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The global dry fruits market is anticipated to witness considerable growth during the forecast period owing to increasing demand for nutrition-rich diet and food products across the globe. Long shelf-life of dry fruits as compared to fresh fruits, coupled with easy storage, packing and carrying feature associated with dry fruits is further expected to boost the market growth of dry fruits.
Key companies operating in the global dry fruits market are focusing on launching products with long shelf-life that can serve multiple purposes and can be utilized for various applications. Ocean Spray Cranberries, Inc., Sunbeam Foods Pty Ltd., and Olam International Limited are some of the key companies performing in the global dry fruits market.
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Dry fruits are processed fruits from which the water content has been removed to elongate its shelf-life. The water content from fruits can be removed by using sun drying process as well as by using food driers or dehydrators. Dried fruits are rich in antioxidants and other crucial nutrients and can be consumed directly or can be used in the production of cookies, biscuits, desserts, and various other edible products.
Rising demand for convenience and processed food products that are rich in nutrition is projected to drive the market growth of dry fruits during the forecast period. Flavor-enhancing properties associated with some dry fruits, coupled with increasing disposable income of consumers across developing economies is projected to aid the market growth of dry fruits in the forthcoming years.
High price of dry fruits can hinder their market growth during the forecast period. Furthermore, loss of efficient vitamins in dry fruits (as they are lost during the dehydration process) may obstruct the growth of dry fruits market during the forecast period.
Some of the major companies that are present in the global dry fruits market are Olam International Limited, Ocean Spray Cranberries, Inc., Australian Premium Dried Fruits, Sunbeam Foods Pty Ltd, Sunsweet Growers Inc., National Raisin Company, Three Squirrel Inc., Angas Park Fruit Company Pty. Ltd., KBB Nuts Pvt. Ltd., and Graceland Fruit, Inc. among the other players operating in the global dry fruits market.
By Product Type
· Bakery Products
· Dairy Products
· North America (U.S., Canada, and Mexico)
· Europe (France, Germany, Italy, Spain, U.K., Russia, and Rest of Europe)
· Asia Pacific (China, India, Japan, Australia, and Rest of Asia Pacific)
· South America (Brazil, Argentina, and Rest of South America)
· Middle East & Africa (South Africa and Rest of ME&A)
On the basis of product type, the global dry fruits market has been segmented into grapes, dates, apricots, berries, peaches, pears, and others. The dried grapes segment is projected to witness rapid growth in the upcoming years, owing to increased utilization of the product in dairy products, confectioneries, and other edible products. Health benefits associated with dried grape consumption, such as healthy weight gain, regulation of blood pressure, and others is further expected to fuel the growth of the segment.
On the basis of application, the global dry fruits market has been segmented into confectionery, bakery products, dairy products, snacks, desserts, and others. The application of dried fruits in bakery products is projected to be the highest during the forecast period, owing to increased demand for nutritional bakery products, coupled with growing bakery industry across several regions. Confectionery segment is projected to witness significant growth in the forthcoming years, due to increased utilization of various dried fruits in confectionery products to enhance their taste as well as to increase their market value.
Asia Pacific is anticipated to hold the major market share in the global dry fruits market due to growing consumer awareness towards the health benefits of dry fruits. Increasing disposable income of the middle-class population based in developing economies of APAC is projected to aid the market growth of the region during the forecast years. Increasing use of dried fruits in festivals and for gifting purposes in Asian countries, such as India is further anticipated to fuel the dry fruits market of the region. Growing retail market in North America is expected to boost the growth of the dried fruit market of the region during the forecast years.
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