Published on : Jul 24, 2018
Albany, New York, July 24, 2018: Worldwide, the demand for dried fruits from food manufacturers, such as confectionery and bakery, as well as dairy companies is increasing rapidly. Rising global urban population and per capita income are factors responsible for the boost in demand for industry products such as fruit snacks and cereals, this has given a significant push to the market growth of dried fruits. Market Research Hub (MRH) has freshly broadcasted a study titled “Dried Fruits Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 – 2026” to its wide repository, which clearly states that the worldwide market for dried fruits is projected to increase at a CAGR of 5.7% during the forecast period (2018-2026).
To pour more light on the above growth in the market, the analysts have gone through various research methodologies. In the initial section, the study highlights comprehensive market overview along with regional market analysis, which focuses on some prime regions, such as North America, Europe and Asia-Pacific, South America, Middle East and Africa. These chapters include an assessment of the various regional factors driving the adoption of dried fruits in various countries.
Factors Fueling Market Growth
In the initial section, the research study offers an introduction to dried fruits along with its product type, form, drying method, and end-use. Dried fruits offer bakers a new way to indulge in a healthy way. Considering this, analysts find that the market is driven by higher demand for healthy foods among the consumer groups. The unique properties of dried fruits like its unique flavor, rich nutrition profile, and prolonged shelf life and higher health benefits.
As per the research prime findings, the revenue generated from Dried Fruits has been estimated to be valued at over US$ 43.54 Bn in 2018. This is estimated to increase in the coming years as well, at a significant rate. The high demand has been coming from the working women, who are increasingly leading to a significant change in lifestyle.
A major part of the report offers segmental overview of the market on the basis of type into raisins, tropical and exotic fruits, berries and others. It comes in various forms such as slices, flakes, whole, powder, dices, rings and chunks, and others. By end-use, it covers household, foodservice and food processing. Geographically, the market in Asia-Pacific is projected to dominate the global Dried Fruits market both in terms of value and volume in 2018 and projected to gain significant market share in revenue terms by 2026 end.
In the end, a chapter clearly depicts the competitive landscape of the dried fruits market, along with key developments made by leading market players and their current standings. At present, some of the major companies functioning in the global dried fruits market are Del Monte, Lion Raisins Inc., California Dried Fruit Inc., Jab Dried Fruit Products (Pty) Ltd, Vkc Nuts Private Limited, Viva Bella Orchards Inc., Kiantama, Sun-Maid Growers of California, Sunshine Raisin Corporation, Traina Dried Fruit Inc., Dole, Montagu Dried Fruit and Nuts (Pty) Ltd, Raisin Champion International, Geobres Nemean Currants and Sultana Raisins S.A., Fresno Cooperative Raisin Growers Inc., and Ningxia Yuxiang Bio Food Engineering Co., Ltd.
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