Dried Fruit Ingredients Market Size, Share And Global Trend By Fruit Type(Raisins, Berries, Tropical Dried Fruits), By Application(Baked Goods, Ready Meals, Breakfast Cereals, Confectioneries, Beverages), And Geography Forecast Till 2030

The global dried fruit ingredients market is experiencing significant growth, owing to its high nutritional content and increased demand by end-use industries, such as food & beverages. The high shelf life of dried fruit ingredients as compared to fresh fruits is one of the significant reasons for its higher adoption by food manufacturers as well as in households.

Key market players operating in the global dried fruit ingredients market are focusing on innovative product launches for application in manufacturing of various nutrition rich food products. Naturex SA, Archer Daniels Midland Co., Dahler & Co GmbH, and California Dried Fruits Inc. are some of the key vendors operating in the global dried fruit ingredients market.

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Dried fruits are made by eliminating original water content from the fruits by using natural methods or by using specialized dehydrators or dryers. Dried fruits, even after their water has been removed, remains an important source of various crucial nutrients required by human body, hence are widely used for various applications.

Rapid urbanization, increased working population, and changing lifestyle of people has increased the demand for nutrition-rich and convenience food products, which in turn is expected to favor the growth of global dried fruit ingredients market during the forecast years. Dried fruits are rich sources of minerals, fibers, and vitamins hence their utilization in production of various food products, such as confectioneries, bakery products, and other food & beverage products is expected to witness a crucial rise in the coming years.

The price of most of the dried fruit ingredients is high, as they require a specific environment to grow and their trade taxes also vary greatly, which leads to the high price of the products, that can ultimately hamper the market growth. Allergies among some individuals due to dry fruit consumption is further expected to restrain market growth.

Key Players Covered

Some of the key companies that are present in the global dried fruit ingredients market are Burgin Fruit and Nut Company Inc., Archer Daniels Midland Co., JAB Dried Fruit Products (Pty) Ltd., Naturex SA, California Dried Fruits Inc., Dahler & Co GmbH, DIANA NATURALS SAS, Traina Foods Inc., Lion Raisins Inc., and Sunshine Raisin Corporation among the other players operating in dried  fruit ingredients market.

SEGMENTATION

By fruit type, the global dried fruit ingredients market has been segmented into raisins, berries, tropical dried fruits, and others. Tropical dried fruit segment is projected to grow at a faster pace during the forecast period, and it is expected to hold the major market share, due to increased usage of tropical dried fruit by food & beverage industry to use as an additive for enhancing the flavor of food products.

By application, the global dried fruit ingredients market has been segmented into baked goods, ready meals, breakfast cereals, confectioneries, beverages, and others. The application of dried fruit ingredients in baked goods is projected to be the highest during the forecast period, owing to rising demand for nutritional bakery products and snacks. The application of dried fruit ingredients in confectionery product is projected to witness a steep rise, due to rapid growth in the world confectionery market in the upcoming years.

Regional Analysis

Dried fruit ingredients market in Asia Pacific is projected to expand at a significant pace during the forecast period, owing to increasing consumer awareness regarding the health benefits associated with the consumption of dried fruits. Increased usage of dried fruit ingredients in various bakery, confectioneries, and dairy products by Asian food product manufacturers to increase the nutritional as well as market value of the products is further expected to boost the growth of the market in the forthcoming years. Consumption of dried-fruit based food products in Europe is expected to witness a crucial rise, due to rising consumer inclination towards food products packed with nutritional components.

Key Industry Developments

• In August 2018, SouthAm, prominent producer of freeze-dried superfoods launched their new line of freeze-dried fruit powder, that are made up by using acai berry and maqui berry.
• In June 2018, RIND Snacks introduced its new line of dried fruits snacks, called Skin-on Superfruit. The company has used three flavors in its newly launched products that include ‘California Kiwi’ and two blends, namely orchard and tropical.