The global dried fruit market is expected to reach a value of USD 7.7 billion by 2028, according to a new report by Vantage Market Research The increasing demand for healthy snacks and the growing awareness about the health benefits of dried fruits are some of the key factors that are expected to drive the growth of the market over the forecast period. In this blog post, we will take a closer look at the size of the dried fruit market, industry trends, and forecast for this segment. Stay tuned!
Dried fruit is a popular snack option for health-conscious consumers, as it provides many essential nutrients without the added sugar and calories of fresh or canned fruit. Dried fruits are easy to carry and store, making them a great addition to any diet plan. In addition, dried fruits can provide an extra boost of energy due to their high sugar content, making them a great option for athletes and active individuals.
The dried fruit market includes varieties such as raisins, dates, figs, apricots, prunes, cranberries, blueberries and apples. Raisins dominate the market share with approximately 45%. The production of dates is expected to grow significantly over the forecast period due to its increasing popularity. The market for dried fruits is mainly driven by the growing demand from Asia Pacific, North America and Europe regions.
The industry trend in this segment suggests that consumers are increasingly opting for naturally processed products. Manufacturers have responded to this demand by launching a range of products with natural ingredients and no artificial sweeteners. In addition, companies are increasing their focus on developing innovative products such as dried fruit-infused beverages and snacks to meet the evolving consumer needs.
The forecast for the global dried fruit market is positive, with a projected CAGR of 5% over the period 2020-2028. The demand for healthy snacks is expected to drive growth, as consumers continue to focus on healthier diets. In addition, rising disposable incomes in emerging markets such as India and China are expected to further contribute to the growth of the market.
Overall, the dried fruit market is set for strong growth over the forecast period and promises great opportunities for producers and traders alike. With increasing demand from health-focused consumers and a range of innovative product offerings, the dried fruit market looks very attractive for stakeholders. Are you ready to take advantage of the ripe opportunities in this segment?
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