Global Individual Quick Freeze (IQF) Fruits Market, By Type (Red Fruits and Berries, Tropical Fruits, Citrus Fruits), End-Use (Food Industry, Retail (Households), HoReCa (Food Service Providers)), Sales Channel (Direct Sales (Manufacturers), Indirect Sales) – Industry Trends and Forecast to 2029.
Individual Quick Freeze (IQF) fruits Market Analysis and Size
Food preservation is critical for extending the shelf life of consumables like vegetables and fruits. Freezing food products is an important food preservation technique. This is an important technique because it has no effect on the basic structure or flavour of the food. Smoking, drying, salting, and pickling are traditional food preservation techniques that alter the structure and flavour of the food. As a result, freezing is an important method of food preservation.
Data Bridge Market Research analyses that the individual quick freeze (IQF) fruits market was growing at a value of USD 3.52 billion in 2021 and is expected to reach a value of USD 5.91 billion and registering a CAGR of 6.70% from 2022 to 2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, patent analysis and consumer behaviour.
Individual Quick Freeze (IQF) fruits Market Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2014 - 2019)
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Quantitative Units
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Revenue in USD Billion, Volumes in Units, Pricing in USD
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Segments Covered
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Type (Red Fruits and Berries, Tropical Fruits, Citrus Fruits), End-Use (Food Industry, Retail (Households), HoReCa (Food Service Providers)), Sales Channel (Direct Sales (Manufacturers), Indirect Sales)
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, Sweden, Poland, Denmark, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
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Market Players Covered
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DSM (Netherlands), BASF SE (Germany), Lonza Group (Switzerland), Glanbia Plc (Ireland), ADM (U.S.), Farbest Brands (US.), SternVitamin GmbH & Co. KG (Germany), Adisseo (France), BTSA Biotechnologias Aplicadas S.L. (Spain), Rabar Pty Ltd (Australia), Orkla Health (Norway), Epax (norway), BioProcess Algae LLC (U.S.), Croda International plc (U.K.)
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Opportunities
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Market Definition
Individual quick freezing (IQF) vegetable is a type of frozen food product that is prepared by using individual quick freezing (IQF)—a technology that is used to keep fruits and vegetables fresh for an extended period of time. IQF employs the fluidization method, which results in the fruits being frozen for 10–12 minutes. It does not alter the taste, colour, and texture of the fruits and vegetable. After the IQF process, the food can be stored at low temperatures, reducing the problems associated with the traditional method, in which food products spoil at low temperatures.
Individual Quick Freeze (IQF) fruits Market Dynamics
Drivers
- Rising preference for experiencing different food commodities
Customers' growing preference for frozen commodities, as well as their desire for more information and the opportunity to sample a variety of nutritional values, are the primary driving forces propelling the individual quick freeze (IQF) fruits market. Some fruits and vegetables are only available during their respective seasons; freezing them allows access to off-season commodities all year.
- Wide use of e-commerce portals
The market is growing in popularity among consumers, particularly young professionals, due to the product's ease of use and time savings. This scenario is expected to provide potential opportunities for the global market by introducing new product varieties. Over the last few years, stable economic growth associated with the developing mining industry has resulted in more job opportunities, raising consumers' average income.
Furthermore, as e-commerce and online delivery services become more popular, eateries and restaurants around the world are turning to individual quick freeze (IQF) fruits to meet the demand for exotic dishes. This scenario forecasts global market expansion in the coming years.
Opportunity
To meet this rising demand, a growing number of manufacturers of individual quick freeze (IQF) fruits are entering the market, with new entrants expanding into new markets. As a result, most countries' frozen food trade is becoming increasingly international. As a result, supply chains are becoming larger and more complicated, creating a greater need for fruits and vegetables to stay fresh for extended periods of time, driving sales of individual quick freeze (IQF) fruits.
Restraints
The high costs associated with freezing equipment acquisition may pose a significant threat to the growth of the global individual quick freeze (IQF) fruits market. Furthermore, frozen foods contain a variety of preservatives that are harmful to the human body, which is another major factor that is expected to stymie the growth of the global fruits and vegetables market during the forecast period.
This individual quick freeze (IQF) fruits market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the individual quick freeze (IQF) fruits market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
COVID-19 Impact on Individual Quick Freeze (IQF) fruits Market
The COVID-19 pandemic put a huge strain on the world's food and beverage supply chains. Because of their perception of the risk associated with COVID-19, consumers' consumption habits have shifted. Fear of food and beverage shortages has fueled the hoarding phenomenon. Demand for individual quick freeze (IQF) fruits and vegetables increased as a result of the hoarding, and the companies were unable to meet the market demand. The vaccination campaign and lockdown practises to limit the virus's global spread are likely to aid in the growth of the frozen food market in regaining its position in the food and beverage sector.
Recent Development
- In October 2018, Suguna Poultry Farm Ltd announced the opening of a cold storage facility in Tiruchi. It can hold 25 tonnes of fruits and vegetables. This will provide you with salads and juices that are ready to eat.
- In November 2018, Russia and China signed a trade agreement under which Russia will begin exporting individual quick freeze (IQF) fruits to China. This will help both countries build a mutually beneficial relationship. Products that can be frozen are exported to meet the veterinary and sanitary requirements of Russia and China.
Global Individual Quick Freeze (IQF) fruits Market Scope
The individual quick freeze (IQF) fruits market is segmented on the basis of type, end use and sales channel. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Type
- Red Fruits and Berries
- Strawberries
- Blueberries
- Raspberries
- Cherries
- Cranberries
- Prunes
- Peaches
- Others
- Watermelons
- Pomegranates
- Grapefruit
- Tropical Fruits
- Pineapple
- Mango
- Papayas
- Citrus Fruits
- Oranges
- Lemon
- Lime
End use
- Food Industry
- Bakery and confectionary
- Dairy
- Fruit-based beverages
- Breakfast cereals
- Retail (Households)
- HoReCa (Food Service Providers)
Sales channel
- Direct Sales (Manufacturers)
- Indirect Sales
- Hypermarkets/supermarkets
- Convenience stores
- Specialty retail stores
- Traditional grocery stores
- Online retailers.
Individual Quick Freeze (IQF) fruits Market Regional Analysis/Insights
The individual quick freeze (IQF) fruits market is analysed and market size insights and trends are provided by country type, end use and sales channel as referenced above.
The countries covered in the individual quick freeze (IQF) fruits market report are U.S., Canada and Mexico in North America, Germany, Sweden, Poland, Denmark, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Currently, the market in North America accounts for the majority of market share and is expected to drive growth over the forecast period. This is primarily due to people's high disposable income, hectic lifestyle, changing eating habits, and a preference for ready-to-eat products in this region's countries. The Asia Pacific market is expected to grow the fastest in the near future due to changing eating habits, an increasing working-class population, the high influence of Western food habits, rising disposable incomes, busy lifestyles, and a thriving modern retail industry, to name a few factors.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Individual Quick Freeze (IQF) fruits Market Share Analysis
The individual quick freeze (IQF) fruits market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to individual quick freeze (IQF) fruits market.
Some of the major players operating in the individual quick freeze (IQF) fruits market are:
• JBS S.A.(U.S.)
• Kraft Foods (U.S.)
• BRF S.A. (Netherlands)
• Astral Foods (India)
• Hormel Foods (Hungary)
• 2 Sisters Food (France)
• Waitrose (Columbia)
• Wm. Morrison Supermarkets (U.K.)
• Samworth Brothers (U.S.)
• General Mills Inc (U.K.)
• Conagra Brands, Inc (U.S.)
• Nestlé (U.S.)
• Unilever (India)
• Kellogg Co (U.S.)
• McCain Foods Ltd. (U.S.)
• The Kraft Heinz Company. (U.S.)
• Associated British Foods plc (U.K.)
• Ajinomoto Foods (Japan)
• LantmännenUnibake (Germany)
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