Dried Fruits Market Research Report—Forecast till 2026
Global Dried Fruits Market is estimated to exhibit a CAGR of 4.41% to surpass USD 9,081.70 Million by the forecast period. Dried fruits are made by removing the water content of the fruits. Dried fruit products are rich in calories, high concentration of nutrients such as fiber, vitamins, antioxidants, and calories and hence need to be consumed in a small portion. However, the process of drying the dried fruits may lose some volatile nutrients because of high heat. Whereas the applications of dried fruits in various sectors such as bakery and confectionery, dairy and frozen desserts, beverages, sweet and savory snacks, and breakfast cereals are expected to drive the global market growth during the study period.
Global Dried Fruits Market is expected to register a significant growth rate during the review period owing to the growth of application of dried fruits across various industries. Also, increasing consumption of instant beverages is anticipated to support the growth of the global dried fruits market during the forecast period. Furthermore, the willingness of consumers to buy healthy products and increasing consumer preference towards clean label products is expected to fuel the global market growth. However, the agro-climatic conditions are expected to restrain the growth of the global dried fruits market during the forecast period.
Global Dried Fruits Market has been segmented into Type, Category, and Application. Based on type category the global market has been categorized into Apricots, Figs, Dates, Raisins, Berries, and Others.
Based on Category, the Global Dried Fruits Market has been classified into Conventional and Organic. By Application type the market has been classified into Bakery and Confectionery, Dairy and Frozen Desserts, Breakfast Cereals, Beverages, Sweet and Savoury Snacks, and Others.
Geographically, the Global Dried Fruits Market has been classified into North America, Europe, Asia-Pacific, and the Rest of the world.
The Rest of the World is expected to dominate the market owing to the largest share of 33.82% of the global dried fruits market in 2019. The Middle East region is expected to attain the highest market growth followed by Africa and South America. The major factors expected to propel the market growth are increasing disposable income and the advent of the organized retail sector and e-commerce channels. Moreover, the adoption of dried fruits by many leading manufacturers across various food applications is further driving the growth of the global market. Additionally, the dominance of some of the major industries in the region, such as beverages, bakery and confectionery, and sweet and savory snacks, is expected to fuel the market growth during the review period.
The Key Players operating in the Global Dried Fruits Market include National Raisin Company (US), Kiantama Oy (Finland), Red River Foods Incorporated (US), Traina Foods (US), Sunbeam Foods Pty Ltd (Australia), Dole Food Company Inc (US), Sun-Maid Growers of California (US), Lion Raisins Inc (US), Paradise Fruits (Germany), and Bergin Fruit and Nut Company Inc. (US).
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