What is the global market size of Dry Fruits Market?

Dry Fruits Market size was valued at USD 6.28 billion in 2021 and is poised to grow from USD 6.54 billion in 2022 to USD 9.39 billion by 2030, growing at a CAGR of 4.1% in the forecast period (2023-2030).

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 News

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 Market Report Snapshots

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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).

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. '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.'

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.

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.

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.

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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

Dry Fruits Market News

Dry Fruits Market Report Snapshots

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