Dried Fruits Market Overview:
Dried fruits are made by removing the moisture content from fruits before drying them. The health advantages of these dried fruits have made them famous across the globe. There will be USD 15.5 Billion in dried fruit sales by 2030, growing at a CAGR of 5.70 percent.
The Dried Fruits Market is expected to increase as a result of the increasing usage of instant drinks and the expansion of industry sectors. Superfruit powder is a hot commodity, and it's expected to expand in popularity throughout the projected timeframe of 2020 to 2026 as a result of rising public interest in healthy foods and an increasing preference for organic food goods.
Business for dried fruits has already been influenced in several ways throughout this time. Due to the fast surge of instances of Covid-19 around the globe, the lifestyles of the individuals have been put on hold. Not only that, but it has harmed the marketing sector as well. Due to the global lockout and closure in many regions of the globe, dried fruit manufacturing has been hampered. Several other factors have influenced global market dynamics, such as a shortage of mobility.
Market Segmentation:
In terms of product type, the global Dried Fruits Market is bifurcated into figs, apricot, raisin, and date segments. In 2019, the dried fruit industry was forecast to be dominated by the raisins category, which is expected to rise at a significant CAGR of USD 3,422.98 million over the forecast timeframe.
The worldwide market has been divided into Conventional and Organic categories depending on the category section. According to the Market Forecast research, the organic dried fruit sector is chosen by customer’s above conventional dried fruit.
It is expected that the Dried Fruits Business would grow over the study period due to an increase in the applicability of sectors. Markets for Breakfast Cereals, Dairy and Frozen Desserts, Bakeries, Snacks, Confectioneries, Beverages, and Other Products are subdivided within Dried Fruits. Dried fruit sales are expected to expand as a result of the rising demand for quick drinks among consumers.
Regional Classification:
More people are turning to low-sugar, natural, and healthful foods as a way to satisfy their hunger. Europe led the dried fruit industry in 2019, with much more than a third of the worldwide income coming from the continent. German, Dutch, French, and British markets are crucial to the area.
According to our projection, global growth will be most substantial in the Asian region in terms of percentage. For baked goods, confectionery, and other delicious meals in the area, dried fruits are becoming more popular. Foods’s rich in nutrients will rise in popularity as the retail market expands and people's buying power increases in nations like India and China. The global dried fruit industry in these nations has been boosted by increased accessibility, the correct packaging, and a rising knowledge of the need for a healthy diet.
Competitive Landscape:
Currently, high growth has been witnessed in the Dried Fruits Market due to key market players' support. These important Key Dried Fruits Market Players are:
- 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).
Industry News:
Manuzzi is an Italian enterprise specializing in producing dried fruits and nuts. Hyle Capital Partners, an Italian venture capital company located in Milan, purchased a controlling share in Manuzzi in April 2021 for an unknown sum. This purchase will aid in the acceleration of Manuzzi's development and strengthen the company's position among the leading large retailers in Italy
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