The global health and wellness trend will continue to influence the demand for IQF fruits, with global revenues closing at USD8bn in 2016.
“Rising awareness on the potential impact of artificial additives and ingredients is playing a key role in shaping up consumer behavior, with uptake of natural and organic products witnessing an upsurge. Demand for IQF fruits will especially be strong in bakery and confectionery sector, where IQF is gaining traction over other preservation methods, such as canning or drying. Nestlé will continue to be the largest buyer segment in the global IQF fruits market,” according to a new report by Persistence Market Research (PMR).
Demand for IQF fruits will also be positively influenced by increasing industrial demand for IQF fruits as a raw material. Rising adoption among dairy companies and pet food producers is also anticipated to drive the growth of the global IQF fruits market.
“The global IQF market revenues are expected to witness a CAGR of 6.5% during the forecast period 2016-2026. Global Individual Quick Freeze (IQF) fruits market value may increase from USD7.4bn in 2015 to USD14.8bn by 2026. Rising consumer awareness on health and wellness is expected to sustain the demand for IQF fruits during the forecast period. Advancement in IQF technology, combined with higher adoption in populous countries in Asia Pacific could offer new growth avenues to manufacturers”