IQF Fruits Industry Size, Share, Revenue & Industry Statistics | Global Forecast 2024-2030

Market Estimation & Definition

IQF Fruits Industry —frozen swiftly at peak freshness to preserve taste, texture, and nutrients—have established a resilient market. In 2023, the global IQF fruits sector was valued at approximately USD 7.16 billion, with expectations to reach roughly USD 10.70 billion by 2030. The compound annual growth rate (CAGR) is forecast at around 5.9% between 2024 and 2030.

Market Overview

The leading key players in the IQF fruits market have a tremendous market opportunity because of the customers' growing preference for fruits as well as their rising need for products with a longer shelf life. Growing demand for convenience foods as a result of a busy lifestyle as well as an increase in the number of working women is also expected to drive market growth for IQF fruits. The IQF fruit market is expected to be hampered by price fluctuations.

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COVID-19 Impact:

The emergence of the coronavirus pandemic had a significant negative impact on the IQF Fruits sector. Most manufacturing connections were affected as a result of the lockdowns, creating trouble in the supply chain. Because most agricultural producers were unable to offer their products to IQF Fruits manufacturers, therefore the market demand dropped. The availability of IQF fruits market suffered and caused a decline in revenue with the shutting down of supermarkets and retail stores because of the lockdown.

Market Restraint

Inappropriate storage and transport facilities in small retail stores are a serious concern for businesses in developing countries. Deep freezing and storage facilities are required for IQF fruit products. Furthermore, rural areas in developing markets such as India and China face storage, refrigeration, and electrical challenges, posing a significant threat to major frozen food manufacturers. Furthermore, the absence of transportation facilities hampers the distribution of IQF fruits to households. As a result, all of these factors together hamper the growth of the global IQF fruit market size.

The high costs associated with freezing equipment procurement may pose a significant threat to the growth of the global individual quick freeze (IQF) fruits industry. Furthermore, frozen foods contain a range of preservatives that are harmful to the human body, which is another major factor that is expected to hamper the growth of the global fruit market throughout the forecast period.

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Segmentation Analysis

From the IQF fruits landscape:

Based on Fruit, the berries segment dominated the market in 2023 and is expected to grow during the forecast period. IQF berries are rich in flavonoid and phenolic compounds with a low fructose level which helps in brain functioning and reduces the development of cancer cells. A cup of IQF berries can provide one-third of the daily prescription for vitamin C. IQF berries are best consumed for ice creams, yogurts, desserts, jellies, or any entrée that demands berry pieces.

Based on End-use, the Food Industry segment led the market in 2023 and is expected to dominate the market over the forecast period. The demand for bakery and confectionery products is increasing every day as a result of changing lifestyles, a growing population, and economic advancements. Growing urbanization and rising demand for ready-to-eat or quick meals are expected to boost sales of bread and cereal products. The inclusion of IQF fruits in bakery and confectionery items is boosting the growth of the IQF fruit market.

Based on the Sales Channel, the specialty retail shops segment is expected to grow at a CAGR of 7.8% throughout the forecast period. Consumers prefer to examine and evaluate products before purchasing, which increases retail sales of IQF fruits. Specialty stores give excellent customer service and full product specification & expert guidance to the consumers, which improve the sale of these products. Furthermore, these businesses encourage both international and private-label brand sales in their stores.

Country-Level Analysis

  • United States: Commands the largest share in North America, propelled by busy lifestyles, brand awareness, health-driven choices, and sophisticated packaging and cold-chain infrastructure.

  • Germany: A key contributor within Europe’s market, backed by strong consumer spending, robust economic stability, and an increasing gravitation toward refrigerated and frozen health foods.

Commutator Analysis (SWOT)

1.Ardo N.V.
2.The Agrana Group
3.Alasko Foods Inc.
4. AXUS International, LLC.
5. Danone SA
6. Himgiri Group
7. RDM International, Inc.
8. SunLeaf Renewable Solutions LLP
9. SunOpta Inc.
10.Capricorn Food Products India Ltd.
11.Uren Food Group Ltd.
12.Bs Foods B.V.
13.Rosemary & Thyme Ltd.
14. Fruktana Ltd
15.TAMARA Foods
16. Fauji Fresh n Freeze Limited
17.Milne Fruit Products Inc.
18. Frutex Australia Pvt Ltd.
19. Shimla Hills Offerings Pvt. Ltd.
20.Alasko Foods Inc.
21. Snow Fresh Egypt

Conclusion

The IQF fruits industry is entering a compelling growth phase, driven by shifting consumer priorities—such as health consciousness, sustainability, and ease of use—as well as expanding industrial utilization. With a projected market size nearing USD 10.7 billion by 2030, opportunities abound in berries, product diversification, and modern retail formats. Yet, addressing logistical and infrastructural hurdles will be critical for long-term success. As frozen fruit becomes an increasingly central ingredient across smoothies, yogurts, baked goods, beverages, and even pet food, producers and brands poised to innovate and invest in cold-chain systems are well positioned to capitalize on a promising future.

 

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