Dried Fruits Market Research Report - Forecast till 2030

Dried Fruits Market Research Report Information By Type (Apricots, Figs, Dates, Raisins, Berries, and Others), By Application (Bakery and Confectionery, Dairy and Frozen Desserts, Breakfast Cereals, Beverages, Sweet and Savory Snacks, and Others), And By Region (North America, Europe, Asia-Pacific, And Rest Of The World) – Market Forecast Till 2030

ID: MRFR/F-B & N/3078-CR | 110 Pages | Author: Sakshi Gupta | February 2021         

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Global Dried Fruits Market Overview

Dried Fruits Market Size was valued at USD 6.28 Billion in 2021. The Dried Fruits market industry is projected to grow from USD 7.21 Billion in 2022 to USD 15.5 Billion by 2030, exhibiting a compound annual growth rate (CAGR) of 5.70% during the forecast period (2022-2030). Dried fruits have loads of nutritional benefits with various nutrients and minerals content. Consumers have made it their daily consumed food in their diet chart. This inclination shift leads to the massive growth of the Dried Fruits Market.
Dried Fruits Market Overview
Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review

Dried Fruits Market Trends

  • Growing Popularity of Nutritious Snacks to Drive Dry Fruits Market Growth

The rising health consciousness among consumers in both developed and developing markets across the world has increased the consumption of dried nuts and fruits. The product contains high levels of unsaturated fats, proteins, vitamins, and fibers. The emerging trend for protein-rich diets has significantly increased the demand for dehydrated fruits among young adults. The increased awareness regarding obesity and lifestyle-related disorders has boosted the popularity of healthy snacks among consumers. Dry fruit-containing snack bars, breakfast cereals, and bakery products are gaining popularity in the retail

The health benefits of dehydrated fruits boost their consumption as a snack and as a raw ingredient in gluten-free and vegan bakery and confectionery products. Development across the food packaging industry has enabled manufacturers and processors to sell dehydrated fruits in small, portable, and ready-to-eat packaging. The increasing investment by manufacturers to extend product shelf life contributes to market growth.

Additionally, The growing popularity of natural and minimally processed organic food products is considerably driving the industry’s growth in developed markets. The demand for small-sized mixed dried nuts and fruit packs, snack bars and breakfast bars infused with whole or minimally processed dried nuts and fruits, and breakfast cereals like muesli and granola that utilize organic dehydrated fruits as key ingredients are increasing among North American and European consumers. Organic and clean-label dried nuts and fruit are perceived to be safer as compared to conventional ones. Ready-to-eat dry fruit snacks are becoming popular as they are easy to carry and suffice daily nutrition needs.

Dried Fruits Market Segment Insights
Dried Fruits Type Insights

The Dried Fruits market segmentation, based on type, includes Apricots, Figs, Dates, Raisins, Berries, and Others. In 2021, the raisins segment was projected to account for the major Dried Fruits Market Share and is further predicted to grow USD 3,422.98 Million at a substantial CAGR during the forecast period.

Dried Fruits Application Insights

Based on Application, the Dried Fruits market segmentation includes Bakery and Confectionery, Dairy and Frozen Desserts, Breakfast Cereals, Beverages, Sweet and Savory Snacks, and Others. Dry fruits have countless applications in the bakery industry. The growing demand for healthy baked goods such as gluten-free, vegan, and fiber-rich cakes and muffins has increased dried fruit utilization across the bakery industry. This demand is only expected to increase as the application for dried grapes, dates, dried apricots, and dried figs is rising across the bakery industry. Dried grapes and dates are extensively utilized as a natural sweetener for cane sugar in baked goods. The demand for organic dehydrated fruits is increasing across developed markets of Europe including, the U.K., Germany, and France, due to the rising trend of organic and clean-label bakery products.

Snacks are the fastest-growing segment with the highest CAGR among other sectors. The strong growth is attributed to the rising popularity of healthy snacking to maintain overall health and wellness. Nutrient-rich snacks such as cereal bars and breakfast cereals with dehydrated fruits and dried nut and fruit mix packages are becoming popular among young adults. The emerging trend of clean-label and naturally sourced food products is expected to further drive market growth over the forecast period.

Figure 2: Dried Fruits Market, by Type, 2021 & 2030 (USD Billion)
Dried Fruits Market, by Type, 2021 & 2030
Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review

Dried Fruits Regional Insights

By region, the study provides market insights into North America, Europe, Asia-Pacific, and the Rest of the World. Europe is the leading region attributable to the rising awareness about the popularity of on-the-go nutrition and the positive health effects of functional foods. Rising awareness of healthy food consumption in the U.K., Germany, France, and Italy has increased their nuts and dried fruits consumption. Rising investments by key giants in developing innovative dehydrated fruit product portfolios further contribute to the market’s growth.

Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review

The rising demand for dried grapes, table dates, and dried apricots from developed Europe and North American markets for their further processing into value-added products such as healthy baked goods, confectionery, and snacks is further driving the market growth in the region. Moreover, the rising interest in dried nut and fruit snacks and bakery products among young adults in the Middle East and Africa contributes to the region's market growth.

Asia Pacific is the fastest-growing region for this market owing to the flexible income options available for the locals in the region. The growing ability of customers to afford healthy food and the growing awareness regarding the nutritional attributes of dehydrated fruits has increased their demand among millennials. The highest market growth occurs in countries including China, India, and Viet Nam, all of which are experiencing rapid economic development.

Dried Fruits Key Market Players & Competitive Insights

Major market players are spending a lot of money on R&D to increase their product lines, which will help the Dried Fruits market grow even more. Market participants are also taking a range of strategic initiatives to grow their worldwide footprint, with key market developments such as new product launches, contractual agreements, mergers and acquisitions, increased investments, and collaboration with other organizations. Competitors in the Dried Fruits industry must offer cost-effective items to expand and survive in an increasingly competitive and rising market environment.

The major market players are investing a lot of money in R&D to expand their product lines, which will spur further market growth for Dried Fruits. With significant market development like new product releases, contractual agreements, mergers and acquisitions, increased investments, and collaboration with other organizations, market participants are also undertaking various strategic activities to expand their presence. To grow and thrive in a market climate that is becoming more competitive and growing, competitors in the Dried Fruits industry must offer affordable products.

Manufacturing locally to cut operating costs is one of the main business tactics manufacturers use in the Dried Fruits industry to benefit customers and expand the market sector. The Dried Fruits market has recently given medicine some of the most important advantages. Major hair care product market players, including National Raisin Company (US), Kiantama Oy (Finland), Red River Foods Incorporated (US), Traina Foods (US), Sunbeam Foods Pty Ltd (Australia), and others, are attempting to increase market demand by funding R&D initiatives.

National Raisin Company has the most technologically advanced dried fruit factory in the world. That’s right, the world. And we don’t just invest in the technology; we invest in the integration and function of it. This means strategically adapting our process when needed and ensuring the skill level of our technicians always surpasses the equipment.

Also, Kiantama is a Finnish family-owned company founded in 1973, specializing in the processing of wild berries. We produce and develop high-quality berry products and raw materials for the food, health supplement, and cosmetics industries. All of our products are available also in organic quality. Our consumer brand is called Biokia. They are portfolio is comprehensive and includes the following product groups: Frozen IQF, Berry juice concentrates, NFC-juices, Syrups, and Purées as well as Dried berries, Sugar infused berries, and Berry powders.

Bolas Agro Private Limited, India's top dry fruit and nut company, will build 20 additional retail locations in Bengaluru in 2023, increasing its presence in Karnataka. At a ceremony in Jayanagar today, Jagannath V. Pai, Chairman of the Pai Group of Hotels, officially opened the stores.  The opening of the stores is consistent with Bola's goal to providing each customer with high-quality goods. The shops are made to provide customers with a tailored shopping experience and premium nuts at factory-direct costs. By doing this, it supports India's efforts to promote healthy nutrition.

Following the launch of its prebiotic- and probiotic-fortified goods, Turkey-based organic snack company Sunny Fruit is concentrating on expanding its functional dried fruit portfolio in 2023 with the goal of entering the China market.

Sunny Fruit, a brand of K.F.C. GIDA A., a large Turkish food manufacturing company, is well known for its organic dried fruits.

Natural Products Expo West, the world's largest trade show for natural, organic, and healthy products, will take place from March 7–11, 2023, in Anaheim, California. Dole Packaged Foods, LLC will present a new lineup of fruit-forward product innovations across its portfolio, including Snacks, Beverages, Ingredients, and Frozen Treats. To meet consumers' demands for more healthful options, Dole is expanding its portfolio of wholesome, delectable products, as well as branching out into new categories like Dry Snacks and launching a new brand, the Secret Nature of Fruit®, with products in the Supplement and Probiotic Sodas sectors.

In 2022, the food business will place a strong emphasis on waste minimization, high-quality food production, and extended shelf life. This may be affected by the UN's warning that there may not be enough food available to feed the growing world population, which is expected to reach 9.6 billion people by 2050. According to data from Foodbank, over 45% of the fruits and vegetables grown worldwide are wasted almost every year. The world economy suffers a $990 billion annual loss due to this food loss.

Key Companies in the Dried Fruits market include

  • Kiantama Oy (Finland),

  • National Raisin Company (US),

  • Traina Foods (US),

  • Red River Foods Incorporated (US),

  • Dole Food Company Inc (US),

  • Sunbeam Foods Pty Ltd (Australia),

  • Lion Raisins Inc (US),

  • Sun-Maid Growers of California (US),

  • Bergin Fruit and Nut Company Inc. (US),

  • Paradise Fruits (Germany)

Dried Fruits Industry Developments

In February 2022: The funding from USAID led the Export Promotion Agency of Uzbekistan and large Uzbekistani horticulture exporters to attend the annual World Ag Expo in Tulare, California. After the Expo ended, all three companies negotiated with U.S. importers. Last week, one of the companies made a deal to offer USD 1 million of dried fruits, including dried apricots and dried grapes, to a food importer in the U.S.

In April 2022: Norfund, a Norwegian Investment Fund for Developing Countries, announced its investment of USD 8 million in Redsun Dried Fruit and Nuts, a South Africa-based raisin processor and distributor. Redsun, a company of One Thousand and One Voices (1K1V), has expanded operations with new facilities. This will help the company achieve a share value of USD 33 billion in the healthy snacks market.

Dried Fruits Market Segmentation
Dried Fruits Type Outlook

  • Apricots

  • Figs

  • Dates

  • Raisins

  • Berries

  • Others

Dried Fruits Application Outlook

  • Bakery and Confectionery

  • Dairy and Frozen Desserts

  • Breakfast Cereals

  • Beverages

  • Sweet and Savory Snacks

  • Others

Dried Fruits Regional Outlook

  • North America

    • US

    • Canada

  • Europe

    • Germany

    • France

    • UK

    • Italy

    • Spain

    • Rest of Europe

  • Asia-Pacific

    • China

    • Japan

    • India

    • Australia

    • South Korea

    • Australia

    • Rest of Asia-Pacific

  • Rest of the World

    • Middle East

    • Africa

    • Latin America

Report Scope:

Report Attribute/Metric Details
Market Size 2021 USD 6.28 Billion
Market Size 2022 USD 7.21 Billion
Market Size 2030 USD 15.5 Billion
Compound Annual Growth Rate (CAGR) 5.70% (2022-2030)
Base Year 2021
Market Forecast Period 2022-2030
Historical Data 2018 & 2020
Market Forecast Units Value (USD Billion)
Report Coverage Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends
Segments Covered Type, Application, and Region
Geographies Covered North America, Europe, Asia Pacific, and the Rest of the World
Countries Covered The U.S, Canada, Germany, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil
Key Companies Profiled 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 Increasing Demand For Clean Label Products, Rising Demand For Organic And Natural Ingredients
Key Market Dynamics Growth Of Application Industries, Increasing Consumption Of Instant Beverages, Increasing Demand For Superfruit Powder

Frequently Asked Questions (FAQ) :

The Dried Fruits market size was valued at USD 6.28 Billion in 2021.

The market is projected to grow at a CAGR of 5.70% during the forecast period, 2022-2030.

Europe had the largest share in the Dried Fruits market.

The key players in the market are 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 Raisin category dominated the market in 2021.

The bakery base had the largest share of the market for Dried Fruits.

Key Questions Answered

  • Global Market Outlook
  • In-depth analysis of global and regional trends
  • Analyze and identify the major players in the market, their market share, key developments, etc.
  • To understand the capability of the major players based on products offered, financials, and strategies.
  • Identify disrupting products, companies, and trends.
  • To identify opportunities in the market.
  • Analyze the key challenges in the market.
  • Analyze the regional penetration of players, products, and services in the market.
  • Comparison of major players’ financial performance.
  • Evaluate strategies adopted by major players.
  • Recommendations
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