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 Trends

The increasing focus of manufacturers to expand the IQF Fruits product range is a major trend that has been observed in the market of IQF Fruits. The rising trend of mergers and acquisitions among major players to attain a competitive edge in the market. Some of the key players in the IQF fruits sector are AGRANA, Alasko Food Inc, AXUS International, LLC., Bsfoods, Capricorn Food Products India Ltd, Danone SA, Himgiri Group, RDM International, SunLeaf, and SunOpta. Europe had the second-highest IQF fruit market share in 2023 and is expected to retain its market share during the forecast period. The large spending capabilities of consumers and economic stability are some of the primary factors for the growth of the frozen food business in the European region is expected to foster the market growth of IQF Fruits over the forecast period.

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:

by Fruit

1.Berries
2.Peach
3.Prune
4.Bananas
5.Pineapple
6.Mangoes
7.Oranges
8.Others

by Application

1.Retail Outlets
2.Online Stores

by Sales channel

1.Direct Sales (Manufacturers)
2.Indirect Sales
3.Hypermarkets/supermarkets
4.Convenience stores
5.Specialty retail stores
6.Traditional grocery stores
7.Online retailers.

by End-use

1.Food Industry
2.Bakery and confectionary
3.Dairy
4.Fruit-based beverages
5.Breakfast cereals
6.Retail (Households)
7.HoReCa (Food Service Providers)

Regional Insights

In North America, the IQF Fruits market accounted for the highest revenue share in 2023. The fast-paced modern lifestyles that have pushed customers to look for convenient and hygienic fruit products that reduce the usual hassles of washing and chopping fresh fruits are some of the primary factors driving the North American IQF Fruits Market. Other factors include a growing preference for nutritious foods, packaging technological advancements, and a longer shelf life.

Europe had the second-highest IQF fruit market share in 2023 and is expected to keep this position throughout the prediction period. The large spending capacities of customers and economic stability are some of the primary factors for the growth of the frozen food business in the European region.

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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