The global dried fruits market is expected to grow in the near future owing to the increasing demand for vitamin and mineral rich foods across the world. Other factors like shifting consumer preference, and growing health consciousness is likely to propel the demand for dried fruits. Apart from this, the increased demand of dried fruit from the bakery, dairy and confectionery industries is another prominent factor boosting the global dried fruits markets.
As per a Transparency Market Research report, the global dried fruits market has been estimated to be valued around US$ 7,255.4 Mn in 2018, and the market is projected to increase at a healthy CAGR of 5.9% during the forecast period (2018-2026).
Rising Demand of Organic Dried to Boost Growth of Organic Dried Fruits Market
From the perspective of fruit type, the global dried fruits market is divided into raisins, tropical & exotic fruits and berries. Further, the raisins is classified into natural seedless, golden seedless, black currant, sultana, muscat, monukka. While tropical & exotic fruits is further segmented into dates, apricot dried Figs, banana, pineapple, mango, peaches and others. Berries is segmented into cranberry, blueberry, raspberry, acai berry. Among these fruit type, tropical and exotic fruits segment is expected to dominate the global dried fruits market owing to their increasing usage in flavors and additives industry.
On the basis of nature, the global dried fruits market is mainly segmented into organic and conventional. The growing health consciousness among the customer regarding is a major driver for the organic dried fruits market. Because of this, the organic dried fruits market is likely to have a high preference as compared to conventional dried fruits during the forecast. The organic dried fruits market is anticipated to witness an annual growth rate of 6.1% in the upcoming year. However, at present the organic dried fruits market has low market share owing to their high cost. The growing preference of organic fruit in the developed economies is a major driver expected to drive the organic dried fruit market in the near future.
Asia Pacific to Lead Regional Segment in Global Dried Fruit Market
Based on geography, the global dried fruits market is classified into five prime regions: North America, Asia Pacific, Europe, Latin America, and the Middle East and Africa. Among all the regions, Asia Pacific is expected to lead the global dried fruits market in the near future. This is due to the rising consumption in the region. The total contribution of Asia Pacific is expected to rise around 41.3% share in the near future. This is owing to the high consumption of dried fruits in confectionaries and baked goods in the region.
The global dried fruits market has profiled the most prominent companies. The increased market penetration of these companies in developing and developed economies makes the dried fruits market a highly competitive one. Some of them are Dole Food Company, Inc., Lion Raisins Inc., Bergin Fruit and Nut Company Inc., Kiantama Oy, Traina Foods, Inc., Sun-Maid Growers of California, Sunbeam Foods Pty Ltd., and Red River Foods Incorporated.
Dried Fruits Market: Introduction
The proposed market report of TMR on the global dried fruits market evaluates opportunities in the current market, and provides updates and insights corresponding to different segments involved in the global dried fruits market over the forecast period 2018–2026. The global dried fruits market report further exhibits the estimated data for 2018, and forecast data up to 2026 in terms of value (US$ Mn) and volume (MT). In terms of value, the dried fruits market is anticipated to increase at a CAGR of 5.9% during the forecast period. The present study exhibits the trends and market dynamics of dried fruits market in five major regions - North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. The report also includes the study of current issues with consumers and various future opportunities for the dried fruits market.
Dried Fruits Market: Report Description
The report explores the global dried fruits market for the period 2018–2026. The primary objective of the global dried fruits report is to provide insights into key developments in the market that are consistently supporting to transform global businesses that are associated with the dried fruits. It is very important to consider that, in an ever wavering economy, we provide the estimated (Y-o-Y) year-on-year growth rate in addition with the Compound Annual Growth Rate (CAGR) for the overall forecast, to understand the better analysis and evaluation of the global dried fruits market, and to discover the equitable opportunities.
Yet another key feature of this report is that, the estimation of the global dried fruits market and the corresponding revenue forecast is carried out in terms of absolute dollar opportunity. This is usually not prioritized while forecasting the overall market numbers. Absolute dollar opportunity analysis is very essential in evaluating the degree of opportunity that a provider can observe to execute, as well as to contrast the potential resources from a sales perspective in the global dried fruits market.
The global dried fruits market report starts with an elaborated executive summary, and the market definition of various segmentations that are included and their respective shares in the global dried fruits market. The report further incorporates the major macroeconomic factors which has an effect over the growth of dried fruits market. The market report also highlights the various market dynamics which includes the drivers, restraints, opportunities, and trends in the global dried fruits market. The report further underlines the study of present issues with industrial processing, and opportunities for dried fruits market. It also encompasses value chain analysis which provides a structural view of overall profitability from the manufacturer to the end user of the dried fruits market. In order to provide users with a clear view of the global dried fruits market, we have exhibited the competitive analysis of key market players and their strategic expansions. The competitive dashboard presents a detailed comparison of dried fruits manufacturers on valuable parameters such as key product offerings, total revenue, key developments, and key strategies. The study intensifies the global dried fruits market attractiveness analysis by fruit type, form, nature, end user, and region.
To evaluate the overall market size of dried fruits, the report on dried fruits market considers various fundamental aspects based on secondary research. Furthermore, it emphasizes quantitative evaluation such as market shares by fruit type, form, nature, end user, region-wise market shares and other qualitative data from primary respondents, which have been consolidated to arrive at clear and accurate market estimations. The forecast presented in the dried fruits market report arrives at the total revenue being generated, and expected revenue contribution in the future by the global dried fruits market.
The detailed profiles of companies that manufactures dried fruits are included in the global dried fruits report to analyze their developmental strategies, key product offerings, and recent developments, as they have a significant role in the global dried fruits market. Major market players covered in the dried fruits market report are Dole Food Company, Lion Raisin Inc., Ocean Spray Cranberries Inc., SunOpta Grains and Foods Inc., Bergin Fruit and Nut Company Inc., Lion Raisins Inc. and others
Dried Fruits Market: Segmentation
The subsequent sections analyze the global dried fruits market on the basis of fruit type, form, nature, end user, and region, and presents a forecast for the period 2018–2026. The market is segmented as follows:
Dried Fruits Market by Fruit Type
- Natural Seedless
- Golden Seedless
- Black Currant
- Tropical & Exotic Fruits
- Dried Figs
- Acai Berry
Dried Fruits Market by Form
- Slices & Granulates
- Whole Dried Fruits
Dried Fruits Market by Nature
Dried Fruits Market by End user
- Convenience Store
- Specialty Stores
- Traditional Grocery Stores
- Online Retailers
- Food Service Providers
- Food Processing Industry
- Baked goods
- Ready Meals
- Cereals & Snack Bars
Dried Fruits Market by Region
- North America
- Latin America
- Rest of L.A
- United Kingdom
- Rest of Europe
- Asia Pacific
- South Korea
- Australia & New Zealand
- Rest of APAC
- Middle East & Africa
- GCC Countries
- North Africa
- South Africa
- Rest of MEA