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Europe accounted for a significant share of the air dried food industry owing to the extensive demand for processed food in the region. As the majority of population in the region is working, the demand for ready-to-eat and convenient food products is significantly surging. The growing health-consciousness in the region is leading to a surge in the demand for air dried fruits and vegetables, which is significantly contributing to the industry growth. Moreover, the growing demand for exotic fruits, such as guavas and berries, among others, is increasing the consumption of them in the air dried form, thereby fuelling the growth of the air dried food industry. Meanwhile, the Asia Pacific region is witnessing robust growth, owing to the rising disposable income and the emergence of middle-class population. In addition, the expansion of distribution channels and the rising popularity of e-commerce platforms are escalating the accessibility to air dried food, hence providing further impetus to the market growth.
Some of the leading companies in the air dried food industry are Nestle S.A. (OTCMKTS: NSRGY) and Saraf Foods Pvt. Ltd. The latter company announced in July 2017 that it was expected to invest INR 60 crore in its Waghodia unit in Vadodara. This would add capacities in air drying operations while bolstering innovations in the development of the air dried food. The company would also construct various new manufacturing facilities to meet the growing demand for air dried food in Europe and North America region. Such developments are significantly contributing to the growth of the market.
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The major players in the global air dried food market are Dehydrates Inc., Saraf Foods Pvt. Ltd., Berrifine A/S, La Frubense, BCFoods, Inc., Nestle S.A., and B-B Products (Australia) Pty Ltd., among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
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