Global Dried Fruit Market Outlook
Revenue, 2024
Forecast, 2034
CAGR, 2024 - 2034
The appeal of dried fruits lies in their rich nature and unique blend of qualities that make them a popular snack worldwide among consumers who value health benefits and natural goodness.
Market Key Insights
- The Dried Fruit market is projected to grow from $13.3 billion in 2024 to $24.0 billion in 2034. This represents a CAGR of 6.1%, reflecting rising demand across Snack Food, Bakery and Confectionery and Food and Beverage.
- The market leaders Sun-Maid Growers of California and Sunsweet Growers and Traina Foods establish the competitive dynamics of this industry.
- U.S. and China are the top markets within the Dried Fruit market and are expected to observe the growth CAGR of 4.0% to 5.9% between 2024 and 2030.
- Emerging markets including India, Nigeria and Brazil are expected to observe highest growth with CAGR ranging between 7.0% to 8.4%.
- The market research indicates that the transition toward healthy snacking will drive $1.6 billion worth of growth for the dried fruit market throughout the next decade.
- The Dried Fruit market is set to add $10.7 billion between 2024 and 2034, with manufacturer targeting Bulk Packaging & undefined Packaging projected to gain a larger market share.
- With Health and wellness trends, and Changing consumer lifestyle, Dried Fruit market to expand 81% between 2024 and 2034.
Opportunities in the Dried Fruit
The increasing focus on maintaining health and consuming a balanced diet has opened up significant possibilities, for dried fruits as a preferred snack choice that helps curb cravings without adding extra pounds—a trend that is gaining popularity among those who prioritize health and fitness.
Growth Opportunities in North America and Europe
North America Outlook
In North America's dried fruit market holds a share globally due to heightened consumer awareness of its health and nutritional advantages and the increasing demand, for healthy snacks as lifestyles evolve dynamically. Significant challenges arise from fierce competition and market saturation. Notably promising are the premium product categories that are seeing growth fueled by the increased disposable income of health conscious consumers.
Europe Outlook
In Europe today there is a rising demand for dried fruits because people are changing their eating habits and paying attention to staying fit. The bakery and confectionery industries are starting to embrace this trend despite facing competition. While the market is challenged by increasing costs and strict regulations there are still chances for growth through new and creative product options along, with eco packaging solutions.
Market Dynamics and Supply Chain
Driver: Health and Wellness Trends, and Rise in Veganism and Plant-Based Diets
The fast pace of life and the rise in busy work schedules have also caused a surge in the desire for quick and accessible food choices to meet these demands efficiently. Dried fruits offer a solution, with their shelf life and easy portability that effectively also drives market expansion significantly.
Restraint: High Processing Cost
Opportunity: Expansion in Bakery and Confectionery and Growth in E-commerce
The evolving purchasing behaviors of customers influenced by the growth of technology and online shopping platforms have opened up new avenues, for sellers of dried fruits to expand their market reach by offering their products on the internet to a broader audience spanning different regions.
Challenge: Fluctuating Raw Material Availability
Supply Chain Landscape
Del Monte
Sunsweet Growers Inc
National Raisin Company
Ocean Spray
Dole Food Company
Archer Daniels Midland
Kraft Heinz Company
Nature's Path Foods
Del Monte
Sunsweet Growers Inc
National Raisin Company
Ocean Spray
Dole Food Company
Archer Daniels Midland
Kraft Heinz Company
Nature's Path Foods
Applications of Dried Fruit in Snack Food, Bakery & Confectionery & Food & Beverage
In the snack food industry dried fruit is an healthy choice for a quick snack. Its extended shelf life, portability and nutritional benefits make it a convenient option for people looking for on the go snacks. Major players in this industry, like Sun Maid and Ocean Spray incorporate dried fruits extensively in their range of products.
Dried fruits are commonly used in baking and making sweets for their flavors and textures that add an extra touch to treats like cakes and cookies found in bakeries. Notable companies such as General Mills and Nestle often incorporate dried fruits into their offerings to give their products a taste and feel that appeals, to consumers.
In the realm of food and drink industries dried fruits are commonly used in a range of products including cereals, snack bars, teas and even alcoholic drinks. They serve not as natural sweeteners but also add important nutrients to enhance the products. Big companies like PepsiCo and Kelloggs frequently include dried fruits, in their product lines for their sweetness and nutritional benefits.
Recent Developments
Sun Maid Growers of California introduced a selection of dried fruits, with lower sugar content to appeal to individuals who prioritize their health.
The National Raisins Corporation has extended its operations to the Middle East to meet the growing demand for dried fruits, in that region.
California Apricots Inc unveiled packaging designed to extend the freshness of dried apricots on store shelves.