Market Synopsis
Global Covid-19 Analysis on Dried Fruit Market is estimated to mature at a CAGR of 4.2% during the forecast period (2020-2023).
New fruits with short lifespan have added value to the replacement demand of dried fruits. Additionally, rising health consciousness among customers has a positive effect on the dried fruit industry. In addition, increasing R&D to introduce developments in different product lines about its applications is adding fuel to market growth. dried fruit Industry is gaining acceptance due to its simple snack to pack features that prevent the spoiling of fruits as quickly as fresh fruits.
In addition, the demand is seen to be driven by its deployment in numerous product lines. The growth of the industry over the past few years has intensified the increasing trend of on-the-go snacks. Features such as decreased perishability and ease of transport have made dried fruits a typical healthy snack. In addition, dried fruit has gained significant prominence as an ingredient for salads, cooked goods, oatmeal, dessert, and dessert. Over the past few years, raisins have gained considerable prominence in the chocolate industry as they add a rich taste and nutrients in chocolates.
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Consumers’ desire to eat refined nutritious food products adds steam to the demand for dried fruits. Due to the growing nutritional level of the commodity, it is gaining popularity in the food processing industry for use in different food lines. Producers have been implementing revolutionary dried fruit packaging. Furthermore, they have been using exotic and tropical fruits in their product line to draw more buyers.
With growing market brand recognition and stringent international trade restrictions on packaging, dried fruit producers have steadily invested in packaging. However, hypersensitivity towards certain fruits followed by the lack of a certain proportion of vitamins during hydrolysis reaction could hinder the demand for dried fruits over the forecast period.
Competitive Dashboard
Some of the key players profiled in the Global Covid-19 Analysis on Dried Fruit Market are National Raisin Company (U.S.), Ocean Spray Cranberries, Inc. (U.S.), Olam International (Singapore), ARIMEX Ltd (Lithuania), Sunbeam foods Pty ltd (Australia), Sun-Maid (U.S.), and SUNSWEET (U.S.)
Market Segmentation
Dried fruit, including dried grapes, apricots, figs, dates, peaches, berries, and others, is segmented based on form. Dried grapes, among other aspects, play a significant role in the industry because they have the benefit of regulating blood pressure, which is of particular importance to the aging population.
Based on the application, Covid-19 Analysis on Dried Fruit Market for dried fruit is divided into cereals for breakfast, bakeries, confectionery, snacks, desserts, and others. Among these, the segment led by confectionery products is expected to dominate applications for baking products. In addition, dried fruits provide consumers with different nutritional elements that fuel the growth of the dried fruit market.
Dried fruit is sold either through a store-based channel or a non-store-based channel, based on the distribution channel. However, based on offering a one-stop experience to clients, the store-based platform dominates the market.
Regional Overview
North America, Europe, Asia Pacific, and the rest of the world (ROW) was segmented into the worldwide dried fruit industry. The Asia Pacific market, led by North America and Europe, accounts for the majority share. As a result of the festival and gifting culture in India, India dominated the dried fruit market in the Asia Pacific region. In North America, the booming supermarket industry is adding steam to the market growth due to the growing adoption of processed food containing nutritious ingredients. In addition, the growing population of health-conscious consumers and the disposable income is driving demand for dried fruits.
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