According to a new report published by Allied Market Research, titled, “IQF Fruits Market,” The IQF fruits market was valued at $6.2 billion in 2021, and is estimated to reach $11.8 billion by 2031, growing at a CAGR of 6.8% from 2022 to 2031.
IQF is an environment-friendly and non-thermal technique of food preservation. Most fruits and vegetables are preserved using this method. The use of IQF in food preservation is related to a number of advantages. It has various advantages, some of which include extending shelf life and maintaining the flavor & quality of food goods.
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Regional Outlook:
-> According to IQF fruits market opportunities, In 2021, North America accounted for a 40.4% share of the IQF Fruits market and is expected to maintain its dominance during the forecast period. The market for IQF fruits in North America is anticipated to increase strongly during the forecast period as a result of rising consumer awareness of the value of fruits and vegetables for their nutritional content as well as the surge in demand for convenience foods.
-> In addition, the expansion of the food service and food processing sectors in North American regions as well as the rise in demand for IQF fruits for use in culinary recipes are likely to support IQF fruits market growth in this region.
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The major players analyzed for the global IQF Fruits industry are AGRANA, Alasko Food Inc, AXUS International, LLC., Bsfoods, Capricorn Food Products India Ltd, Danone SA, Himgiri Group, RDM International, SunLeaf, and SunOpta.
Key finding of the study
- By fruit, the berries segment was the highest revenue contributor to the market with $1,077.2 million in 2021, and is estimated to reach $1,746.3 million by 2031, with a CAGR of 5.1%.
- On the basis of end use industry, the food industry segment was the highest revenue contributor to the market, with $3,084.3 million in 2021, and is estimated to reach $5,440.7 million by 2031, with a CAGR of 6.0%.
- As per sales channel, the direct segment was the highest revenue contributor to the market, with $4,441.0 million in 2021, and is estimated to grow at a CAGR of 6.5%.
- Region-wise, North America was the highest revenue contributor, accounting for $2,519.1 million in 2021, and is estimated to reach $4,310.1 million by 2031, with a CAGR of 5.7%.
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