USD 6.28 billion
Dry Fruits Market Size, Share, Growth Analysis, By Type(Table Dates, Dried Grapes, Dried Figs, Dried Apricots), By Application(Bakery, Confectionery, Breakfast Cereals, Snacks), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG30I2090 |
Region:
Global |
Published Date: October, 2024
Pages:
157
|Tables:
68
|Figures:
75
Dry Fruits Market Insights
Dry Fruits Market size was valued at USD 9.10 billion in 2022 and is poised to grow from USD 9.66 billion in 2023 to USD 15.64 billion by 2031, growing at a CAGR of 6.2% in the forecast period (2024-2031).
The market for dried fruit is being driven by changing customer preferences for healthy and nourishing foods as a result of an increase in obesity and an ageing population. The demand for dried fruit has grown over time due to a rise in the popularity of nutrient-dense packaged foods as well as the widespread use of dried fruit in the dairy, bakery, snack, and confectionery sectors. Past researches addressing the product's significance in weight management and disease prevention have influenced dried fruit demand. Various varieties of dehydrated fruits and vegetables have been shown in scientific research to reduce the chance of various malignancies progressing. According to a study titled Dried Fruit Intake and Cancer, eating dried fruit may lower your risk of getting some cancers, such as those of the prostate, pancreatic, stomach, colon, and bladder. Customers have as a result started integrating dried fruit in their diets.
Over the past few years, a growing trend of on-the-go snacking has accelerated market expansion. Dried fruits are a well-liked healthy snack due to traits like low perishability and portability. Additionally, dried fruit has become a very popular addition to salads, baked goods, oatmeal, snacks, and desserts. As they give a rich flavour and nutrition to chocolates, raisins have been increasingly popular over the past several years in the chocolate industry.
US Dry Fruits Market is poised to grow at a sustainable CAGR for the next forecast year.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
Confectionery
Fastest Growth
Confectionery
Growth Rate
4.1% CAGR
Global Dry Fruits Market 2021-2028 ($ Bn)
Country Share for Europe Region- 2021 (%)
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Dry Fruits Market Segmental Analysis
The Global Dry Fruits Market is segmented based on the Type, Application and region. Based on the Type, the market is segmented as table dates, dried grapes, dried figs, dried apricots, prunes, and dried cranberries. Based on the Application, the Dry Fruits Market is segmented as bakery, confectionery, breakfast cereals, snacks, and others. Based on Region it is categorized into North America, Europe, Asia-Pacific, Latin America, and MEA.
Dry Fruits Market Analysis by Type
Due to their widespread use in numerous healthful snacks, dried grapes are among the most popular dried nuts and fruits in the world, with the biggest market share. Due to their growing use in a variety of bread goods and sweets, dried grapes are also a fantastic value in the global foodservice business. Demand for dehydrated fruits that are easily packaged has expanded across retail channels as the popularity of dry fruit-based snacks as a healthy snacking choice. The need for creative bakery and confectionery goods manufactured using table dates as an alternative ingredient for sugar replacement is what is primarily fueling the expansion of table dates. Due to their growing use in morning cereals, bakery goods, and packaged dried nut and fruit snacks, dried figs are experiencing significant expansion.
Raisin production has increased in both established and developing nations, which has helped the market flourish. Additionally, raisins have a number of nutritious components like fibre, iron, calcium, boron, and phytonutrients, which have been luring consumers who are concerned about their health. Because of their health advantages, uses for raisins have increased dramatically across several sectors of the food and beverage business. Numerous items have been introduced by businesses that contain raisins.
Dry Fruits Market Analysis by Application
There are various uses for dry fruits in the bread sector. The use of dried fruits in the baking sector has expanded due to the rising demand for healthy baked goods including gluten-free, vegan, and fiber-rich cakes and muffins. This need is only anticipated to grow as more and more dried fruits are being used in baking, including dried figs, dates, dried apricots, and dried grapes. Dates and dried grapes are frequently used in place of cane sugar as a natural sweetener in baked dishes. Due to the growing popularity of organic and clean label baked goods, demand for organic dehydrated fruits is expanding in developed countries of Europe, particularly the U.K., Germany, and France.
Among all the sectors, snacks have the greatest CAGR and are the fastest-growing segment. The rapid expansion is ascribed to people eating more frequently on healthful foods to preserve their general health and wellbeing. Young adults are increasingly consuming nutrient-dense snacks including cereal bars, breakfast cereals with dehydrated fruits, and dried nut and fruit mix packages. Over the course of the forecast period, the market expansion is anticipated to be further fueled by the increasing trend of clean-label and naturally derived food goods.
Global Dry Fruits Market by Application, 2021 (%)
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Dry Fruits Market Regional Insights
Major nations that control the highest value share of the European dried fruit market include the United Kingdom, Germany, and France. Germany, France, and the United Kingdom each own a market value share of 20.2%, 17.2%, and 13.4%, respectively.Urban kitchens cannot function without convenience foods, which are also excellent time savers for customers with busy schedules. An increase in the working population has revealed a preference for packaged and prepared foods. As a result, people favour dried fruits since they satisfy their needs.
Malaysia is predicted to record a substantial value in the South Asian market throughout the projection period and is currently demonstrating high potential growth. Due to consumer adoption of food products with powerful health advantages to prevent heart disease and encourage weight loss, there is a significant demand for dehydrated fruits.
Global Dry Fruit Market By Geography, 2021 - 2028
- Largest
- Fastest
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Dry Fruits Market Dynamics
Dry Fruits Market Driver
- Consumers' increased knowledge of the drawbacks of artificial colours and tastes has encouraged them to adopt healthier eating practises. Clean labels or labels that are user-friendly cut through the clutter of excess information and provide useful details, giving customers a sense of control over their health. Because customers want food without artificial additives or preservatives, clean label products are in high demand. Manufacturers of dehydrated fruit are maximising their use of components to create goods that are easy to label. The demand for preserved fruits with less processing is rising as more consumers scrutinise the ingredients on the back of packages than ever before and are drawn to clean-label products, which were previously unusual.
- By providing a tailored taste and experience, being easy to utilise, and taking up less time, dried fruits help bakers to meet changing consumer preferences and demand. The expanding foodservice sector is looking for convenient food items so that it can serve clients more quickly. By minimising the amount of components and labor-intensive steps required in final products like cakes, pastries, donuts, dairy products, snacks, and cereals, ready-to-use dried fruits simplify the production process. Fruits that have been dried aid in producing final goods of the highest calibre while reducing production time.
Dry Fruits Market Restraint
- Fruits are perishable, hence dried fruits are a very dominant food import. Prices go up as a result of the import levies, freight costs, customs fees, and logistics costs that are attracted. Another element that raises the price of the finished product is the density of dried fruits. Fruits are dried using a costly technique called freeze-drying, which raises the ultimate cost of the item. Sales are therefore anticipated to be somewhat hampered by the availability of less expensive options and the greater price of dried fruits.
- Consumer awareness of food content has grown significantly during the past few decades. As consumers' awareness of their health has increased, they are rejecting processed foods. A growing proportion of consumers are unwilling to consume packaged foods and instead favour foods that are fresh and readily available in the natural world. Therefore, people are gravitating toward freshly accessible fruits rather than dried fruits due to their awareness of the vitamins and nutritious value of fresh food.
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Dry Fruits Market Competitive Landscape
Leading dry fruit manufacturer Graceland Fruit, Inc. is actively focusing on investing in the growth of processing activities to boost its market position. Due to the presence of numerous multinational corporations operating globally, the global market is highly fragmented. To saturate the market, the leading players, including Olam International, Manassen Foods Australia Pty Ltd., and The Bergin Fruit and Nut Company, are concentrating on the creation of new products as well as mergers and acquisitions. The entry of new competitors into the dried fruit and nut sector has a significant positive impact on the market's development.
Dry Fruits Market Top Company Profiles
- Olam International Limited
- Sunbeam Foods Pty Ltd.
- Dole Food Company Inc.
- National Raisin Company
- Arimex Ltd.
- Kiantama Oy
- Traina Foods Inc.
- Lion Raisins Inc.
- Graceland Fruit Inc.
- Sun-Maid Growers of California
- Jab Dried Fruit Products (Pty) Ltd.
- Bergin Fruit Company Inc.
- Paradise, Inc.
- Royal Nut Company
- Red River Foods Inc.
- The Waterford Group LLC
- Terri Lynn Inc.
- Kanegrade Ltd.
- Nutty Naturals
- C. Pacific Foods Co. Ltd.
Dry Fruits Market Recent Developments
- In February 2022, Ocean spray partners with CANOMIKS to raise cranberry product innovation, taking advantage of the superfruit’s proven heart health and blood pressure benefits.
- In April 2021, For an undisclosed sum, the private equity company Hyle Capital Partners from Italy purchased the majority of Manuzzi. Manuzzi's position inside the major Italian retail chains is strengthened and growth is accelerated thanks to this acquisition. Manuzzi is an Italian business that makes nuts and dried fruit.
Dry Fruits Key Market Trends
- To maintain health and lower the risk of certain lifestyle-related disorders, consumers' demands for functional meals have increased as a result of growing health concerns. In order to balance their dietary consumption, people still look for healthier options in the grocery aisles. In retail channels, foods filled with nutrient-dense components like fibre, micronutrients, protein, and essential fatty acids are growing more popular. Due to increased health consciousness and fitness, consumers are increasingly more interested in buying clean-label and organic items. The demand for a variety of dehydrated fruits across the worldwide convenience food and snacking business is anticipated to rise due to the growing popularity of such nutritious meals to promote health. It is projected that demand will rise even higher as ready-to-eat nutritious foods become more and more popular among millennials and working adults.
Dry Fruits Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected utilizing Primary Exploratory Research backed by the robust Secondary Desk research.
According to our Global Dry Fruits Market Analysis, In the upcoming years, the market for dried fruits is anticipated to expand due to the rising number of health-conscious consumers. The majority of customers now intend for foods and beverages to meet more complex health, wellness, and sustainability standards, making healthy eating the norm. Dry fruits are thought to be a healthy substitute for high-calorie snacks since they are a good source of protein, vitamins, minerals, and dietary fibre.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 9.10 billion |
| Market size value in 2031 | USD 15.64 billion |
| Growth Rate | 6.2% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
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| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Dry Fruits Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Dry Fruits Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Dry Fruits Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Dry Fruits Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Dry Fruits Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Dry Fruits Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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