Dried Fruits Key Market Players by Product and Consumption, and Forecast 2030
Dried Fruits Market-Overview
By 2030, the dried fruit market is projected to grow at a
CAGR of 5.70% and reach USD 15.5 billion.
The demand for dried fruit has grown over time due to the
rising popularity of nutrient-dense packaged foods and the widespread use of
dried fruit in the dairy, patisserie, snack, and confectionery sectors. The dried
fruit market is being driven by changing customer preferences for healthy
and nourishing foods due to an increase in obesity and an aging population.
Consumers' increased knowledge of the drawbacks of artificial colours and
tastes has encouraged them to adopt healthier eating practices. Clean labels or
user-friendly labels cut through the clutter of excess information and provide
useful details, giving customers a sense of control over their health. Because
customers want food without added chemicals or preservatives, clean-label
products are in high demand.
Due to ongoing changes in consumption habits, such as the
growing appeal of wholesome and nutritious snacks, the snacking business is
expanding globally. The demand for dried nuts and fruits throughout the
convenience food market is predicted to increase due to the growing trend among
consumers to choose quick and luxuriant snacking choices that meet their daily
nutritional demands. In addition, it is anticipated that rising investments in
research & development of novel snacks containing a variety of dehydrated
fruits will spur market expansion in the years to come.
Competitive Analysis
Governments have moved quickly to the economic crisis to
avoid the collapse of banks and financial institutions and lessen the impact of
the banking crisis on the economy. These actions aim to speed up economic
recovery and maintain economic stability. Throughout the projection period, the
market expansion is anticipated to be encouraged by improved public policy. The
need to evaluate and seize business possibilities is projected to produce
attractive options soon. The repercussions of the ongoing epidemic on the world
economy have made business continuity increasingly necessary. It is anticipated
that the market will be impacted shortly by restructuring its main businesses.
In the projected term, it is anticipated that the spike in innovative items in
the global supply chain will create new opportunities. Market output
stabilization is thought to take a variety of forms. It is anticipated that the
reorganization and enhancement of global supply networks and trade agreements
will optimize the market in its entirety for the upcoming stage of development.
The dried
fruits key market players are Red River Foods Incorporated (US), Traina
Foods (US), Paradise Fruits (Germany), Sunbeam Foods Pty Ltd (Australia), Dole
Food Company Inc (US), National Raisin Company (US), Kiantama Oy (Finland),
Sun-Maid Growers of California (US), Lion Raisins Inc (US), and Bergin Fruit
and Nut Company Inc. (US).
Segmental Analysis
The dried fruits market is segmented by type: figs,
apricots, berries, raisins, and dates. By application, the market is segmented
into bakery and confectionery, beverages, dairy and frozen desserts, sweet and
savory snacks, and breakfast cereals. By category, the market is segmented into
organic and conventional.
Detailed Regional Analysis
Due to growing knowledge of the benefits of functional foods
for health and the appeal of on-the-go nutrition, Europe is the top region.
Iran, Afghanistan, and Turkey have the highest exports and production of
dehydrated fruits, so the Middle East and Africa area holds the largest market
share. The demand for dried grapes, table dates, and dried apricots is rising
from developed markets in Europe and North America for further processing into
value-added commodities, including nutritious baked goods, confectionary, and
snacks. Additionally, the growing popularity of bakery goods and dried fruit
and nut snacks among young adults in the Middle East and Africa supports the
regional market expansion. Due to the locals' access to flexible income
possibilities, Asia-Pacific is the region with the highest growth in this
sector. Dehydrated fruits are more in demand among millennials due to rising
consumer awareness of their nutritional benefits and rising consumer ability to
purchase nutritious food.
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