Dried Fruits

Dried Fruits

Global Dried Fruits Market to Reach US$17.7 Billion by 2030

The global market for Dried Fruits estimated at US$11.8 Billion in the year 2023, is expected to reach US$17.7 Billion by 2030, growing at a CAGR of 5.9% over the analysis period 2023-2030. Whole Dried Fruits, one of the segments analyzed in the report, is expected to record a 6.4% CAGR and reach US$9.9 Billion by the end of the analysis period. Growth in the Slices & Granulates segment is estimated at 5.8% CAGR over the analysis period.

The U.S. Market is Estimated at US$3.1 Billion While China is Forecast to Grow at 9.5% CAGR

The Dried Fruits market in the U.S. is estimated at US$3.1 Billion in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$4.3 Billion by the year 2030 trailing a CAGR of 9.5% over the analysis period 2023-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 3.1% and 4.5% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 4.0% CAGR.

Dried Fruits - Key Trends and Drivers

Dried fruits have long been a staple in various cuisines worldwide, prized for their extended shelf life, concentrated flavors, and nutritional benefits. Common varieties include raisins, apricots, figs, dates, and prunes, all of which are produced through processes such as sun drying, air drying, and the use of dehydrators. These processes remove most of the water content from the fruits, intensifying their natural sweetness and preserving their vitamins, minerals, and fiber. Dried fruits are rich in antioxidants, particularly polyphenols, which contribute to their health benefits, including improved digestion, enhanced energy levels, and reduced risk of chronic diseases. They are a convenient and versatile ingredient, often used in baking, cooking, and snacking, making them a popular choice among health-conscious consumers and culinary enthusiasts alike.

One of the significant trends in the dried fruits market is the increasing consumer preference for natural and minimally processed foods. As awareness of the health risks associated with added sugars and artificial preservatives grows, consumers are gravitating towards dried fruits that do not contain these additives. This trend is driving demand for organic dried fruits, which are perceived as healthier and more environmentally friendly. Additionally, the rise of plant-based diets and the growing popularity of veganism are boosting the consumption of dried fruits as a natural source of nutrients and a meat-free energy snack. Innovations in packaging, such as resealable pouches and single-serving packs, are also enhancing the appeal of dried fruits by improving convenience and portability. Moreover, the expansion of e-commerce platforms is making it easier for consumers to access a wide variety of dried fruits from different parts of the world, further stimulating market growth.

The growth in the dried fruits market is driven by several factors, including increasing health consciousness, technological advancements in food processing, and shifting consumer preferences. The rising awareness of the health benefits of dried fruits, such as their high fiber content and natural sugars, is encouraging more consumers to incorporate them into their diets. Technological advancements in drying techniques are improving the quality and shelf life of dried fruits, making them more appealing to consumers and reducing food waste. Additionally, the trend towards convenience foods is boosting demand for dried fruits, which offer a healthy and portable snack option for busy lifestyles. The growing popularity of functional foods, which provide health benefits beyond basic nutrition, is also contributing to the market expansion of dried fruits, which are often marketed for their antioxidant properties and potential to support weight management and cardiovascular health. Furthermore, the increasing prevalence of food allergies and dietary restrictions is prompting consumers to seek out dried fruits as a safe and nutritious alternative to other snacks. These factors collectively underscore the dynamic growth and evolving consumer preferences shaping the dried fruits market.

Select Competitors (Total 99 Featured) -

• Arimex Ltd.
• Mariani Packing Co., Inc.
• National Raisin Company
• Olam International Limited
• Paradise Inc.
• Peyman Kuruyemis Sanayi ve Ticaret AS
• Sunbeam Foods Pty Ltd.
• Sun-Maid Growers of California
• Sunsweet Growers, Inc.

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