Mexico Dried Fruit Market Overview, 2028

Mexico Dried Fruit Market Overview, 2028

In Mexico dried fruit industry has shifted as consumer demand for healthy snacks with all-natural ingredients has grown. This demand has been driven by growing income and wealth, the need for convenient foods, and increasing health awareness among consumers. Rising urbanization, a growing healthy customer base, and rising purchasing power are driving up demand for dried fruits. The most prevalent dried fruits are dates, berries, raisins, apricots, figs, and other dried fruits. Apricots, also known as Armenian plums, are dried fruits that are commonly utilized in the prevention of disease and immunity enhancement. Dried apricots can also help with eye health and skeletal mineral density. A significant number of healthy customers is predicted to fuel the dried fruits market forward in the upcoming years.

According to the research report, “Mexico Dried Food Market Outlook, 2028” published by Bonafide Research, the market is projected to add 0.14 Billion from 2022 to 2028. Raisins or dehydrated grapes dominated the dried fruit market. Increased production of raisins across developed and emerging economies has positively influenced segment growth. In addition, raisins are a source of several nutritional elements, such as fiber, iron, calcium, boron, and phytonutrients, which have been attracting health-conscious consumers. As result, applications of raisins have grown significantly across various segments of the food and beverage industry due to their health benefits. Berries are expected to witness the fastest growth over the forecast period. Over the past few years, the consumption of dried berries has been increasing drastically in the market. Companies have been launching numerous products using raisins as an ingredient.

Mexico has good demand for dehydrated/dried slices of Mango. While India has the potential to supply these products, as per Mexican phytosanitary regulations, a pest risk analysis would need to be conducted on the fresh fruit of mango before such permission is granted.

The growing trend of on-the-go snacking is accelerating the growth of the market over the past few years. Characteristics such as less perishability and ease to carry have made dried fruits a popular healthy snack. In addition, dried fruit has gained significant popularity as an ingredient for salads, baked foods, oatmeal, snack, and desert. Over the past few years, raisins have gained significant popularity in the chocolate industry as they add a rich flavor and nutrition to chocolates.

Rising urbanization, a growing healthy customer base, and rising purchasing power are driving up demand for dried fruits. The most prevalent dried fruits are dates, berries, raisins, apricots, figs, and other dried fruits. Apricots, also known as Armenian plums, are dried fruits that are commonly utilized in the prevention of disease and immunity enhancement. Dried apricots can also help with eye health and skeletal mineral density. A significant number of healthy customers is predicted to fuel the dried fruits market forward in the upcoming years.

Supermarkets and hypermarkets held the largest share. Over the past few years, supermarkets and hypermarkets have witnessed significant growth in the nut and dehydrated fruit categories. The retail chains are appealing to health-conscious consumers by expanding their organic and natural product lines. Furthermore, increasing supermarket penetration in developing countries will boost product sales through this distribution channel. Some of the main supermarket chains in Mexico are Walmart, Chedraui, Mega, Soriana, Superama, and many more. Convenience stores hold a notable share of the market, especially in developing countries. Several countries have specialized retail stores for the product, for instance, shops on the street and public markets, and specialty stores. Online distribution is anticipated to expand at the fastest CAGR.

Covid-19 Impacts:

The outbreak of COVID-19 has increased the demand for dried foods as fresh fruits and vegetables were limited in stock in grocery stores and supermarkets due to obstructions in the supply chain and distribution channels due to lockdowns. However, this pandemic has led to the demand for freeze-dried vegetables and fruits, which are to be utilized in soups, snacks, bakery, dressings, and confectionery food commodities in Mexico. With rising consumer consciousness about health in the COVID-19 situation, consumers were aware of the harmful effects of artificial food additives utilized to preserve food, fueling the demand for healthy and natural food products.

Considered in this report
•Geography: Mexico
•Historic year: 2017
•Base year: 2022
•Estimated year: 2023
•Forecast year: 2028

Aspects covered in this report
•Mexico Dried Fruits market with its value and forecast along with its segments
•Various drivers and challenges
•On-going trends and developments
•Top profiled companies
•Strategic recommendation

By Type
•Dried Apricots
•Dried Dates
•Dried Grapes / Raisins
•Dried Figs
•Dried Berries
•Prunes
•Others

By Nature
•Organic Dried Fruits
•Conventional Dried Fruits

By Distribution Channel
•Hypermarkets/Supermarkets
•Specialty Stores
•Convenience Stores
•Online Retail
•Others

The approach of the report:
This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and list out the companies that are present in the market. The secondary research consists of third-party sources such as press releases, annual reports of companies, and analyzing government-generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducting trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers into regional aspects, tier aspects, age groups, and gender. Once we have primary data with us we started verifying the details obtained from secondary sources.

Intended audience:
This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to the dried fruit industry, government bodies, and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.