Dried fruits Market: Introduction
Dried fruits are defined as fruits from which water content is removed naturally or artificially. Dried fruits find its ample application in processed foods for promoting good health and rich taste. Dried fruits are generally blended with other protein-rich foods to provide various processed food including baked goods, beverages, ready meals, confectionary and others. Dried fruits are consumed in various forms such as slices and granulates, powder and whole dried fruits. Due to its exotic taste, dried fruits also find remunerative applications in the soups and ready meals, along with other processed foods. Dried fruits are a highly nutritious substance, which enables its abundant industrial and domestic application during the forecast period.
Dried fruits: Market Outlook
The demand for fibrous foods such as dried fruits in China and Japan is expected to increase during the latter years of the forecast period. This is primarily attributed to the launch of new products with natural ingredients. In Asia Pacific, dried fruits are the most preferred flavorant.
Intensive Growth of the Raisins Segment
Among the fruit type segments of the dried fruits market, the raisins segment is expected to register the highest growth rate of around 5.6%, owing to increased utilization in the processed and baked foods by the food processors and consumers due to increased imports and exports seedless dried fruits such as natural and golden seedless fruits in the recent years. However, the tropical and exotic dried fruits segment had the highest market share.
Increasing Popularity of Dried Fruits as Snacks for the Health Concerned Generation
Healthy eating has come up as a driving factor in the food market across all sectors. The dried fruits market is driven by the 'let’s eat healthy' trend, as dried fruits are considered to be highly nutritious and healthy snacks. There has been an increase in the use of dried fruits as a regular snack to be had in between meals, especially from the working population.
Factors like changing lifestyles and unhealthy eating habits among consumers are leading to an increase in the demand for healthy snacks to cover their dietary requirements. Dried fruits are natural and rich in vitamins, fiber, and minerals, thus, are becoming a popular choice.
Rising Demand for Dried Fruits from Food Manufacturers such as Bakery and Confectionery
There is an increased demand for dried fruits from various bakery and confectionary industries, in order to enhance the flavor as well as seasoning of the products. The increasing demand for dried fruits from the dairy industry has also boosted the demand in the global market.
Consumer Preference for Convenience Packaging and Easy-to-Use Products
Dried fruits are easily available through wider market penetration with various retail formats. The ease of access across the world drives consumers towards having dried fruits. Dried fruits are small and easy to carry; the use of convenience packaging for dried fruits is also known to increase the demand among consumers. Dried fruits are low in moisture content, thus, have a longer lifespan as compared to fresh fruits. As such, they are preferred by consumer, especially while traveling for long durations.
Increasing Demand for Dried Fruits from Sports Players as an Energy Supplement
Dried fruits are full of nutrients and energy. Dried fruits are rich in minerals vitamins as well, and are added to tonics, snacks, and energy supplements. Dried fruits are high in calories and sugar content, and hence, are great energy boosters.
Dried fruits are gaining popularity among sports players, mountaineers, campers, etc., as energy-boosters to gain instant energy. Athletes are shifting to the use of dried fruits as an energy source instead of artificial sweeteners due to rising health concerns.
Consumer Shift Towards Organic Dried Fruit Products
The use of chemicals is one restraining factor for the dried fruits market. The increasing 'move to organic' trend is largely affecting various industries in the food and beverage sectors. Thus, organically producing dried fruits with the least use of chemicals while launching new dried fruit products and making consumers aware about the same with proper labelling and advertisements can boost the dried fruits market.
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