The global dried fruits market is experiencing robust growth, propelled by the surge in consumption of ready-to-cook food and the increasing popularity of natural energy supplements. With a valuation of US$ 9.1 billion in 2022, the market is forecasted to grow at a steady CAGR of 6.2%, reaching US$ 15.6 billion by the end of 2031.
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Key Players and Market Developments
Diana Naturals SAS, Archer Daniels Midland Company, Döhler GmbH, SunOpta Grains and Foods Inc., Naturex SA, AGRANA Beteiligungs-AG, Lion Raisins Inc., The Green Labs LLC, California Dried Fruit Inc., Geobres Nemean Currants and Sultana Raisins S.A., JAB Dried Fruit Products (Pty) Ltd , Bergin Fruit and Nut Company Inc. , Kiantama Oy, Traina Foods, Inc., and Sunbeam Foods Pty Ltd. are some of the key entities covered in the dried fruits market report.
Market Dynamics:
Consumption of Ready-To-Cook Food: The rise in demand for processed foods, driven by stressful work cultures and on-the-go lifestyles, is fueling the need for dried fruits as flavor enhancers. Dried fruits add sweetness, depth, and natural flavors to a variety of processed food items, catering to the growing demand for convenient and quick eating solutions.
Popularity of Natural Energy Supplements: As consumers increasingly prioritize healthier and natural alternatives, the popularity of natural energy supplements is soaring. Dried fruits, rich in natural sugars, minerals, vitamins, and antioxidants, offer a sustainable energy boost without the crash associated with artificial stimulants, driving market growth in the wellness sector.
Innovations in Product Development: Key players in the dried fruits market are focusing on developing healthy snacks for kids and gluten-free options to meet the demands of health-conscious consumers. The introduction of convenient forms such as vegetarian capsules and powder further expands market opportunities, catering to evolving consumer preferences.
Market Landscape:
Versatile Culinary Applications: Dried fruits serve as essential additions to a wide range of culinary applications, including snacking, baking, cooking, and as ingredients in processed cereals and trail mixes. With their extended shelf life and nutritional value, dried fruits are becoming popular choices for enhancing the flavor and nutritional profile of various food products.
Rise in Natural Energy Supplements: Dried fruits are increasingly utilized in natural energy supplements due to their quick energy release and natural composition. Athletes and fitness enthusiasts incorporate dried fruits into their pre-workout or mid-training snacks to replenish energy levels and maintain endurance, further driving market growth in the sports nutrition sector.
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Regional Outlook:
Asia Pacific: Asia Pacific dominates the global dried fruits market, fueled by the heightened demand for processed and ready-to-eat food products. Countries like India, with a booming market for ready-to-eat meals and a growing appetite for healthy snacks, are driving market dynamics in the region.
Europe: Europe presents significant opportunities for market growth, driven by the increasing awareness of healthy eating habits. Consumers in countries like Italy, Germany, and the Netherlands are embracing dried fruits for their extended shelf life and diverse applications in desserts and salads, contributing to market expansion in the region.
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Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. The firm scrutinizes factors shaping the dynamics of demand in various markets. The insights and perspectives on the markets evaluate opportunities in various segments. The opportunities in the segments based on source, application, demographics, sales channel, and end-use are analysed, which will determine growth in the markets over the next decade.
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