Dried Fruit & Vegetable Snack Production in the US - Industry Market Research Report

Dried Fruit & Vegetable Snack Production in the US - Industry Market Research Report

Dried Fruit & Vegetable Snack Production in the US

Dried fruit and vegetable snack producers benefited from consistent consumer demand and a growing emphasis to stay healthy, with customers incorporating dried fruits and vegetables to be consumed as snacks or as ingredients in other food products such as granola bars, baked goods and salads. Over the past five years, producers also benefited from improving economic conditions, prior to COVID-19. Operators have grown steadily as consumers have increasingly sought out healthier alternatives to traditional salty snacks. While operators' goods are more expensive than traditional snacks, as discretionary income grew, renewed consumer spending helped boost sales for fruit bars, vegetable chips and other mixed snack foods that include dried fruit and vegetables. These trends caused revenue to grow at a CAGR of 2.0% to an estimated $5.2 billion through the end of 2023, including an anticipated 5.3% spike in 2023 alone due to continuing consumer trends.

Dried fruit and vegetable manufacturers dehydrate and package purchased produce. These products are typically eaten by consumers as snacks or used as ingredients in salads and other meals.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares."