ID: MRFR/F-B & N/3078-CR | January 2021 | Region: Global | 110 pages
Global Dried Fruits Market is expected to register a CAGR of 4.70% to reach USD 9900.3 Million by 2026. Dried fruits are made by extracting the water content of the fruits. Dried fruits have a high concentration of nutrients such as fiber, vitamins, antioxidants, and calories. Dried fruit products are rich in calories and hence need to be consumed in a small portion. However, in the drying process, dried fruits may lose some volatile nutrients due to high heat.
Dried fruits find applications in various industries, including bakery and confectionery, dairy and frozen desserts, beverages, sweet and savory snacks, and breakfast cereals. With changing lifestyles, the consumption of convenience and processed foods is steadily increasing. The rising per capita disposable incomes, growing spending capacity, and hectic lifestyles drive the demand for processed and convenience foods and ready-to-eat products such as bread, rolls, cakes, biscuits, and breakfast cereals, doughnuts, and pastries. The growth of application industries is expected to drive the growth of the global dried fruits market during the forecast period. Furthermore, an increase in the consumption of instant beverages is expected to boost the sales of dried fruits among the consumers.
The COVID-19 outbreak has impacted the lives of people across the globe, with the number of cases rising rapidly every day. The impact of pandemic differs across industries. With the rapid rise in the number of cases, the global dried fruits market has been affected in many ways. The worldwide lockdown has certainly affected the production of dried fruits. The manufacturers face production issues to meet the increasing market demand as they have either shut down production to ease employee concerns or are running production under-staffed. This scenario has also affected the manufacturers financially, and they are strategizing their operations to survive the pandemic with minimal losses. Mandatory closures of supermarkets and hypermarkets has affected the sales of dried fruits across the globe.
Global Dried Fruits Market is expected to register a notable growth rate during the forecast period. Dried fruits find applications 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 growth of application industries is expected to drive the growth of the global dried fruits market. Increasing consumption of instant beverages is another factor supporting the growth of the global dried fruits market. Furthermore, the increasing demand for superfruit powder is anticipated to positively impact the global dried fruits market's growth during the forecast period 2020-2026. Rising consumer inclination towards clean label products and consumer willingness to buy healthy products is expected to offer numerous profitable growth opportunities to the market players during the upcoming years. Furthermore, the rising demand for natural and organic ingredients is expected to offer growth opportunities during the forecast period. Additionally, agro-climatic conditions are hindering the growth of the global dried fruits market.
Global Dried Fruits Market Revenue, By Type, 2018-2026 (USD Million)
Sources: MRFR Analysis
The raisins segment accounted for the major share in 2019 and is expected to expand at a substantial CAGR and reach USD 3,422.98 Million by the end of 2026. Raisins are produced in many regions of the world and maybe eaten raw or used in cooking, baking, and brewing. Dried raisins are packed with energy and are rich in fiber, vitamins, and minerals. Raisins are naturally sweet and high in sugar and calories. Dried raisins aid digestion, boost iron levels, and keeps bones strong. However, the berries segment is projected to exhibit the highest CAGR during the forecast period.
Global Dried fruits Market Share, By Region, 2019 (%)
Sources: MRFR Analysis
The Rest of the World accounted for the largest share of 33.82% of the global dried fruits market in 2019. The Middle East is followed by Africa and South America. Rising disposable income and the advent of the organized retail sector and e-commerce channels are some of the key factors behind the growth of the market. Additionally, the adoption of dried fruits by manufacturers across various food applications is further fueling the growth of the market. Furthermore, the dominance of some of the key industries in the region, such as beverages, bakery and confectionery, and sweet and savory snacks, is further anticipated to proliferate the market growth during the review period.
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.
Global Dried Fruits Market, By Type
Global Dried Fruits Market, By Category
Global Dried Fruits Market, By Application
Global Dried Fruits Market, By Region
Available Additional Customizations
|Market Size||USD 9,081.70 Million (2026)|
|Forecast Units||Value (USD Million)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||Type, Category, Application|
|Geographies Covered||North America, Europe, Asia-Pacific, and Rest of the World (RoW)|
|Key Vendors||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).|
|Key Market Opportunities||New product launches and R&D Amongst major key Players|
|Key Market Drivers||
Frequently Asked Questions (FAQ) :
Global Dried Fruit market is projected to grow at approximately 4.41% CAGR during the assessment period (2019-2026).
On the basis type, dried grape and on the basis of application, the bakery products segment holds majority shares in the global dried fruit market.
Spreading awareness towards the range of health benefits that the product offers, shift towards plant based food, the rising disposable income, and the changing consumption pattern among consumers, are major tailwinds pushing the growth of the global dried fruit market.
Asia Pacific holds the largest share in the global dried fruit market, followed by North America and Europe, respectively.
Sunbeam foods Pty ltd (Australia), Olam International (Singapore), Arimex Ltd (Lithuania), Ocean Spray Cranberries Inc. (U.S.), Sunsweet (U.S.), Sun-Maid (U.S.), and National Raisin Company (U.S.), are some of the top players operating in the global dried fruit market.