The IQF fruit market will have a value of 14.800 million dollars for 2026
In terms of value, the global IQF fruit market is expected to increase at a compound annual growth rate (TCAC) of 6,5% and to reach a value of 14.800 million dollars for 2026. Among all the products of the frozen food industry, IQF fruits (individual fast freezing) will be the fastest growing segment in the planned period (2016-2026), according to the MRRSE report.
“Blueberries are expected to be the fastest growing segment of IQF fruit in the forecast period, driven by increased demand for frozen blueberries for the bakery and pastry industry in various regions across the globe. Fruits represent approximately 45% of the volume, while blueberries account for a 9-11% share of total IQF fruits,” according to the report.
In the Asia-Pacific region (excluding Japan), in 2015 the IQF blueberries had a market share of 45%, the highest. The revenues of this segment in said region are expected to grow at a TCAC of 10,2% from 2016 to 2026. In the North American region, the market share of the blueberry segment is expected to fall from 41,2% of 2015 to 33,1% in 2026, due to the introduction of new fruit flavors in products that use frozen fruits. In terms of value, the blueberry segment in the IQF fruit market in Western Europe had a share of 51,1% in 2015. The demand for frozen fruits in these countries comes, above all, from bread, cakes, smoothies, beverages and flavored dairy products, such as frozen yogurt or ice cream, among others.
The IQF blueberry is the most expensive of the four fruits in North America and Asia-Pacific (excluding Japan), and strawberry prices are expected to surpass those of the blueberry in 2026.
The global production of cranberry increased an 9,7% between 2010 and 2014. The United States accounted for more than half of the market share of blueberry production, 54%, in 2014. Mexico, despite having a small share of only 3%, has presented a significant increase in production in the last five years and is surpassing other countries with a TCAC (from 2010 to 2014) of 97,7%. The global export volume of cranberry stood at 165.478 tons or around 18% of total production at 2014. However, the import volume was 192.947 tons in 2014. The global import volume of blueberries grew at a TCN of 14% between 2010 and 2014, compared to a TCAC of the production volume of 9,7%.
Source: Digitaljournal.com
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