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Global Dried Fruits Market to Grow at a CAGR of 4.9% During 2021-2026, Aided by Rising Health Consciousness

According to a new report by EMR titled, ‘Global Dried Fruits Market Report and Forecast 2021-2026’, the market attained a value of about USD 9,972 million in 2020. The industry is further expected to grow at a CAGR of 4.9% in the forecast period of 2021-2026 to reach a value of about USD 13,057 million by 2026.

Europe is one of the largest consumers of dried fruits due to the ongoing trends supporting healthier lifestyles. Additionally, the surging vegan population in the region is increasing the demand for natural and gluten-free foods, further propelling the market growth. Moreover, the consumption of superfruit is expected to rise significantly, which can also increase the demand for dried fruits that offer various health benefits. This is anticipated to fuel the market growth. The trend of low-sugar products is increasing the demand for organic and naturally dried fruits, hence augmenting the market growth. Furthermore, the escalating consumption of sugar-infused products like candied dried fruits, especially among children, is expected to boost the market growth. The production of clean-labelled dried fruits that adhere to safety requirements is also aiding the industry growth. Such trends are majorly boosting the growth of the market in Europe, and are further contributing to the overall growth of the dried fruits industry.

The subsidiary of Archer Daniels Midland Company (NYSE: ADM), Golden Peanut and Tree Nuts, announced in April 2017 that it has invested in a significant upgrade to its peanut processing facility in Alejandro Roca, Corboda, and Argentina. It includes the addition of an in-house blancher and the construction of a cold-storage warehouse. This enhances peanut quality and peanut life, which is more efficient for the customers in both Europe and Latin America. Moreover, the company has completed a wide range of significant expansions and improvement projects to establish itself as a global leader in the production of dried fruits. Such expansions and investments by the leading players are expected to boost the market growth.

Market Analysis by Type, Product, Application, Distribution Channel, and Region:

  • The market, on the basis of type, can be divided into organic and conventional.
  • By product, the market is categorised into raisins, apricots, dates, berries, and figs, among others.
  • Based on application, the industry can be divided into dairy and desserts, cereals, and snacks and bars, bakery and confectionery, among others.
  • The distribution channels for dried fruits include supermarkets and hypermarkets, convenience stores, and online, among others. 
  • The regional markets for dried fruits include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

  • The rising use of dried fruits in bakery and confectionery products to enhance flavour, texture, and nutritional composition is aiding the market growth.
  • The market is being driven by the surging health consciousness due to the coronavirus pandemic and the prevalence of various health-related issues.
  • The introduction of sustainable and clean-label packaging to appeal to environmentally conscious consumers is propelling the market growth. 
  • The trend of healthy snacking and snack-on-the-go owing to the hectic lifestyles of the working population is augmenting the growth of the dried fruits industry.

Key Offerings of the Report:

  • The EMR report gives an overview of the global dried fruits market for the periods (2016-2020) and (2021-2026).
  • The report also offers the historical (2016-2020) and forecast (2021-2026) markets for the types, products, applications, distribution channels, and regions of dried fruits.
  • It assesses the regional price trends for the (2016-2020) and (2021-2026) periods.
  • The market report also analyses the trade data by covering the major importing and exporting countries. 
  • The report analyses the market dynamics, covering the key demand and price indicators in the market, along with an assessment of the SWOT and Porter’s Five Forces models.

The major players in the global market for dried fruits are 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. 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.

About Us:

Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

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*We at Expert Market Research always strive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

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