AGRANA Beteiligungs-AG, Archer Daniels Midland Company, Sun-Maid Growers of California, Bergin Fruit and Nut Company, Berrifine A/S, and Sunsweet Growers Inc., among others, are the major players in the global dried fruits market.
The global dried fruits market attained a value of about USD 9,972 million in 2020. The market is further expected to grow in the forecast period of 2021-2026 at a CAGR of 4.9% to reach approximately USD 13,057 million by 2026. As per the analysis by Expert Market Research, the market is expected to be driven by the growing demand for organically produced dried fruits.
The market is being aided by the hectic lifestyles of people, along with the rising demand for healthy snacking. Dried fruits provide various health benefits and need no preparation, which is boosting the market growth of dried fruits. Further, due to increasing chronic diseases, like high blood pressure and diabetes, the demand has risen for low sugar snacks. As raisin, a dried fruit, has higher insulin index and replete with fibres, potassium, and other healthy compounds, it is a preferred choice of snack, consequently contributing to the market growth.
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Major players in the dried fruit market like Archer Daniels Midland Company (NYSE: ADM) and AGRANA Beteiligungs- AG (VIE: AGR) are building and expanding their infrastructure to meet fast-growing demand from the food industry. In August 2020, Archer Daniels Midland Company announced that it had completed its previously announced secondary block trade of nearly $550 million in Wilmar ordinary shares to acquire at least a 20% strategic ownership in the latter. In March 2019, Aragana opened its second production site for food preparation in China to manufacture approximately 30,000 tonnes of food preparations, such as strawberries, blueberries, and peaches.
Headquarter- Vienna, Austria
The Agrana Group, a food company based in Vienna, produces sugar, starch, juice concentrate, fruit preparation, and ethanol fuel. Agrana is mainly supplying to the international food industry, with some minor end-customer business. A known brand of the company is Wiener Zucker. Agrana runs approximately 50 facilities with major production bases in Australia, Argentina, Austria, Brasil, China, France, Germany, Hungary, Mexico, Poland, Korea, Morocco, Romania, Ukraine, South Africa, United States.
Establishment – 1902
Headquarter – Chicago, US
Website - https://www.adm.com/
The Archer-Daniels-Midland Company, popularly known as ADM, is an American multinational food processing and commodities trading corporation. As of 2019, the company’s revenue was USD 6,465.6 crores. The company is running more than 270 plants and 420 crop procurement facilities across the globe, where oilseeds and cereal grains are processed into products used in food, beverage, industrial, nutraceutical, and animal feed markets world-wide. Further, ADM ranked No. 54 in the 2020 Fortune 500 list of the largest United States corporations. Also, the company provides agricultural storage and transportation services.
Headquarter- California, USA
Sun-Maid Growers of California, an American privately owned cooperative, is the most prominent raisin and dried fruit processor globally. The company is headquartered in Fresno, California. As a cooperative, Sun-Maid is made up of approximately 850 family farmers who grow raisin grapes within a 100-mile (160-kilometer) radius of the processing plant. Sun-Maid also sources dried fruit beyond this geographical area.
Headquarter- Minnesota, USA
Bergin Fruit and Nut company is a family business. The company offers various food products, such as nuts, confections, mixes, dried fruit, beans and grains, and nut butters. The company employs about 150 people and services across the U.S. Bergin’s customers, includes small co-ops, local restaurants, large grocery chains, institutions, and manufacturers. In 2006, the company moved to a state-of-the-art facility on 2000 Energy Park Drive in St. Paul, which has a climate-controlled warehouse facilitating the provision of fresh products to its customers.
Berrifine, a family-owned company, specialises in producing and distributing organic and conventional fruit-based raw materials, to customers across the globe. The company offer products, such as juices, purees, extracts, IQF, dried fruits, concentrates, fruit pastes, sweeteners, infused, and cocoa, among others. Berrifine uses most modern and advanced, process technology, and techniques to produce top quality products.
Headquarters- Yuba City, California, USA
Sunsweet Growers Incorporated is an agricultural marketing cooperative. The company operates the largest and most famous brand of dried tree fruits in the world, including prunes, apricots, and mangos, among others. The company represents approximately 200 grower-members with orchards across California, which holds more than 1/4th of prune production across the globe. The company is America’s top brands.
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