The Global Dried Fruits Market Size was valued at USD 6,681 Million in 2021 and is predicted to be worth USD 10,321 Million by 2030, with a CAGR of 5.2% from 2022 to 2030.
Changing lifestyles, increasing health awareness about the benefits of dried fruit consumption, and expanding applications in the food and beverage industries have all contributed to the dried fruit market growth. Furthermore, rising demand for superfruit powder, customer willingness to purchase healthy options and rising consumer preference for clean label products are all important factors propelling the dried fruits market expansion during the projection period.
Dried fruit is the fruit that has had most of its natural water content extracted, either naturally, through solar drying, or through the use of specialized heaters or dehydrators. Dried fruits are high in micronutrients and have numerous medicinal properties. They are considered a delicacy, but their medicinal properties have made them a must-have. Dried fruits include more fiber and antioxidants known as aromatic oils per ounce than fresh fruit and vegetables. Fiber aids in the prevention of obesity, heart disease, and certain types of cancer. Furthermore, dried fruits outperform fresh fruits in terms of cost-effectiveness, accessibility, and transit and storage simplicity. It can also be used to replace less healthy snacks high in salt, sugar, and saturated fat.
Global Dried Fruits Market DRO’s
|Dried Fruits Market
|Market Size 2021
|USD 6,681 Million
|Market Forecast 2030
|USD 10,321 Million
|CAGR During 2022 - 2030
|2018 - 2030
|2022 - 2030
|By Product, By Application, By Distribution Channel, And By Geography
|North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
|Key Companies Profiled
|Angus Park Fruit Company Ptv Ltd, Manassen Foods Australia Ptv Ltd., National Raisin Company, Ocean Spray Cranberries, Inc., Sunsweet Growers, Inc., Bergin Fruit and Nut Company, Inc., Sun-Maid Growers of California, Olam International Limited, Graceland Fruit, Inc., and Murray River Organics.
|Market Trends, Drivers, Restraints, Competitive Analysis, Player Profiling, Regulation Analysis
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Dried Fruits Market Dynamics
Dried fruits are an essential element of many traditional meals and have a rising industry in restaurants and dining facilities worldwide. Increased health awareness and understanding of the benefits of dried fruit and vegetable eating have pushed the dried fruits market trend forward. Market demand has increased due to the increased use of these fruits in dairy meals, confectionery, and bread items. Dried fruits improved meal quality, boosted nutrient consumption, and reduced body obesity. Due to qualities such as minimal perishability and portability, dried fruits are a popular snack. Furthermore, dried fruit is becoming increasingly popular as an ingredient in smoothies, snacks, cereals, confections, and desserts. Furthermore, favorable demographic and socioeconomic variables such as expanding urbanization, disposable income, rising population, and rising standard of living are expected to boost the worldwide dried fruits market value.
Likewise, in recent years, the tremendous growth of on-the-go snacking has propelled market expansion. Due to qualities such as minimal perishability and portability, dried fruits are a preferred healthier option in daily meals. Dried fruit is becoming increasingly popular as an element in salads, sweet delights, snacks, cereals, and desserts. In recent years, raisins have gained favor in the chocolate industry, giving a rich flavor and nutrition to chocolates. On the other hand, the dried fruits market shares are expected to be impeded by the elevated cost of dried fruit and the presence of stringent government controls. Also, the dried fruit market is expected to face challenges in the next years due to a lack of established supply networks in developing countries.
Dried Fruits Market Segmentation
The global dried fruits market segmentation based on the product, application, distribution channel and geographical region.
Market by Product
Based on the product, the raisins segment is projected to expand significantly in the coming years. Raisins are abundant in soluble fiber, which boosts metabolism and relieves gastrointestinal issues. Raisins are dried grapes high in phytonutrients, minerals, antioxidants, polyphenols, vitamins, and other nutritional fibers. Furthermore, it significantly benefits in the relief of pain caused by inflammatory disorders such as rheumatoid arthritis and gout. This is due to the presence of antioxidants and polyphenols. In addition, raisins are becoming more popular in a variety of foods and beverages as a result of their health benefits, fueling segment expansion. Furthermore, an increase in raisins production in advanced and emerging economies has boosted segment growth.
Market by Application
Based on the application, the bakery products segment is expected to hold substantial market share over the projections years. This growth can be attributed to their widespread use in bakery products like desserts and confectionery. Due to their long shelf life and shorter expiration dates, confectionery products are in the growing market. Furthermore, the growing popularity of gluten-free, meat-free, and fiber-rich slices of bread, cakes, and muffins has increased the usage of dried fruits in the bakery business.
Market by Distribution Channel
In terms of distribution channels, the supermarket and hypermarket segments accounted for over half of the dried fruits market share in 2021. In recent years, the nuts and dried fruit market has grown significantly in supermarkets and hypermarkets. These retailers are wooing health-conscious customers by expanding their natural and organic product choices. Furthermore, the growing popularity of supermarkets in developing countries will boost product sales through this method of distribution.
Dried Fruits Market Regional Outlook
The Middle East & Africa (MEA)
Rising Health-Conscious Individuals in North America, Propels Regional Market Growth
North America is predicted to be one of the most prominent regional dried fruit markets over the coming years. Customers' evolving lifestyles, such as snacking between regular dinnertimes or snacking in instead of meals, as well as an increased preference for healthier alternatives, are expected to drive regional demand for the product. Moreover, trends in better-for-you products in the United States and Canada have increased dried fruit usage in a wide range of food industries throughout the area. As demand for meatless, gluten-free, and clean-label products rises, processed meals, dry fruit snacks, and dry fruit-based baked goods are becoming increasingly prevalent. Increased spending by processors on R&D efforts for novel commodities may boost industry growth.
Dried Fruits Market Players
Some of the prominent global dried fruits market companies are Angus Park Fruit Company Ptv Ltd, Manassen Foods Australia Ptv Ltd., National Raisin Company, Ocean Spray Cranberries, Inc., Sunsweet Growers, Inc., Bergin Fruit and Nut Company, Inc., Sun-Maid Growers of California, Olam International Limited, Graceland Fruit, Inc., and Murray River Organics.
The global dried fruits market size in 2021 was accounted to be USD 6,681 Million.
The projected CAGR of dried fruits during the analysis period of 2022 to 2030 is 5.2%.
The prominent players of the global dried fruits market involve Angus Park Fruit Company Ptv Ltd, Manassen Foods Australia Ptv Ltd., National Raisin Company, Ocean Spray Cranberries, Inc., Sunsweet Growers, Inc., Bergin Fruit and Nut Company, Inc., Sun-Maid Growers of California, Olam International Limited, Graceland Fruit, Inc., and Murray River Organics.
Europe held the dominating share for dried fruits during the analysis period of 2022 to 2030.
Asia-Pacific region exhibited fastest growing CAGR for dried fruits during the analysis period of 2022 to 2030.
Growing health-conscious consumers over the globe and increasing consumer preference for clean label products are the prominent factors that fuel the growth of global dried fruits market.
Based on product, raisins segment held the maximum share for dried fruits market in 2021.