Dried Fruits Industry Report by Regional Category Spend, Price Analysis, Key Demand, and Price Indicators, and Best Buying Practices

The global Dried Fruits market reached a value of about USD 10460 million in 2021. The industry is projected to grow at a CAGR of around 4.9% in the forecast period of 2022-2027 to reach a value of about USD 13940 million by 2027.

The global Dried Fruits industry report gives a comprehensive analysis of the industry, including key segments, trends, drivers, restraints, the competitive landscape, and other essential market aspects. The rising health consciousness among consumers is primarily driving the market growth. Middle East, North America, and Asia are the highest category spender by region, driving the demand for the Dried Fruits industry.

Industry Definition and Segmentation

A fruit that has had a big volume of its original water substance eliminated, either organically, by sun drying, or synthetically, by employing specific dryers or dehydrators is called dried fruit. Dried fruits may be kept for a long time without being refrigerated. Some of the most common dried fruits are raisins, apricots, prunes, dates, and figs. The Dried Fruits industry report comprises segments by Type (Organic, Conventional), Product (Raisins, Apricots, Dates, Berries, Figs, Others), Application (Dairy and Desserts, Cereals, Snacks and Bars, Bakery and Confectionery, Others), Distribution Channel (Supermarkets and Hypermarkets, Convenience Stores, Online, Others) and region (North America, Europe, Asia Pacific, the Middle East, and Africa, and South America).

North America, Asia, and the Middle East Regions are Driving the Growth of the Industry

Middle East, North America, and Asia are regions holding a significant share in the industry. Dried fruits are being used more often in baked goods, confectioneries, and other sweet meals, which drives up demand in the region. Furthermore, the expansion of the retail industry and increased purchasing power in nations such as China and India are predicted to increase the demand for nutrient-dense foods. The market for dried fruit in these nations has been driven by increased availability, appropriate packaging, and greater awareness of health needs.

The market is witnessing demand due to the variety of health advantages of the product, and they have up to three times the amount of fibre and minerals as fresh fruits. The fruits are high in minerals and antioxidants, which promote blood flow and digestive health while lowering the risk of various ailments. The product is gaining traction among consumers due to the following properties of the product. In addition, as the prevalence of chronic conditions such as diabetes and high blood pressure rises, so does the need for low-sugar snacks. Furthermore, the trend of snacking on the go is boosting the dried fruits business by bringing nutritious and portable food, such as nuts, that can be consumed in any situation. Furthermore, the rising popularity of healthy breakfast and snack cereals such as cornflakes, oats, and muesli, among others, including various dried fruits to increase their nutritional value, is fueling market expansion. Other important factors such as the hectic lifestyles of the working people, the trend of consuming nutritious, quick, and delicious snacks, the rise of the middle class, and rising disposable incomes are furthering the demand for convenience foods like raisins and almonds.

Best Procurement Practices

The global Dried Fruits industry report by Procurement Resource gives an in-depth analysis of the best buying practices followed by major global Dried Fruits regions across the globe, such as engagement models, contract terms, and buyer and supplier negotiation levers, among others.

Category Management Studies

Dried fruit is prepared by removing the water from the fruit and drying it in the sun or using a dehydrator. Since the water in the fruit is separated through the drying process, the raw sugars in the fruit are condensed. Dried fruit is created from fresh fruits that have been peeled, cooked, boiled in sugar water, soaked, dried, and packaged. Dried fruits are low in water content, have a dry surface, and are slightly sticky. Various dried fruits include raisins, dates, prunes (dried plums), figs, apricots, and peaches. Fruits like dried mango, pineapple, and berries are also available, although they're usually dried with sugar added.

Increasing Efforts by Manufacturers, Further Driving the Procurement of Dried Fruits

The industry is being propelled by applying the product in various delicacies in the bakery, snack, dairy, and confectionery sectors to boost the nutritional content of the products. Furthermore, the rise of the retail industry, such as convenience shops, supermarkets, and hypermarkets, is expanding the availability of various dried fruit products, which is also helping the business flourish. Furthermore, the rise of e-commerce platforms in both emerging and developed nations, which provide a wide range of dried fruit items with the simplicity of use, is boosting the market growth. Furthermore, top firms are increasing their spending on dried fruit packaging to make the product more attractive, encouraging market growth. Furthermore, adopting sustainable packaging that allows for better portion control and ingredient transparency, owing to rising environmental awareness among customers, is boosting the industry's growth. The developing research and development (R&D) and creative approaches for using dried fruits in various applications also aid market expansion.

The regional markets for the industry can be divided into North America, South America, Europe, the Middle East and Africa, and the Asia Pacific.

Key Industry Players Mentioned in the Dried Fruits Industry Report

• AGRANA Beteiligungs-AG
• Archer Daniels Midland Company
• Sun-Maid Growers of California
• Bergin Fruit and Nut Company
• Berrifine A/S

Market Landscape

With several international corporations operating worldwide, the global market is tremendously fragmented. Key participants in this business include major and minor firms developing novel flavoured dried fruits and growing their range to appeal to customers. Major firms are focusing on releasing new flavoured dried fruits to the market to enhance their position in the dried fruits industry. The top firms are working on new product development, mergers, and acquisitions. The entry of new companies into the dried nut and fruit industry has a significant influence on the market, favouring its growth.

Key Initiatives by Companies

• In April 2021, Hyle Capital Partners, an Italian private equity firm, purchased a majority stake in Manuzzi for an undisclosed price. Manuzzi's development will be aided by this purchase, which will boost its position as one of Italy's leading retail enterprises. Manuzzi is an Italian dried fruit and nut company.
• Rind Snacks, LLC, for example, launched "Skin-on Superfruit," a new brand of dry fruit snacks, in July 2019. California Kiwi, Orchard (persimmon, peach, apple), and Tropical are the three chewy and tangy tastes in this new product line (organic pineapple, bittersweet orange, kiwi). These products are available in 3-ounce re-sealable, and 1.5-ounce single-serve packages and feature slices of dried fruits cultivated in the United States.