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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"Global Dried Fruits Market”
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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