Dried Fruits Market Insights, Business Opportunities, Competitor Analysis, Forthcoming Developments & Future Investments 2027


Posted March 15, 2021 by mayurgunjal

Global Dried Fruits Market: Information By Type By Category (Conventional and Organic), By Application and Region (North America, Europe, Asia-Pacific and Rest of the World) - Forecast till 2026
 
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Global Dried Fruits Market: Information By Type By Category (Conventional and Organic), By Application and Region (North America, Europe, Asia-Pacific and Rest of the World) - Forecast till 2026

Market Overview
Global Dried Fruits Market is estimated to be valued at USD 9,081.70 Million by 2026, registering a CAGR of 4.41% during the forecast period. The increasing demand for superfruit powder is supporting the growth of the global dried fruits market. Growing health concerns and shifting lifestyle of the consumers are the significant factors responsible for the growth of functional beverages, both in developed and developing economies. Furthermore, dried fruits find application in various industries, including bakery and confectionery, dairy and frozen desserts, beverages, sweet and savory snacks, and breakfast cereals, with bakery and confectionery being the largest application industry.
The Rest of the World was the largest market for dried fruits in 2019, and the region is expected to continue the dominate the global dried fruits market during the review period. The Middle East was the largest country-level market with a share of 82.36% in 2019. However, South America is projected to witness a substantial growth rate during the study period. The dominance of dry fruit production and consumption has been the key factor behind the dominance of the region. Furthermore, the dominance of some of the key industries, such as beverages, bakery, confectionery, and sweet and savory snacks, is further anticipated to proliferate the market growth of the Rest of the World during the review period.

Key Players
The Prominent 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). The players focus on acquisitions, product launches, and expansions to strengthen their market position and capture a large customer base.

Market Segments
Global Dried Fruits Market has been segmented on the basis of Type, Category, Application, and Region.
By type, the market has been divided into apricots, figs, dates, raisins, berries, and others. The raisins segment accounted for the largest market share in 2019. Raisins are manufactured in many regions of the world and can eaten raw or used in cooking, baking, and brewing. Dried raisins aid digestion, boost iron levels, and keeps bones strong. However, the berries segment is projected to be the fastest-growing segment during the forecast period.

Based on the category, the market has been segmented into conventional and organic. The conventional segment accounted for a larger market share in 2019. However, the organic segment is projected to be the fastest-growing segment during the forecast period.
Based on application, the market has been segmented into bakery and confectionery, dairy and frozen desserts, breakfast cereals, beverages, sweet and savory snacks, and others. The bakery and confectionery segment accounted for the largest market share in 2019. Sweet and savory snacks play a significant role in the global dried fruits market. However, the breakfast cereals segment is projected to exhibit a higher growth rate during the review period.
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Regional Analysis
Geographically, the Global Dried Fruits Market has been segregated into North America, Europe, Asia-Pacific, and the Rest of the World. As per MRFR analysis, the Rest of the World accounted for the dominant share of the global market in 2019, with the Middle East being the major consumer of dried fruits. Moreover, it is expected to be the most lucrative regional market for dried fruit manufacturers during the review period. The market in Europe also accounted for a significant share in 2019. The Rest of Europe is a key contributor to the growth of the region's dried fruits market. The main factor attributing towards the growth of the market is a shift in consumer consumption patterns, including rising demand for healthier snacking options coupled with a decrease in consumption of artificial sweeteners. Additionally, the growth in the consumption of instant beverages such as coffee and tea in Europe is further adding to the growth of the dried fruits market. The Asia Pacific is projected to register a CAGR of 4.63% during the forecast period.

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Last Updated March 15, 2021