Dried Fruits Attractive Option for People Looking to Follow Protein-rich Diets: Fact.MR Report
Worldwide revenue from the Sales Of Dried Fruits is projected to reach US$ 11.39 billion in 2024, as revealed in a newly published research report published by Fact.MR, a market research and competitive intelligence provider. The global dried fruit market has been forecasted to expand at a CAGR of 5.5% from 2024 to 2034.
Growing trend of consuming protein-rich food is stimulating demand for dried fruits among consumers. These products come with a higher content of unsaturated fats, fibers, vitamins, and proteins, which has driven their popularity in all parts of the world.
Rising cases of lifestyle-related disorders are stimulating demand for healthy snacks and bakery products, breakfast cereals, and snack bars containing dried fruits as a popular snacking option. Preference for dried fruits in vegan confectionary and bakery products and gluten-free eatables is owing to their rich nutritional profile. In addition, growing investment by manufacturers in extending the shelf life of their products is pushing demand for dried fruits in ready-to-eat and convenience food options.
North America and East Asia are key regional markets for dried fruit producers and will continue to grow steadily over the coming years. Over the past years, the use of dried fruits has been higher in food and beverage products. However, consumption has been rising faster in the foodservice sector, which will account for the bulk of market share over the next ten years.
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Dried Fruit Market News & Trends:
Leading companies in the dried fruit industry are making significant investments in the introduction of new products and growing their businesses by constructing new facilities. In order to improve their standing, businesses are now getting grants from investment corporations.
As an example:
One of the well-known dried fruit companies in India is called Bolas. The corporation declared in August 2023 that it will be expanding both domestically and internationally. To increase its visibility and establish itself as a household name, the company intends to open over 100 locations.
One of the well-known investment companies with its headquarters in Norway is Norfund. To help the business grow its revenue share, it announced in April 2022 that it would invest in Redsun Dried Fruit and Nuts, a distributor and processor of raisins.
Key Takeaway from Dried Fruit Market Study:
- Worldwide sales of dried fruits are projected to reach US$ 19.46 billion by the end of 2034. Sales of dried fruits in Japan are forecasted to rise at 6% CAGR from 2024 to 2034.
- Global demand for powdered dried fruits is forecasted to increase at a CAGR of 5.4% and reach a market value of US$ 10.28 billion by the end of 2034. North America is estimated to hold 24.3% of the global market by 2034-end.
- Use of dried fruits in the foodservice industry is projected to rise at 6% CAGR and reach a value of US$ 8.87 billion by 2034. The market in South Korea is projected to increase at a CAGR of 6.2% from 2024 to 2034.
“Companies should focus on offering dried fruits produced through consumer-friendly practices, such as sun-dried, minimally processed, and clean-label ingredients for use in baked goods, salads, and pickles,”says Fact.MR analyst.
High Demand for Clean-label and Organic Dried Fruits in United States
Demand for dried fruits in the United States is calculated to increase at a CAGR of 5.9% and reach a value of US$ 2.16 billion by the end of 2034. There is a growing demand for mixed dried fruits with minimal processing. They are used in several breakfast cereals for their clean-label and natural attributes. Dried fruits are perceived as a healthier alternative to conventional options. Moreover, the growing preference for dried fruits in ready-to-eat food options is because of their rich nutritional profile and convenience.
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Key Market Players:
Chaucer Foods Ltd., Berrifine A/S, Kiril Mischeff, Seawind International LLC, European Freeze Dry, Liogam, Woodland Foods, Messina Verpakkings, AGRANA Beteiligungs-AG, Archer Daniels Midland Company, Paradise Fruits, Dohler, Naturz Organics, Divine Foods, Ceres Organics, and Redsun Dried Fruit and Nuts are some of the leading manufacturers of dried fruits.
More Valuable Insightson Offer
Fact.MR, in its new offering, presents an unbiased analysis of the dried fruit market, presenting historical demand data (2019 to 2023) and forecast statistics for the period (2024 to 2034).
The study divulges essential insights into the market based on type (apples, mangoes, figs, strawberries, grapes, cranberries, blackcurrant, oranges, cherries, blueberries, pineapples, apricots, prunes), nature (organic, conventional), form (whole, powdered/pieces), end use (food & beverages, foodservice, retail/household), and distribution channel (business to business, business to consumer), across seven major regions of the world (North America, Latin America, Western Europe, Eastern Europe, East Asia, South Asia & Pacific, and MEA).
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