The global dry fruit market size is expected to reach USD 8.30 billion by 2028, exhibiting a CAGR of 4.06% during the forecast period. The growing popularity of ready-to-eat healthy foods coupled with surging awareness among millennials will have a tremendous impact on the dry fruit market growth in the forthcoming years, states Fortune Business Insights, in a report, titled “Dry Fruit Market Size, Share & Industry Analysis, By Type (Table Dates, Dried Grapes, Dried Figs, Dried Apricots, Prunes, and Dried Cranberries), Application (Bakery, Confectionery, Breakfast Cereals, Snacks, and Others), and Regional Forecast, 2021 – 2028.” The market size stood at USD 6.10 billion in 2020.

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COVID-19 Impact:

Supply Chain Disruption to Limit Business amid Coronavirus

The COVID-19 pandemic has enormously disputed the supply chain of the food and beverage industry. The pause in production, distribution, and sales has hindered the growth of the market. Nonetheless, the changing consumer patterns coupled with increased demand for food due to the lockdown have facilitated the market’s development. The inclination towards healthy, organic, and plant-based snacking options will uplift the dry fruit market share during the forecast period. Also, shifting consumer preference coupled with health awareness will create opportunities in the forthcoming years.

Market Segments:

Based on type, the global market is classified into, table dates, dried grapes, dried figs, dried apricots, prunes, and dried cranberries. Dried grapes are expected to hold the largest share during the forecast period due to their extensive variety of healthy snacks. Dried grapes are also a great value in the international foodservice industry due to their utilization in a range of bakery products and desserts.

Based on application, the market is divided into the bakery, confectioneries, breakfast cereal, snacks, and others. The bakery segment is expected to hold the lion’s share during the forecast period. The growth is attributed to the high demand for healthy baked goods such as gluten-free, vegan, and fiber rich cakes and muffins

Based on geography, the market is categorized into North America, Asia Pacific, the Middle East and Africa, and Latin America.

The report on thedry fruit market involves:

  • Through analysis of all the sections in the market
  • Informative data and figures
  • Market trends and drivers
  • Meticulous information about prominent companies
  • Key development
  • COVID-19 impact

Driving Factor:

Surging Demand for Organic Snacking Options to Encourage Growth

The increasing popularity of natural and minimally processed organic food products is expected to foster the market’s healthy growth. The excessive demand for small-sized mixed dried fruit packs, snack bars, and breakfast bars infused with whole or minimally processed dried fruits will accelerate the growth of the dry fruit industry. Moreover, the surging sales of breakfast cereals like muesli and granola that utilize organic dried fruits as key ingredients will further spur opportunities for the market. The increasing knowledge about the nutritional benefits of clean-label and organic dried fruit will incite the dry fruit market’s development. Besides, the increasing focus for improved food safety and quality control through refined technologies such as freeze-drying will bode well for the market. Hence, the need for freeze-dried fruits in the production of breakfast cereal and bakery items can significantly foster the market development.

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Regional Insights:

Rising Demand for Confectionery and Snacks to Aid Market in Europe

Asia Pacific is expected to hold a significant share during the forecast period due to consumers’ increased discretionary income levels. The increasing spending capacity of consumers will further benefit the dry fruit market in the forthcoming years. Moreover, the growing awareness regarding the health benefits of dried fruits will aid the expansion of the market in China, India, and Vietnam. Europe is expected to hold the lion’s share during the forecast period due to the growing demand for dried grapes, table dates, and dried apricots in European countries. North America is expected to expand gradually in the forthcoming years due to the need for healthy baked goods, confectionery, and snacks in the region. The Middle East and Africa is expected to rise exponentially during the forecast period due to the growing production of dried fruits in Saudi Arabia and Iran.

Notable Development:

October 2019: North Bay Produce, Inc. launched a line of dried fruits with no added sugar. The new product line will allow companies to capitalize on the growing trend of healthy snacking in the country.

The Report Lists the Key Players in the Dry Fruit Market:

  • Manassen Foods Australia Pty Ltd. (New South Wales, Australia)
  • Olam International Limited (Singapore)
  • Ocean Spray Cranberries, Inc. (Massachusetts, U.S.)
  • Bergin Fruit and Nut Company, Inc. (Minnesota, U.S.)
  • Sunsweet Growers, Inc. (California, U.S.)
  • National Raisin Company (California, U.S.)
  • Sun-Maid Growers of California (California, U.S.)
  • Angus Park Fruit Company Pty Ltd (North SA, Australia)
  • Graceland Fruit, Inc. (Michigan, U.S.)
  • Murray River Organics (Victoria, Australia)

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