Transparency Market Research has published a new report on the global dried fruits market. According to the research report, the dried fruits market is expected to grow at rate of 5.9% CAGR for the period of 2018 to 2026. In 2018, the valuation of the global market was recorded at US$7,255.
The competitive landscape of the global dried fruits market is a fragmented one because of the presence of numerous well known and established players. The companies in the market are constantly trying to bolster their product portfolio and scale up their brand position. More importantly, these companies are trying to expand their geographical territories as well.
The global dried fruits market is expected to grow in the near future owing to the increasing demand for vitamin and mineral rich foods across the world. Other factors like shifting consumer preference, and growing health consciousness is likely to propel the demand for dried fruits. Apart from this, the increased demand of dried fruit from the bakery, dairy and confectionery industries is another prominent factor boosting the global dried fruits markets.
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Some of the prominent brands in the global dried foods market include names such as Sunbeam Foods Pty Ltd., Red River Foods Incorporated, Sun-Maid Growers of California, Kiantama Oy, Traina Foods Inc., Bergin Fruit and Nut Company Inc., Dole Food Company Inc., and Lion Raisins Inc. among others.
Asia Pacific to Dominate Global Market
In terms of geographical segmentation, the global dried fruits market has five key regions in North America, Europe, Latin America, Middle East and Africa, and Asia Pacific. Of these, the global market is currently dominated by the Asia Pacific region. The region is also expected to continue its domination over the course of the given forecast period of 2018 to 2026.
The dominance of the regional segment is primarily due to the increasing consumption of dried fruits in the region. The overall contribution of Asia Pacific is projected to grow to nearly 41.3% in the coming few years. This growth of the market is because of the increasing use of dried fruits in production of baked goods, confectionaries, and other food products in the region.
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There are several factors that are responsible for driving the growth of the global dried fruits market. One of the primary driving factors is the growing demand for minerals and vitamins rich food products across the globe. Some of the other important growth factors are changing consumer preference and increasing health awareness among people. In addition to this, the growing demand for dried fruits from the confectionary, dairy, and bakery industries is also a compelling reason behind the growth of the global dried fruits markets.
Region
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East and Africa
Organic Dried Fruits to Emerge as Leading Market Segment
Depending upon the nature of the dried fruits market, the segment of organic dried fruits is expected to achieve higher growth in the coming few years. This growth of the segment is due to the fact there has been a growing demand for organic food products from the end users. Moreover, increasing health consciousness among the consumers is also helping the market segment to grow. The segment of organic dried fruits is expected exhibit a CAGR of 6.1% for the given forecast period.
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Dried Fruits Market: Segmentation
The subsequent sections analyze the global dried fruits market on the basis of fruit type, form, nature, end user, and region, and presents a forecast for the period 2018–2026. The market is segmented as follows:
Market Segmentation is as follows:
Fruit Type
- Tropical Exotic Fruits
- Berries
Form
- Slices and Granulates
- Powder
- Whole Dried Fruits
Nature
- Organic
- Conventional
End User
- Individual
- Food Service Providers
- Food Processing Industry
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Dried Fruits Market: Report Description
The report explores the global dried fruits market for the period 2018–2026. The primary objective of the global dried fruits report is to provide insights into key developments in the market that are consistently supporting to transform global businesses that are associated with the dried fruits.
It is very important to consider that, in an ever wavering economy, we provide the estimated (Y-o-Y) year-on-year growth rate in addition with the Compound Annual Growth Rate (CAGR) for the overall forecast, to understand the better analysis and evaluation of the global dried fruits market, and to discover the equitable opportunities.
Yet another key feature of this report is that, the estimation of the global dried fruits market and the corresponding revenue forecast is carried out in terms of absolute dollar opportunity. This is usually not prioritized while forecasting the overall market numbers. Absolute dollar opportunity analysis is very essential in evaluating the degree of opportunity that a provider can observe to execute, as well as to contrast the potential resources from a sales perspective in the global dried fruits market.
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