Categories: Food & Beverages

Dried Fruits Market Size, Outlook, Demand, Share, Growth

The Dried Fruits Global Market Report 2023 by The Business Research Company, provides dried fruits market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-year forecast period – 2023-2032.

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https://www.thebusinessresearchcompany.com/report/dried-fruits-global-market-report

According to The Business Research Company’s Dried Fruits Global Market Report 2023, the market size grew from $7.86 billion in 2022 to $8.68 billion in 2023 at a compound annual growth rate (CAGR) of 10.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, and affecting many markets across the globe. The market size of global dried fruits is expected to grow to $11.62 billion in 2027 at a CAGR of 7.6%.

The growing population of healthier consumers is expected to propel the growth of the dried fruits market in the coming years. Healthy eating has become the norm, with most customers intending foods and beverages to meet progressively nuanced health, wellness morality, and sustainability criteria. Dry fruits are a good source of protein, vitamins, minerals, and dietary fibre and are considered a good replacement for high-calorie snacks.

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The dried fruits market is segmented:

1) By Type: Apricots, Dates, Raisins, Figs, Berries, Other Types

2) By Category: Conventional, Organic

3) By Application: Confectioneries, Dairy Products, Bakery Products, Snacks And Bars, Desserts , Cereals, Other Applications

The launch of new flavoured dried fruits has emerged as a key trend in the dried fruits market. Major players operating in the dried fruits sector are focused on introducing new flavoured dried fruits into the market to strengthen their position. For instance, in March 2021, Ocean Spray Cranberries, Inc., a US-based American agricultural cooperative, launched Ocean Spray® Fruit Medley, a new dried fruit line with delectable craisins combinations. Ocean Spray® Fruit Medley is manufactured with premium, high-quality ingredients and contains no artificial colours, flavours, or preservatives. It comes in three distinct variations with immunity, fibre, and probiotic benefits.

The dried fruits market report table of contents includes: