ID: MRFR/F-B & N/4069-CR | July 2018 | Region: Global | 110 pages
Global consumption of dehydrated fruits & vegetables continues to grow on the back of changing lifestyle and consumer purchasing pattern. At the same time, increased efforts to develop solutions that allow extended food preservation without the use of unhealthy preservatives is also driving the popularity of dehydrated fruits and vegetables. By 2023, the global market size for dehydrated fruits & vegetables is expected to surpass UDS 38 Bn up from 22.34 Bn in 2016. This indicates towards a strong growth of the market during the review period (2017-2023). Dehydration of fruits & vegetables enhances their shelf life, which also makes a positive impact on profit margins for retailers as the spoilage rate reduces. Healthiness is major factor that also comes into play – dehydration usually preserves most of the nutrition and other properties of fruits and vegetables. Therefore, they are popular among health-conscious consumers.
This MRFR report focusses on the current market prospects for dehydrated fruits and vegetables on a global scale. It offers an in-depth analysis of the key aspects that are likely to influence the market trends in the forthcoming years. Major growth opportunities and threats are also discussed in the report. The scope of the research covers revenue assessment on the basis of fruits and vegetables. An analysis based on different forms (power, granules and others) of dehydrated fruits and vegetables is also available in the research document. It identifies new revenue pockets and makes an unbiased observation on their growth potentials. This report covers the dehydrated fruits & vegetables market across North America, Europe, Asia Pacific, Latin America and the Middle East & Africa (MEA), with the respective country-level market sizing.
Historical market trends, market dynamics, forecast, market value by region as well as by segmentation, country-level analysis for each market segment, key player’s market share analysis and market factor analysis which covers Porter's five forces analysis of the market.
DMH Ingredients (U.S.), FutureCeuticals, Inc. (U.S.), Kanegrade Limited (U.K), Saipro Biotech Private Limited (India), NutraDry (Australia), Paradise Fruits Solutions Gmbh & Co. (Germany), Activz LLC (U.S.), Baobab Foods, LLC (U.S.), Milne MicroDried (U.S), Herbafood Ingredients GmbH (Germany).
Market Research Future (MRFR) employs rigorous analytical methods combined with cutting-edge tools for delivering actionable insights. The projections are supported by statistically sound data sourced from an exclusive combination of primary and secondary research which includes in-person interviews with esteemed industry opinion holders, SEC filings, whitepaper references, paid database services, and, financial reports published by key players among others. Fail-safe scientific approaches are engaged for providing informative and critical market foresight, which enables our clients to identify opportunities and areas of concern. Emphasis is on delivering accurate and reliable statistical observations which assists the report users in devising impactful and intelligent growth strategies. Top-down and bottom-up approaches are employed to validate the accuracy of market size and revenue estimation. A multi-layer verification process ensures the forecast and analysis consistency, which reaffirms the quality of the market intelligence delivered through our reports.
For the scope of the research, MRFR’s report offers a comprehensive segmental analysis of the global market for dehydrated fruits & vegetable
Frequently Asked Questions (FAQ) :
Dehydrated Fruits & Vegetables Market valuation in 2016 was USD 22.34 billion.
Dehydrated Fruits & Vegetables Market valuation in 2023 would be USD 38 bn.
Dehydrated Fruits & Vegetables Market valuation would 7.95% during the forecast period.
The powder form would lead Dehydrated Fruits & Vegetables Market.
North America would enjoy the control of the Dehydrated Fruits & Vegetables Market.
The use of dehydration is a time honored way of preserving seasonal fruits and vegetables and has been around for ages. The freeze drying and sun drying methods are the most preferred processes among the manufacturers of dehydrated fruits & vegetables. The drying process renders ingredients and food safe from yeast, bacteria, mold and other forms of microbial contamination. The dehydrated fruits & vegetable market has observed significant improvement in terms of new product launches along with an increase in research & development activities. According to the MRFR analysis, the dehydrated fruits & vegetable market globally is projected to touch USD 38.06 billion in revenues through the forecast period from 2018 to 2023 while registering a CAGR of 7.95 percent approximately.
The dehydrated fruits & vegetable market is expected to be motivated by a combination of factors. Among these factors is the intensifying demand for seasonal fruits & vegetables which is positively influencing the growth of the market. On the other hand, the progressive growth of sports drinks and supplements also has been a significant factor in increasing the market size of dehydrated fruits & vegetables market. The demand for non-carbonated beverages such as instant beverages and nutraceuticals is also noted to be progressively contributing to the growth of the market because health conscious consumers are more inclined towards buying naturally flavored beverages made from fresh fruits and vegetables, because of their rich anti-oxidant qualities. Besides, as dehydrated fruits & vegetables are lighter, convenient and do not require refrigeration, their shelf life is much high as compared to the fresh fruits & vegetables which creates an enormous opportunity for the market for dehydrated fruits & vegetables. The demand for clean label food & beverage products in the market has been escalating in recent years; this trend is forecasted to drive the expansion of the market further in the forecast period. Escalating consumer awareness with regards to the trend of food traceability throughout the supply chain so as to identify and trace ingredient’s origin has stimulated the growth of the market substantially. Additionally, Superfruit powders are experiencing speedy growth as they are being used as ingredients in beverages, foods, and pharmaceutical products.
The companies in the market are also increasingly focused on redesigning existing designs with better features or developing innovative packaging designs, such as fittings that are easy to open and close, attention-grabbing shapes, strong protection barriers, and use of sustainable materials to increase the product durability. The innovative packaging is considerably helping in capturing consumer attention and increasing the sale of products further. The growing acceptance of instant beverages in quick service restaurants is anticipated to be among the major factors for the rising growth of instant beverages, thereby growing the market for dehydrated fruits and vegetables. The growing urban middle class population with higher levels of disposable incomes available to them is anticipated to power the sales of ready to eat food products which are considered to be one of the key factors for intensifying the growth of dehydrated fruits & vegetables in the emerging economies.
The dehydrated fruits and vegetables market globally is segmented on the basis of type, form, and region. On the basis of the type, the market is categorized into fruits & vegetables. The fruits segment is projected to be responsible for the substantial market share of 67.5 percent in the year of 2018, and the segment is likely to achieve USD 1,667.41 million in revenue with registering a CAGR of 5.83 percent for the duration of the forecast period from 2018 to 2023. Fruits are further segmented into bananas, cherries, apples, apricots, pineapple, and others. While the vegetable segment is further segmented into tomato, onions, mushrooms, garlic, and others. Moreover, the vegetable segment is anticipated to grow at an amplified development rate in the forecast period.
The form based segmentation of the dehydrated fruits & vegetable market consists of granules, powder, and others. The powder segment is expected to be accredited for the key market portion of 81.2 percent in 2018, and the development is projected to carry on through the forecast period of The Powder segment is estimated to accomplish USD 31,291.45 million in revenues by the end of 2023. The granules segment is anticipated to observe a modest growth rate of 7.89 percent through the forecast period.
For the purpose of regional wise analysis, the market for dehydrated fruits & vegetable market is segmented into Europe, Asia Pacific, North America, and Rest of the World. The North American region is forecasted to control a majority market portion through the forecast period from 2018 to 2023. Dehydrated fruits & vegetables find massive opportunity in the nutraceuticals products, and the intake of nutraceuticals product is also high in the North American region which in turn intensifies the sales of dehydrated fruits & vegetables. Also, the growing consumer inclination towards packaged food products is positively impacting the development of dehydrated fruits & vegetables market in the upcoming years. However, the Asia Pacific region is expected to develop at an increased growth rate of 8.68 percent during the forecast period.
Kanegrade Limited (U.K), Paradise Fruits Solutions Gmbh & Co. (Germany), Saipro Biotech Private Limited (India), NutraDry (Australia), Herbafood Ingredients GmbH (Germany), Activz LLC (U.S.), DMH Ingredients (U.S.), FutureCeuticals, Inc. (U.S.), Baobab Foods, LLC (U.S.) and Milne MicroDried (U.S) are the prominent competitors being studied in the report for their strategies and growth trajectories in the market.
Key players in the dehydrated fruits & vegetable market have a high focus on strategic product launch to draw attention towards their product range
Global dehydrated fruits & vegetable market is a progressing market with key market players intensely competing at the global level. The key industry players in the dehydrated fruits & vegetables market have adopted strategies such as geographic expansion, partnership, acquisition, new product development, and product promotion to strengthen their business portfolio. Most of the companies operating in this market are focusing on expanding their operations across the geographies, expanding their capabilities and investing in research and development to offer products with better functionality.
The key players involved in this strategy are DMH Ingredients (U.S.), FutureCeuticals, Inc. (U.S.), Kanegrade Limited (U.K), Saipro Biotech Private Limited (India), NutraDry (Australia), Paradise Fruits Solutions Gmbh & Co. (Germany), Activz LLC (U.S.), Baobab Foods, LLC (U.S.), Milne MicroDried (U.S), Herbafood Ingredients GmbH (Germany) are among others.
DMH Ingredients, Inc. provides food services. The Company wholesale distributes artificial sweeteners, coffee and tea, dehydrated vegetables, essential oils, flavors, food chemicals, freeze-dried fruits, fruit powders, gums, natural sweeteners, nuts and seeds, oleoresins, savory, and spices. DMH Ingredients operates throughout the United States. The company is strongly positioned and committed to driving growth in specific niches within dairy and other food segments. Also, high inclination towards technological advancements to cater to emerging consumer and food market trends, and deliver high impact and value to its customers is found to be one of the strategies. Furthermore, the increase in production capacity of dehydrated fruits is anticipated to uplift the company’s growth in terms of revenue.
FutureCeuticals, Inc. manufactures, develops vegetables and fruit-based powders for cosmetics, functional food, and dietary supplements. The company is a subsidiary company of R. J. Van Drunen & Sons, Inc. The company majorly focuses on the growth strategy. The company also focuses on identifying new paths to enhance performance and generate revenue through diversified sectors, geographies, products, and solutions. The company is deeply committed to scientific innovation and to continue as a leading investor in industrial R&D, driving sustained long-term growth through greater flexibility, external orientation, speed – and ultimately greater returns. Furthermore, the company is focused on creating brand awareness through various promotional activities.
Kanegrade Limited is a leading supplier of ingredients to major food, pharmaceutical, flavor, and beverage manufacturers. The company's line of business includes manufacturing prepared foods and miscellaneous food specialties. The company also believes in collaborating with various partners across the supply chain to offer advanced products to the consumers. Together with the value-contributing acquisitions the company has strengthened its businesses segments. The company also plans to expand its operations to the existing and new geographical markets to increase their revenue stream further.