Dried Fruits Market Projected to Increase at a CAGR Of 5.7% over 2018-2026

According to the latest market report published by Transparency Market Research titled ‘Dried Fruits Market: Global Industry Analysis and Forecast 2018-2026’, the revenue generated from Dried Fruits has been estimated to be valued over US$ 43.54 Bn in 2018, which is projected to increase at a CAGR of 5.7% during the forecast period (2018-2026)

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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. Demand for dried fruits from food manufacturers, such as confectionery and bakery, as well as dairy companies is increasing all over the world, as these buyers purchase processed fruit products from industry operators for utilization of fruits in their manufacturing processes. Advancements of modern retail formats, such as convenience stores and increased penetration of online stores, particularly in the Asian countries is resulting in increasing product visibility and improved product information. This enables easier accessibility to food products, such as dried fruits, to consumers.

By Product Type, the global dried fruits market is segmented as Raisins (Dried Grapes), Tropical and Exotic Fruits, Berries and Other Fruits. The Raisins (Dried Grapes) are further includes Natural Seedless, Golden Seedless, Black Currant, Raisin Mix and Others (Sultana, Muscat, Monukka, Other Seedless). The Tropical and Exotic Fruits segment includes Table Dates, Prunes, Dried Figs, Dried Apricots and Other Tropical and Exotic Fruits (Apple, Mango, Papaya, Pineapple, Banana, and Citrus). The Berries segment includes Cranberry, Blueberry, Raspberry, Mixed Berry and Other Berries (Goji Berry, Acai Berry). The other fruits segment includes Peaches, Pears, Cherries, and Kiwi. Among all the segments, raisins (dried grapes) segment is estimated to account for 50.9% of market share, in the overall global dried fruits market, in 2018.

On the basis of region, the market in Asia-Pacific is projected to dominate the global Dried Fruits market both in terms of value and volume in 2018. Asia-Pacific is projected to gain significant market share in revenue terms by 2026 end. This trend is attributed to rise in demand for various forms of dried fruits for exports in this region. Moreover, Latin America is projected to exhibit significant CAGR in terms of value during the forecast period. Some of the major companies operating in the global dried fruits market are Del Monte, Dole, Lion Raisins Inc., California Dried Fruit Inc., Jab Dried Fruit Products (Pty) Ltd, Bergin Fruit Company Inc., Vkc Nuts Private Limited, Viva Bella Orchards Inc., Kiantama, Sun-Maid Growers of California, Sunshine Raisin Corporation, Traina Dried Fruit Inc., Greek Dried Fruits S.A., Montagu Dried Fruit and Nuts (Pty) Ltd, Sun Valley Raisins Inc. A California Corporation, Raisin Champion International, Geobres Nemean Currants and Sultana Raisins S.A., Fresno Cooperative Raisin Growers Inc., Chengde Shenli Food Co., Ltd. and Ningxia Yuxiang Bio Food Engineering Co., Ltd.