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The dried fruits and nuts market is witnessing a robust growth owing to its increase in consumption across the world. Dried fruits are the fruits from which the water content is removed either naturally or by techniques such as sun drying or dehydrators. Whereas, the edible nuts are seeds of fruits that usually have high fat content. The dried fruits and nuts are healthful foods because of their nutrient content. They provide necessary minerals, dietary fibres, and variety of health protective bioactive compounds. Further, many dried fruits and nuts manufacturers are launching new organic and non-GMO varieties due to the growing demands for such products, which aids its market growth.
The increase in demand of ready-to-eat snacks and food among the consumers has positively influenced the dried fruits and nuts market. The rise in working population and the busy lifestyle has increased the consumption of dried fruits and nuts as a healthy snack between the meals and otherwise. Various research studies have shown that the dry nuts and fruits helps in weight management. Innovation in food packaging and introduction of new exotic dried fruits and nuts has recently drawn traction, which drives its market growth.
The consumers are widely consuming plant-based snacks as a healthy alternative to other fried snacks as they are highly nutritious and source of energy. The consumers are shifting towards plant-based food products owing to the factors such as healthy lifestyle, growth in government initiatives and major food players introducing plant-based food to the mainstream population. The consumers are becoming vegan, vegetarian or flexitarian due to the growing environmental concerns and aim towards sustainable development. These factors have cumulatively driven the global dried fruits and nuts market.
Key Market Driver -
Growing Acceptance of Plant-based Snacks
Key Market Restraint -
Allergies Due to Dried Fruits and Nuts
The food allergies due to dried fruits and nuts range from mild to life-threatening, which directly impacts on their consumption rate, thus impeding its market growth. The United States Food and Drug Administration (USFDA) and European Council has made it necessary for the manufacturers to label dried fruits and nuts food packaging with allergens. The allergic reactions are caused due to the sulphite content in the dried fruits and hence, consumers allergic to it are shifting towards other food products such as fresh fruits and other snacks, which hampers its market growth.
The key companies operating in the global dried fruits and nuts market are, Arimex Ltd, National Raisin Company, Sun-Maid Growers of California, Sunsweet Growers, Inc., Ocean Spray Cranberries, Inc., Olam International Limited, Mariani Packing Company, Papagan Dried Fruit Co. Sunbeam Foods Pty Ltd., and Peyman Kuruyemis Sanayi ve Ticaret AS.
The dried fruits and nuts market is segmented by type, category, application, and geography. The raisins and almonds among the various nuts and dried fruits are accounted for holding the major share in the market due to its unique nutrient profile and distinct taste. The other dried fruits and nuts such as dried apricots, dates, pistachios, peanuts and others are also witnessing traction as they are widely used in various culinary preparations and processed foods. The organic dried fruits and nuts segment is leading due to the rising consumer inclination towards organic food products as they are free from harmful synthetic pesticides and are perceived to be healthier than the conventional.
The food and beverage application sector is holding the major share owing to its extensive incorporation in food products to enhance its texture and taste. The dried fruits and nuts are added in bakery products such as cookies, muffins, cakes and others as they complement the mainstream baked good products. They also add value to the on-the-go mini meals, impart the bakery dough with superior texture, and maintain its consistency throughout shelf life. The confectionery segment is also gaining traction as many manufacturers are formulating new products, such as protein bars, designed to fit a nutritional goal as well as they are both portable and durable snacks.
Asia Pacific region is the fastest-growing market for dried fruits and nuts due to the flourishing snack food segment and the rise in their imports. The expanding health awareness and increasing acknowledgements of nuts and dried fruits as evident health nourishment and the increase in disposable income of the consumers has led to its rise in its consumption rate. Further, the increase in consumption of confectionery and bakery items in the region is has contributed in the dried fruits and nuts market growth.
North America is witnessing significant growth in the dried fruits and nuts market due to the presence of the U.S., which is the largest producer of dried fruits in the region. The rise in the working population has led to the increase in consumption of dried fruits and nuts as snacks between the meals due to the healthy snacking trend. Moreover, the manufacturers are launching innovative products to draw the consumers attention has also contributed in its regional market growth.
Europe is anticipated to observe substantial growth in the foreseeing years, as it is one of the largest markets for edible nuts and dried fruits, representing more than 40% of the total imports. The largest importing and consuming markets such as Germany, the Netherlands, France, and UK offer opportunities for the exporters from the developing economies. Further, the increase in consumption of natural, low-sugar, plat-based products are the main trends to support its regional market growth.
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