Dried Fruits Market Overview:
Dried Fruits Market Size was valued at USD 6.28 Billion in 2021. The Dried Fruits market industry is projected to grow from USD 7.21 Billion in 2022 to USD 15.5 Billion by 2030, exhibiting a compound annual growth rate (CAGR) of 5.70% during the forecast period (2022-2030). Dried fruits have loads of nutritional benefits with various nutrients and minerals content. Consumers have made it their daily consumed food in their diet chart. This inclination shift leads to the massive growth of the Dried Fruits Market.
According to the studies, the Dried Fruits Market Size will grow up to 15.5 billion by the end of the year 2030. The market will grow at a CAGR rate of 5.70% in the forecast period. Even the dried fruits and vegetable market will grow up to 92.65 billion in the year 2030. The market will grow at a CAGR rate of 9.20%. The market valuation was 54.62 billion USD in 2021. The market was further valued at around 59.55 billion USD in 2022. Furthermore, the market will expand more in the future. The dried fruits are the results of the elimination of water from the fruits.
During the COVID-19 pandemic, the dried fruit market was also got affected. The production system was hampered due to the lockdown period. Furthermore, the supply chain was paused for some time. Retailers were unable to deliver these products directly to the customers. But online marketing had good growth at that time also.
Regional Division:
The main regional division of this market is among three major regions. The Asia Pacific and North America, Europe. According to the reports, the rest of the world operated more than 33.82% market share in 2019. Furthermore, all regional markets are growing in the dried fruits market rapidly. Even the Middle East, Africa, and South America are also showing great interest in the dried fruits market.
Competitive Landscape:
Currently, high growth has been witnessed in the Dried Fruits Market due to key market players' support. These important key players of the markets 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).
Market Segmentation:
There are some important Dried Fruits Market Overview segmentations. These segments play a great role in the future of this market. Furthermore, the market segments also are the main reasons for the profit of this market. These segments also determine the future growth of the market. These segments are 1. The categories, 2. The type, 3. The application and lastly 4. The regions.
The type segment of the dried fruits market segmentation has subcategories like fig, apricot, raisin, berries, dates and even mangoes. The raisin is one of the highest demand in the market. The raisin market will grow up to 3422.98 million USD in the forecast period. Dried raisins are enriched with minerals, fibres, and other nutrients. The category segment is again divided into two subparts organic and conventional.
Industry Review:
The industry review report suggests that the dried fruits market will expand more over the world. The high proteins and nutrients along with many benefits became the major attraction for the population. Many food companies are also improving their supplies for better growth in the market during the forecast period.
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