Report ID: SQSG30C2016 | Region: Global | Published Date: August, 2022 | Pages: 157
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.
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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 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.
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.
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.
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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.
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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.
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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.
|Market size value in 2028||USD 8.76 billion|
|Forecast Unit (Value)||USD Billion|
|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)|
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Parent Market Analysis
KEY MARKET INSIGHTS
MARKET DYNAMICS & OUTLOOK
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For the Global 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 Global 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.
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