IQF Fruits Market Is expected to rise to $14.8B by 2026
"Blueberry is projected to be the fastest growing segment of IQF fruits over the forecast period, due to the rising demand for frozen blueberries from bakery and confectionery industries in various region across the globe. Out of the total IQF fruits, strawberry accounts for approximately 45% of the volume and blueberry another 9-11% share." the report stated.
In the Asia Pacific (excluding Japan) region, IQF Blueberries held the largest market share of 45.0% in 2015. Revenue contribution of the segment to the APEJ IQF market is expected to increase at a CAGR of 10.2% from 2016 to 2026. In the North American region, market share for the blueberry segment is anticipated to fall from 41.2% in 2015 to 33.1% in 2026. This is due to the introduction of new fruit flavours of the products that use frozen fruits. In terms of value, the blueberry segment in Western Europe IQF fruits market accounted for a 51.1% share in 2015. The demand for frozen fruits in these countries arises mainly from baked breads, cakes, smoothies, beverages and other flavoured dairy products, such as frozen yogurt, ice cream, etc.
IQF Blueberry is the most expensive among the four fruits in North America and APEJ, and strawberry prices are expected to overtake blueberry by 2026.
Global blueberry production grew by 9.7% from 2010 to 2014. The U.S. accounted for more than half of the market share of 54% in blueberry production in the year 2014. Mexico, despite holding a small share of only 3%, has shown a significant increase in production in past 5 years and is outpacing other producing countries by a CAGR (2010 till 2014) of 97.7%. Global blueberry export volume stood at 165,478 tonnes or ~18% of the total production in 2014. However, imports volume stood at 192,947 tonnes in 2014. Global blueberry import volume increased at a CAGR of 14.0% over 2010–2014, as compared to production volume CAGR of 9.7%.
source: http://www.mrrse.com/individual-quick-freeze-fruits-market
