Global Market Study on Individual Quick Freeze (IQF) Fruits: North America to Remain the Largest Market with a Share of Close to 40% in the Global Market


  • Published On : Jul-2016 |
  • Pages : 254 Pages |
  • Format :

Persistence Market Research offer a 10-year forecast for the global IQF fruits market between 2016 and 2026. In terms of value, the market is expected to register a CAGR of 6.5% during the projected period. The study demonstrates market dynamics that are expected to influence the current environment and future status of the global IQF fruits market over the forecast period. The primary objective of this report is to offer updates on trends, drivers, restraints, value forecasts, and opportunities for manufacturers operating in the global IQF fruits market. 

IQF’s all natural preserving property is driving demand for IQF fruit and vegetable products over other preservation methods such as canning or drying  as they involve use of additives and artificial ingredients. IQF technique uses only fresh fruits as a raw material. Consumers are increasingly inclined towards natural food products due to various health issues associated with artificial additives and ingredients in food processing. Growing income and exposure to new tastes and flavours and rising demand for diverse food products is driving demand for various seasonal fruits such as diced mangoes and blueberries preserved using IQF technique. Also, growth of the retail sector across the globe has led to a widespread supply of frozen fruits through wide network and cold storage. These factors are expected to bolster growth of the IQF fruits market over the next five to six years.

A section of report discusses on how the overall competition in the market is steadily increasing. It discusses various factors that are shaping internal as well as external competition in the market. Overall internal competition in the IQF fruits market is studied to be comparatively low due to low number of major providers of IQF products in the market. The global IQF fruit and vegetable industry is facing external competition from producers & distributors of fresh fruits & vegetables as well as from other food processing techniques such as canning and normal freezing. Various barriers to entry in the industry are analyzed and rated on the basis of their impact on the competition level in the market.

The report talks about the market share of total IQF market by each of the buyer segment including grocery wholesalers & supermarkets, foodservice industries, other food manufacturers and other stores. A section of the report highlights IQF fruits demand, region-wise. It provides a market outlook for 2016–2026 and sets the forecast within the context of the IQF fruits ecosystem, including the new technological developments as well as product offerings in the global IQF fruits market. This study discusses key region trends contributing to growth of the IQF fruits market globally, as well as analyses the degree to which drivers are influencing the market in each region. Key regions assessed in this report include North America, Latin America, Western Europe, Eastern Europe, Asia Pacific Excluding Japan (APEJ), Japan and Middle East and Africa.

In the final section of the report, a competitive landscape has been included to provide report audiences with a dashboard view. Key categories of providers covered in the report are IQF fruits suppliers and customers. Detailed profiles of the providers are also included in the scope of the report to evaluate their long-term and short-term strategies, key offerings and recent developments in the IQF fruits space. Key players in the global IQF fruits market include IQF fruits suppliers and customers. IQF fruits suppliers include Uren Food Group Ltd., Dirafrost Frozen Fruit Industry NV., Inventure Foods, Inc., SunOpta Inc., Cal Pacific Specialty Foods, Capricorn Food Products India Ltd., Rosemary & Thyme Limited, Milne Fruit Products Inc., Ravifruit (Kerry Group), Frutex Australia Pty Ltd., Venus Processing and Packaging Limited (Sympli), SICOLY Cooperative, Shimla Hills Offerings Pvt. Ltd. IQF customers profiled in the report include Nestlé S.A, Parmalat S.p.A., Danone, Fonterra Co-operative Group Limited, FrieslandCampina N.V., Arla Foods AMBA, Dean Foods, Saputo, Inc., Coca-Cola Company, PepsiCo, Inc., Mondelez International, Inc., Hindustan Unilever Limited, General Mills, Inc., Fraser and Neave Limited and Dairy Farmers of America.

Key Segments Covered

  • By Product Type
    • Strawberry
    • Blueberry
    • Prune
    • Peach
  • By Buyers
    • Grocery Wholesalers an supermarkets
    • Food Service Industries and Food Processors
    • Other Food Manufacturers
    • Other Stores

On the basis of product type, the market is segmented into strawberry, peach, prune and blueberry. The consumption of frozen fruits has grown in smoothies and bakery products, where initially fresh fruits were used. The market is driven by the demand of berries, especially, strawberry, raspberry and blueberry. On the basis of buyers, the market segmentation includes grocery wholesalers and supermarkets, food industries and food processors, other food manufacturers and other stores. A detailed analysis has been provided for every segment in terms of market size analysis for IQF fruits across the globe.

In addition, it is imperative to note that in an ever-fluctuating global economy, we not only conduct forecasts in terms of CAGR, but also analyse on the basis of key parameters such as year-on-year (Y-o-Y) growth to understand the predictability of the market and to identify the right opportunities.

Also, another key feature of this report is the analysis of all key segments in terms of absolute dollar. This is traditionally overlooked while forecasting the market. However, absolute dollar opportunity is critical in assessing the level of opportunity that a provider can look to achieve, as well as to identify potential resources from a sales and delivery perspective in the global IQF fruits market.

Key Regions/Countries Covered

  • North America
    • U.S.
    • Canada
  • Latin America
    • Brazil
    • Argentina
    • Rest of Latin America
  • Western Europe
    • Germany
    • France
    • U.K
    • Italy
    • Spain
    • Nordic
    • Benelux
    • Rest of Western Europe
  • Eastern Europe
    • Poland
    • Russia
    • Rest of Eastern Europe
  • Asia Pacific Excluding Japan (APEJ)
    • China
    • India
    • Australia and New Zealand
    • Rest of APEJ
  • Japan
  • Middle East & Africa
    • GCC
    • North Africa
    • South Africa
    • Rest of MEA

In terms of value, the global IQF fruits market is anticipated to expand at a CAGR of 6.5% during the forecast period and is expected to account for US$ 14.8 Bn by 2026 end. Among all products in the frozen food industry, IQF fruits are projected to be the fastest growing segment over the forecast period (2016–2026). Blueberry is projected to be the fastest growing segment of IQF fruits over the forecast period, due to the rising demand for frozen blueberries from bakery and confectionery industries in various region across the globe. Out of the total IQF fruits, strawberry accounts approximately 45% of the volume and blueberry another 9-11% share.

In the Asia Pacific (excluding Japan) region, IQF Blueberries held the largest market share of 45.0% in 2015. Revenue contribution of the segment to the APEJ IQF market is expected to increase at a CAGR of 10.2% from 2016 to 2026. In North America region, market share for blueberry segment is anticipated to fall from 41.2% in 2015 to 33.1% in 2026. This is due to the introduction of new fruit flavours of the products that use frozen fruits. In terms of value, blueberry segment in Western Europe IQF fruits market accounted for 51.1% share in 2015. The demand for frozen fruits in these countries rise mainly from baked breads, cakes, smoothies, beverages and other flavoured dairy products, such as frozen yogurt, ice cream, etc.iqf-blueberry-market

IQF Blueberry is the most expensive among the four fruits in North America and APEJ, and strawberry prices are expected to overtake blueberry by 2026.

Global blueberry production grew by 9.7% from 2010 to 2014. The U.S. accounted for more than half of the market share of 54% in blueberry production in the year 2014. Mexico, despite of holding a small share of only 3%, has shown a significant increase in production in past 5 years and is outpacing other producing countries by a CAGR (2010 till 2014) of 97.7%. Global blueberry export volume stood at 165,478 tonnes or ~18% of the total production in 2014. However, imports volume stood at 192,947 tonnes in 2014. Global blueberry import volume increased at a CAGR of 14.0% over 2010–2014, as compared to production volume CAGR of 9.7%.

The most commonly and commercially planted blueberry is the highbush that lives for up to 40-50 years. Lowbush live lesser, and also are also smaller in size as compared to highbush. Half high is the hybrid type, which is medium in size as compare to the other two. Blueberry plant starts bearing fruits after 4-5 years of plantation and harvesting can be done after 6 years. June to August is the most suitable time for harvesting blueberries. A blueberry plant is productive for 20 years or more. Blueberry bushes respond best to 16-8-8 (N-P2 O5 -K2 O), and some formulations are available with 4% added magnesium. These fertilisers are formulated keeping in mind the special needs of the blueberry and, thus, are extremely useful.

Profiles of Manufacturers

  • Uren Food Group Ltd
  • Dirafrost Frozen Fruit Industry Nv.
  • Inventure Foods, Inc.
  • SunOpta Inc.
  • Cal Pacific Specialty Foods
  • Capricorn Food Products India Ltd.
  • Rosemary & Thyme Limited
  • Milne Fruit Products Inc.
  • Ravifruit
  • Frutex Australia Pty Ltd.
  • Venus Processing and Packaging Limited
  • SICOLY Cooperative
  • Shimla Hills Offerings Pvt. Ltd.

Profiles of Customers

  • Nestlé S.A (1/2)
  • 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
  • Fraser and Neave Limited
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