Impact Analysis of Covid-19

The complete version of the Report will include the impact of the COVID-19, and anticipated change on the future outlook of the industry, by taking into the account the political, economic, social, and technological parameters.

Definition of Market/Industry:

IQF fruits are fruits prepared by using IQF method technology where individual fruits are sent to the blast-freezers process for fast freezing in order to enhance the shelf-life of the fruits and preserve it for a longer time. This technology preserves the fruit without changing the structure and flavor of the fruit.

Statistics:

The global IQF fruits market is estimated to account for US$ 9,490.9 Mn in terms of value and 2,715.2 Thousand Tons in terms of volume in 2019.

Drivers:

Driver 1

Growing demand for convenience food due to busy life>

Driver 2

Advantages such as preventing lumping of frozen fruits especially pulpy fruits are expected to augur the market growth of the IQF fruits. Moreover, it also preserves the crucial attributes of fruits such as texture, color, and flavor. Thus, all these advantage offered by IQF fruits is shifting manufacturer preferences towards this technology from traditional preserving technology. This is expected to foster the market growth of IQF fruits.

Statistics:

North America region dominated the global IQF fruits market in 2019, accounting for 29.8% share in terms of value, followed by APEJ and Western Europe, respectively

Figure 1. Global IQF Fruits Market, Revenue Share (%), By Region, 2019

IQF Fruits  | Coherent Market Insights

Market Restraints

Restraint 1

High power and freight cost associated with the frozen food technology as it requires special condition such as equipment etc. is expected to hinder the market growth of IQF fruits.

Restraint 2

Lack of proper infrastructures such as shortage of power, poor road, and lack of warehouses across developing countries is a major challenges for the market growth of IQF fruits. Moreover, the lack of cold chain retails outlets across developing countries is further expected to restrict the market growth of IQF fruits.

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IQF Fruits Market Report Coverage

Report Coverage Details
Base Year: 2019 Market Size in 2019: US$ 9,490.9 Mn
Historical Data for: 2016 to 2019 Forecast Period: 2020 to 2027
Forecast Period 2020 to 2027 CAGR: 6.5% 2027 Value Projection: US$ 15,772.5 Mn
Geographies covered:
  • North America: U.S., Canada
  • Latin America: Brazil, Mexico, Rest of Latin America
  • Western Europe: Germany, U.K., France, Italy, Spain, Nordic, BENELUX, Rest of Europe
  • Eastern Europe: Russia, Poland, Rest of Europe
  • APEJ: China, India, ASEAN, ANZ, Rest of APEJ
  • Japan
  • Middle East & Africa: South Africa, GCC Countries, Rest of Middle East & Africa
Segments covered:
  • By Product Type: Strawberry, Peach, Prunes and Blueberry
Companies covered:

Nestlé S.A., 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 and General Mills, Inc.

Growth Drivers:
  • Growing demand for convenience food due to busy life>
  • Advantages such as preventing lumping of frozen fruits especially pulpy fruits
Restraints & Challenges:
  • High power and freight cost associated with the frozen food technology

Market Opportunities

Figure 2. Global IQF Fruits Market – Opportunity Analysis

IQF Fruits  | Coherent Market Insights

Opportunity 1

Growth in the logistic sector across developing regions coupled with the rising per capita income of the populations is expected to serve major growth opportunities. Rising demand for frozen fruits from the dairy industry for preparing flavored based yogurt and beverages such as milkshakes, smoothies, energy drinks, etc. is fueling the market growth Also, the growing demand for healthy candies and jellies are further expected to augment the market growth of IQF fruits.

Opportunity 2

Strict rules and regulation by the government for reducing the use of artificial ingredients in food is expected to serve lucrative opportunities for the market of IQF fruits. IQF fruits are free from preservatives which are boosting their demand around the globe. Lack of fruit production across the Middle East and Africa region is further creating demand for IQF fruits as these can be stored for 12 months.

Figure 3. Global IQF Fruits Market, Revenue Share (%), By Product Type, in 2019

IQF Fruits  | Coherent Market Insights

On the basis of product type, strawberry dominated the global IQF fruits market in 2019 with around 42.6% of market share in terms of revenue, followed by blueberry and peach, respectively

Market Trends/Key Takeaways

Trend 1

Partnership and agreements by the key manufacturer is a major trend in the market and this trend is expected to propel the market growth of IQF fruits. For instance, in May 2019, Greenyard Frozen UK has entered a new partnership with supermarket chain Tesco in order to supply its full assortment of frozen fruits, vegetables, and herbs to the retail giant. The partnership will also allow the supermarket giant to offer its customers the widest frozen fruit portfolio with around 25 premium quality frozen fruit stock-keeping units.

Trend 2

The growing consumption of exotic fruits is expected to be a major trend in the market. Moreover, various manufacturers are focusing on promotions and attractive packaging of IQF fruits for increasing consumer base is further expected to foster the market growth of IQF fruits over the forecast period.

Regulations

Australia

Businesses must date temperature recordings and store these for at least one year or longer, depending on the nature and shelf-life of the QFF

Global IQF Fruits Market - Impact of Coronavirus (Covid-19) Pandemic

There have been unprecedented variations in the global sales of food products owing to the changes in purchase patterns among consumers. Rising trends of bulk buying and stockpiling of convenience foods has led to certain foods being in very limited supply, which in turn has led to price fluctuations in global IQF fruits market. This scenario is expected to hinder the growth rate the market till the early months of 2021.

Competitive Section:

Company Names 

  1. Nestlé S.A.
  2. Parmalat S.p.A.
  3. Danone
  4. Fonterra Co-operative Group Limited
  5. FrieslandCampina N.V.
  6. Arla Foods
  7. Dean Foods
  8. Saputo, Inc.
  9. Coca-Cola Company
  10. PepsiCo, Inc.
  11. Mondelez International, Inc.
  12. Hindustan Unilever Limited
  13. General Mills, Inc.

The global IQF fruits market is growing at substantial rate, owing to the rising popularity of non-seasonal fruits across the globe. In addition to this, growing demand for convenience foods due to busy lifestyle is expected to foster the growth of the market during the forecast period. IQF fruits are available for various product types such as strawberry, peach, prune and blueberry.

Market Dynamics

The global IQF fruits market has witnessed significant growth in recent past years, owing to the changing consumer lifestyles which have led to a shift in food preference. For instance, growing demand for processed and convenience foods is expected to fuel the growth of the global IQF fruits market during the forecast period. Further, individual quick freezing (IQF) process is applied to smaller pieces of fruits where the fruit pieces undergo fast freezing individually and avoids formation of larger ice crystals.

Major players in the global IQF fruits market are increasing their investment on innovative product launchings, research & development and marketing & promotional activities to capitalize on emerging trends in various product types such as strawberry and peach, among others. This scenario is expected to fuel the market during the forecast period.

Key features of the study:

  • This report provides in-depth analysis of global IQF fruits market size (US$ Million & ‘000 Tons), and Compound Annual Growth Rate (CAGR %) for the forecast period (2020 – 2027), considering 2019 as the base year
  • It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
  • This study also provides key insights into market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategies adopted by the leading players
  • It profiles leading players in the global IQF fruits market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
  • Key companies covered as a part of this study includes Nestlé S.A., 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 and General Mills, Inc.
  • Insights from this report would allow marketers and the management authorities of companies to make informed decision regarding their future product launches, Application up-gradation, market expansion, and marketing tactics
  • The global IQF Fruits market report caters to various stakeholders in this industry including investors, suppliers, global IQF fruits manufacturers, distributors, new entrants, and financial analysts
  • Stakeholders would have ease in decision-making through various strategy matrices used in analysing the global IQF Fruits market

Detailed Segmentation:

  • Global IQF Fruits Market, By Product Type:
    • Strawberry
    • Peach
    • Prune
    • Blueberry
  • Global IQF Fruits Market, By Region:
    • North America
      • U.S.
        • By Product Type
          • Strawberry
          • Peach
          • Prune
          • Blueberry
      • Canada
        • By Product Type
          • Strawberry
          • Peach
          • Prune
          • Blueberry
    • Latin America
      • Brazil
        • By Product Type
          • Strawberry
          • Peach
          • Prune
          • Blueberry
      • Mexico
        • By Product Type
          • Strawberry
          • Peach
          • Prune
          • Blueberry
      • Argentina
        • By Product Type
          • Strawberry
          • Peach
          • Prune
          • Blueberry
      •  Rest of Latin America
        • By Product Type
          • Strawberry
          • Peach
          • Prune
          • Blueberry
    • Western Europe
      • Germany
        • By Product Type
          • Strawberry
          • Peach
          • Prune
          • Blueberry
      • U.K.
        • By Product Type
          • Strawberry
          • Peach
          • Prune
          • Blueberry
      • France
        • By Product Type
          • Strawberry
          • Peach
          • Prune
          • Blueberry
      • Italy
        • By Product Type
          • Strawberry
          • Peach
          • Prune
          • Blueberry
      • Spain
        • By Product Type
          • Strawberry
          • Peach
          • Prune
          • Blueberry
      • Nordic
        • By Product Type
          • Strawberry
          • Peach
          • Prune
          • Blueberry
      • BENELUX
        • By Product Type
          • Strawberry
          • Peach
          • Prune
          • Blueberry
      • Rest of Western Europe
        • By Product Type
          • Strawberry
          • Peach
          • Prune
          • Blueberry
    • Eastern Europe
      • Russia
        • By Product Type
          • Strawberry
          • Peach
          • Prune
          • Blueberry
      • Poland
        • By Product Type
          • Strawberry
          • Peach
          • Prune
          • Blueberry
      • Rest of Eastern Europe
        • By Product Type
          • Strawberry
          • Peach
          • Prune
          • Blueberry
    • APEJ
      • China
        • By Product Type
          • Strawberry
          • Peach
          • Prune
          • Blueberry
      • India
        • By Product Type
          • Strawberry
          • Peach
          • Prune
          • Blueberry
      • ASEAN
        • By Product Type
          • Strawberry
          • Peach
          • Prune
          • Blueberry
      • ANZ
        • By Product Type
          • Strawberry
          • Peach
          • Prune
          • Blueberry
      • Rest of the APEJ
        • By Product Type
          • Strawberry
          • Peach
          • Prune
          • Blueberry
    • Japan
        • By Product Type
          • Strawberry
          • Peach
          • Prune
          • Blueberry
    • Middle East & Africa
      • GCC
        • By Product Type
          • Strawberry
          • Peach
          • Prune
          • Blueberry
      • South Africa
        • By Product Type
          • Strawberry
          • Peach
          • Prune
          • Blueberry
      • Rest of Middle East & Africa
        • By Product Type
          • Strawberry
          • Peach
          • Prune
          • Blueberry
  • Company Profiles
    • Nestlé S.A.
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Key Strategies
      • Recent Developments
      • Future Plans
    • 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
    • General Mills, Inc.

 “*” marked represents similar segmentation in other categories in the respective

Table of Contents

  1. Research Objectives and Assumptions
    • Research Objectives
    • Assumptions
    • Abbreviations
  2. Market Purview
    • Report Description
      • Market Definition and Scope
    • Executive Summary
      • Market Snippet, By Product Type
      • Market Snippet, By Region
    • Coherent Opportunity Map (COM)
  3. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
        • Supply Side Drivers
        • Demand Side Drivers
        • Economic Drivers
      • Restraints
      • Market Opportunities
      • Regulatory Scenario
      • Industry Trend
      • PEST Analysis
      • PORTER’s Analysis
      • New Product Approvals/Launch
      • Promotion and Marketing Initiatives
  4. Global IQF Fruits Market - Impact of Coronavirus (Covid-19) Pandemic
    • Overview
    • Factors Affecting Global IQF Fruits Market – COVID-19
  5. Global IQF Fruits Market, By Product Type, 2017 - 2027 (US$ Million & ‘000 Tons)
    • Introduction
      • Market Share Analysis, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, 2020 - 2027
      • Segment Trends
    • Strawberry
      • Market Share Analysis, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, 2020 - 2027
    • Peach
      • Market Share Analysis, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, 2020 - 2027
    • Prune
      • Market Share Analysis, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, 2020 - 2027
    • Blueberry
      • Market Share Analysis, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, 2020 - 2027
  6. Global IQF Fruits Market, By Region, 2017- 2027 (US$ Million & ‘000 Tons)
    • Introduction
      • Market Share Analysis, By Region, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, By Region, 2020 - 2027
    • North America
      • Market Share Analysis, By Country, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, By Country, 2020 - 2027
        • U.S.
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Million & ‘000 Tons)
        • Canada
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Million & ‘000 Tons)
    • Latin America
      • Market Share Analysis, By Country, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, By Country, 2020 - 2027
        • Brazil
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Million & ‘000 Tons)
        • Mexico
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Million & ‘000 Tons)
        • Argentina
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Million & ‘000 Tons)
        • Rest of Latin America
          • Sub-region/Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Million & ‘000 Tons)
    • Western Europe
      • Market Share Analysis, By Country, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, By Country, 2020 - 2027
        • Germany
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Million & ‘000 Tons)
        • U.K.
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Million & ‘000 Tons)
        • France
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Million & ‘000 Tons)
        • Italy
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Million & ‘000 Tons)
        • Spain
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Million & ‘000 Tons)
        • Nordic
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Million & ‘000 Tons)
        • BENELUX
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Million & ‘000 Tons)
        • Rest of Western Europe
          • Sub-region/Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Million & ‘000 Tons)
    • Eastern Europe
      • Market Share Analysis, By Country, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, By Country, 2020 - 2027
        • Poland
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Million & ‘000 Tons)
        • Russia
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Million & ‘000 Tons)
        • Rest of Eastern Europe
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Million & ‘000 Tons)
    • APEJ
      • Market Share Analysis, By Country, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, By Country, 2020 - 2027
        • China
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Million & ‘000 Tons)
        • India
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Million & ‘000 Tons)
        • ASEAN
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Million & ‘000 Tons)
        • ANZ
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Million & ‘000 Tons)
        • Rest of Asia Pacific
          • Sub-region/Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Million & ‘000 Tons)
    • Japan
      • Country Trends
      • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Million & ‘000 Tons)
    • Middle East & Africa
      • Market Share Analysis, By Country/ Sub-region, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, By Country/ Sub-region, 2020 - 2027
        • GCC
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Million & ‘000 Tons)
        • South Africa
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Million & ‘000 Tons)
        • Rest of Middle East & Africa
          • Sub-region/Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Million & ‘000 Tons)
  7. Competitive Landscape
    • Market Share Analysis
    • Company Profiles
    • Nestlé S.A.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments
        • Future Plans
    • Parmalat S.p.A.
      • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments
        • Future Plans
      • Danone
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments
        • Future Plans
      • Fonterra Co-operative Group Limited
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments
        • Future Plans
      • FrieslandCampina N.V.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments
        • Future Plans
      • Arla Foods
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments
        • Future Plans
      • Dean Foods
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments
        • Future Plans
      • Saputo, Inc.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments
        • Future Plans
      • Coca-Cola Company
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments
        • Future Plans
      • PepsiCo, Inc.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments
        • Future Plans  
      • Mondelez International, Inc.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments
        • Future Plans
      • Hindustan Unilever Limited
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments
        • Future Plans
      • General Mills, Inc.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments
        • Future Plans
    • References
    • Research Methodology
    • About us and Sales Contact

* Browse 45 market data tables* and 30 figures* on "Global IQF Fruits Market” – global forecast to 2027

Frequently Asked Questions

The market for global IQF fruits is forecast to surpass US$ 15,772.5 million by 2027 witnessing a CAGR of 6.5% between 2020 and 2027.
Growing demand for convenience food due to busy lifestyle along with the rising number of working women around the globe is fuelling the growth of the global IQF fruits market in the region.
The growing consumption of exotic fruits is expected to favor market growth over the forecast period.
High power and freight cost associated with the frozen food technology is expected to hamper the growth the market during the forecast period.
Major players operating in the global IQF fruits market include Nestlé S.A., 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 and General Mills, Inc.
The global IQF fruits market was estimated to be valued around US$ 9,490.9 million in terms of revenue in 2019.
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