Tropical Fruits
5.3.2. Red Fruits and Berries
5.3.3. Citrus Fruits
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global IQF Fruits Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. IQF Fruits Market Size and Volume Forecast by Application
6.3.1. Retail Outlets
6.3.2. Online Stores
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global IQF Fruits Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. IQF Fruits Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global IQF Fruits Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. IQF Fruits Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global IQF Fruits Demand Share Forecast, 2019-2026
9. North America IQF Fruits Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America IQF Fruits Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America IQF Fruits Market Size and Volume Forecast by Application
9.4.1. Retail Outlets
9.4.2. Online Stores
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America IQF Fruits Market Size and Volume Forecast by Type
9.7.1. Tropical Fruits
9.7.2. Red Fruits and Berries
9.7.3. Citrus Fruits
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America IQF Fruits Demand Share Forecast, 2019-2026
10. Latin America IQF Fruits Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America IQF Fruits Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America IQF Fruits Market Size and Volume Forecast by Application
10.4.1. Retail Outlets
10.4.2. Online Stores
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America IQF Fruits Market Size and Volume Forecast by Type
10.7.1. Tropical Fruits
10.7.2. Red Fruits and Berries
10.7.3. Citrus Fruits
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America IQF Fruits Demand Share Forecast, 2019-2026
11. Europe IQF Fruits Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe IQF Fruits Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe IQF Fruits Market Size and Volume Forecast by Application
11.4.1. Retail Outlets
11.4.2. Online Stores
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe IQF Fruits Market Size and Volume Forecast by Type
11.7.1. Tropical Fruits
11.7.2. Red Fruits and Berries
11.7.3. Citrus Fruits
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe IQF Fruits Demand Share, 2019-2026
12. Asia Pacific IQF Fruits Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific IQF Fruits Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific IQF Fruits Market Size and Volume Forecast by Application
12.4.1. Retail Outlets
12.4.2. Online Stores
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific IQF Fruits Market Size and Volume Forecast by Type
12.7.1. Tropical Fruits
12.7.2. Red Fruits and Berries
12.7.3. Citrus Fruits
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific IQF Fruits Demand Share, 2019-2026
13. Middle East & Africa IQF Fruits Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa IQF Fruits Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa IQF Fruits Market Size and Volume Forecast by Application
13.4.1. Retail Outlets
13.4.2. Online Stores
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa IQF Fruits Market Size and Volume Forecast by Type
13.7.1. Tropical Fruits
13.7.2. Red Fruits and Berries
13.7.3. Citrus Fruits
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa IQF Fruits Demand Share, 2019-2026
14. Competition Landscape
14.1. Global IQF Fruits Market: Market Share Analysis
14.2. IQF Fruits Distributors and Customers
14.3. IQF Fruits Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Uren Food Group
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Brecon Foods
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Dirafrost Frozen Fruit Industry
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Inventure Foods
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. SunOpta
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Cal Pacific Specialty Foods
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Rosemary & Thyme Limited
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Milne Fruit Products
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Ravifruit (Kerry Group)
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Frutex Australia
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Venus Processing and Packaging Limited
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Alasko Foods
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. AXUS International
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Rasanco
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Nimeks Organics
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
