Press Release

Dried Fruits Market to Grow with a CAGR of 7.3% Globally through 2028

Expanding applications of dried fruits in the food and beverage industry and rising demand for convenient and healthy snacks are factors driving the global Dried Fruits market in the forecast period 2024-2028.

 

According to TechSci Research report, “Global Dried Fruits Market - Industry Size, Share, Trends, Competition Forecast & Opportunities, 2028”, the global Dried Fruits market stood at USD6.56 billion in 2022 and is anticipated to grow with a CAGR of 7.3% in the forecast period, 2024-2028. The global dried fruit market is a dynamic and growing sector of the food industry. Dried fruits are fruits from which the majority of the original water content has been removed, preserving their natural flavors, nutritional value, and extending shelf life. These products have gained widespread popularity due to their convenience, health benefits, and versatility in various culinary applications.

Key drivers of the global dried fruit market include the rising demand for healthier snack options, the adoption of dried fruits in various diets like vegan and paleo, and increasing consumer awareness of the nutritional value of dried fruits. The industry is also seeing innovations in processing, packaging, and flavor profiles, making dried fruits more appealing to a diverse consumer base.

However, the market faces challenges related to quality control, competition from alternative snacks, sustainability concerns, and the need to adapt to changing consumer preferences. Despite these challenges, the global dried fruit industry is poised for continued growth as consumers seek convenient, nutritious, and flavorful snacks in an increasingly health-conscious world.

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A major driver in the global dried fruits market is the growing focus on health and wellness. Consumers are increasingly seeking nutritious snack options that align with their dietary goals. Dried fruits, which are naturally packed with essential vitamins, minerals, fiber, and antioxidants, have positioned themselves as a healthy alternative to traditional snacks like chips and candy. As awareness of the health benefits of dried fruits spreads, their consumption continues to rise.

The fast-paced lifestyles of modern consumers have fueled the demand for convenient, on-the-go snacks. Dried fruits, with their long shelf life, portability, and no need for refrigeration, have become a preferred choice. They offer a quick and nutritious energy boost that fits seamlessly into busy routines.

Moreover, consumers are increasingly looking for unique and exciting taste experiences, and manufacturers are responding with a wide range of flavored and mixed dried fruit products. Exotic and ethnic flavors, culinary pairings, superfood mixes, and natural flavor enhancements are all part of this trend, enticing consumers with diverse and captivating taste options.

 

The global dried fruits market is segmented into type, application, sales channel, regional distribution, and company.

Based on type the market is divided into (apricots, figs, dates, raisins, berries, and others.

Based on application the market is divided into bakery & confectionary, dairy and frozen desserts, breakfast cereals, beverages, sweet and savory snacks, and others.

Based on sales channel the market is divided into departmental stores, online, supermarkets/hypermarkets, and others (direct sales, etc.)

The online segment has emerged as the fastest-growing distribution channel in the global dried fruit industry. This growth can be attributed to several key factors that have reshaped consumer purchasing behaviours and preferences.

Firstly, the convenience and accessibility of online shopping have played a significant role. Consumers increasingly turn to e-commerce platforms to purchase a wide variety of products, including dried fruits. The ability to browse, compare, and order dried fruits from the comfort of one's home or mobile device has fueled this rapid growth.

Secondly, the COVID-19 pandemic accelerated the shift towards online shopping as people sought contactless and convenient ways to obtain groceries and snacks. Dried fruits, being a healthy and shelf-stable option, found a natural fit in this trend.

Thirdly, direct-to-consumer (DTC) sales and e-commerce platforms have allowed dried fruit brands to establish closer connections with consumers, offering customization, subscription options, and an immersive shopping experience.

Based on region the market is segmented into five regions Asia Pacific, North America, Europe, Middle East & Africa, and South America.

 

Major companies operating in Global Dried Fruits Market are:

  • Dole Food Company Inc
  • Sunbeam Foods Pty Ltd
  • Traina Foods
  • Lion Raisins Inc
  • Bergin Fruit and Nut Company Inc.
  • Kiantama Oy
  • Red River Foods Incorporated
  • Sun-Maid Growers of California
  • Paradise Fruits
  • NationalRaisin Company

 

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“The global dried fruit market is witnessing significant growth driven by consumers' shifting preferences towards healthier snack options. Dried fruits offer a nutritious, convenient, and naturally sweet alternative to traditional snacks. Health and wellness trends have boosted their popularity as they are rich in essential nutrients, fiber, and antioxidants. Innovative flavors and blends, sustainability initiatives, and online retail channels further contribute to the industry's growth. Challenges include quality control, competition, and adapting to changing consumer preferences. Europe stands as a dominant region in the market, while innovations in processing and packaging technologies have enhanced product quality and appeal.,” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based management consulting firm.

Dried Fruits Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Type (Apricots, Figs, Dates, Raisins, Berries, and Others), By Application (Bakery & Confectionary, Dairy and Frozen Desserts, Breakfast Cereals, Beverages, Sweet and Savory Snacks, and Others), By Sales Channel (Departmental Stores, Online, Supermarkets/Hypermarkets, and Others (Direct Sales, etc.)), By Region, Competition”, has evaluated the future growth potential of global dried fruits market and provides statistics & information on market size, structure and future market growth. the report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in the global dried fruits market.

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