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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.
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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.
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