Dried Fruits Market

Global Dried Fruits Market Size (2024 to 2032)

The global dried fruits market size was worth USD 8.52 billion in 2023. The global market is projected to register a CAGR of 5.72 % from 2024 to 2032 and be worth USD 13.98 billion by 2032 from USD 8.96 billion in 2024.

Current Scenario of the Global Dried Fruits Market

Consumers' attitudes on health and well-being are evolving, which has an impact on how they eat. As the prevalence of various ailments rises, consumers are becoming more health conscious, which influences them to select products that are better for their nutrition and health. Dried fruits contain fiber, potassium, folate, and magnesium. They also have antioxidant qualities that help enhance insulin responsiveness and minimize oxidative stress and inflammation in the pancreas. Vitamin C, which strengthens the immune system and enhances the appearance of the skin, is abundant in dehydrated fruits. The rising trend for protein-rich diets has greatly raised the demand for dehydrated fruits among young individuals. The popularity of healthy snacks among consumers has grown as a result of greater awareness about obesity and diseases linked to lifestyle choices. Snack bars, breakfast cereals, and baked goods that incorporate dried fruit are becoming more and more popular in the retail market.

• As per the data published by INC, Almonds and walnuts are the most widely consumed tree nuts in 2021, accounting for 31% and 21% of the global share.

MARKET DRIVERS

The rising consumer preference for healthy snacks promotes the growth of the dried fruits market worldwide.

Consumption of dried fruits and nuts has increased as a result of consumers' growing health concerns in both established and developing markets worldwide. High quantities of proteins, fiber, vitamins, and unsaturated fats are present in the product. The demand for dehydrated fruits among young adults has significantly increased as a result of the recent trend toward diets high in protein.  Dehydrated fruits are increasingly popular as a snack and a raw component in gluten-free and vegan bakery and confectionary goods due to their nutritional benefits. Small, transportable, and ready-to-eat packaging for dehydrated fruits is now available from producers and processors due to advances in the food packaging sector. The expansion of the dried fruits market is facilitated by manufacturers' growing investments in extending product shelf lives.

The growing demand from consumers for minimally processed ready-to-eat foods is further boosting the global dried fruits market growth.

The rise of the global dried fruit sector in developed economies is significantly being fueled by the rising demand of natural and minimally processed organic food goods. Customers in North America and Europe are becoming more interested in breakfast cereals like muesli and granola that use organic dehydrated fruits as key ingredients, snack bars and breakfast bars infused with whole or minimally processed dried nuts and fruits, and small-sized mixed dried nuts and fruit packs. Organic and clean-label dried nuts and fruit are believed to be safer as opposed to ordinary ones. Dry fruit snacks that are ready to eat are growing in popularity since they are portable and meet daily nutritional requirements.

• As per the data of International Nut and Dried Fruit Council Foundation (INC), in the crop year of 2022/23, almonds and walnuts accounted for 27% and 22% of global production, followed by cashews (20%), pistachios (14%) and hazelnuts (11%).

The growing health awareness among people in both emerging and developed nations worldwide has surged the consumption of dry fruits.

This rise in the popularity of nutritious snacks is propelling the market growth. The increase in proteins, fibers, vitamins, and unsaturated fats is fuelling their demand. Moreover, the inclination towards a protein-rich diet has substantially elevated the intake of dried fruits among the younger generation. In addition, the persistent growth in fast-food eating habits has led to greater cognizance about lifestyle-based disorders and obesity which in turn is taking the industry forward. Thus, people are ordering more breakfast cereals, snack bars and bakery products from online food or grocery delivery platforms or retail stores. For example, Zepto, Instamart, etc., are extremely popular in India, including both tire-1 and tire-1 cities.

• In 2021, the top dried fruits consuming regions were the Middle East with 35%, followed by Europe (21%) and Asia (21%) and North America (11%).

MARKET RESTRAINTS

High costs and growing concerns about food safety are limiting global dried fruits market expansion.

The sector for dried fruits and nuts has been significantly impacted by customers' growing concerns about the safety of their food. The need for businesses to invest more in their adherence to food safety has grown as dried fruit exports have increased. Mycotoxin, a frequent contaminant in dried fruits, has forced several developed nations to impose special regulations on imports from developing nations. In addition, customers in developed markets in Europe, North America, and Asia-Pacific are becoming more concerned about ethical standards in international food value chains. Manufacturers have been forced to invest in processing and the creation of novel goods because of the rising customer demand for ethically sourced, environmentally friendly, and clean-label dried fruits. The high expense of producing and cultivating dried fruit restricts the market's expansion.

MARKET OPPORTUNITIES

The increasing demand for the natural flavor additions in most of the food products is significant factor which is creating opportunities for dried fruits market. The consumers are consistently seeking for high nutritious and healthy alternative additives rather than artificial flavorings which is augmenting the market growth. The increased utilisation of dried fruits in various food items as toppings, flavor addition, and for enhancing taste and texture is contributing to the growing product demand leading to substantial market growth in the coming years. The dried fruits are rich in antioxidants, vitamins, and minerals which work best as the health supplements on regular consumption, and this is escalating its demand among the consumers which boosts the global market revenue. The increasing popularity for the plant-based diets and the growing health-conscious people and the accelerating demand for the low processed and natural food products which is providing market growth opportunities.

MARKET CHALLENGES

Various challenges related to expansion of the dried fruits market is the increased health concerns related to high consumption of dried fruits. The presence of high sugar content in the dried fruits which may lead to blood sugar spike on high consumption, and cases of allergic reactions caused by dried fruits to certain people, and the arise of digestive issues as dried fruits are high in fiber content, all these factors are expected to hinder the market growth rate. The challenges associated with the storage and handling as there are high chances of contamination leading to fungal growth which impede the market expansion. The rising cases of adulterated products where the processed dried fruits may include artificial sweeteners and preservatives which may lead to many other health conditions and this is limiting the market expansion. The presence of stringent regulations for the approval of dried fruit-based products and the regulations related to production and processing of dried fruits will act as challenges to the market players owing to the complexity.

REPORT COVERAGE

SEGMENTAL ANALYSIS

Global Dried Fruits Market Analysis By Type

The dried grapes segment led the market in 2023 and is expected to remain prominent in the global market during the forecast period.

Due to their widespread use in numerous healthful snacks, dried grapes are among the most popular dried nuts and fruits in the world, with the biggest global dried fruits market share. Due to their growing use in a variety of bread goods and sweets, dried grapes are also a fantastic value in the global food service sector. The demand for dehydrated fruits that are easily packaged has expanded across retail channels as the popularity of dry fruit-based snacks is a healthy snacking choice.

• For Instance, the dried grapes are top dried fruits by volume, with 1.3M MT which is of 42% of the total in 2022/23 year.

Global Dried Fruits Market Analysis By Application

The bakery segment was the largest segment in the global market in 2023.

Due to the growing demand for healthy baked goods, the bakery sector holds the largest global dried fruits market share. Dry fruits are used in various ways in the bread sector. The use of dried fruits in the baking industry has expanded due to the rising demand for healthy baked goods including gluten-free, vegan, and fibre-rich cakes and muffins. This need is only anticipated to grow as more and more dried fruits are being used in baking, including dried figs, dates, dried apricots, and dried grapes. Dates and dried grapes are frequently used in place of cane sugar as a natural sweetener in baked dishes. Due to the growing popularity of organic and clean-label baked goods, demand for organic dehydrated fruits is expanding in developed countries of Europe, particularly the U.K., Germany, and France.

REGIONAL ANALYSIS

Europe is a promising regional segment for dried fruits in the global market.

Due to growing knowledge of the benefits of functional foods for health and the appeal of on-the-go nutrition, Europe is the top region. The consumption of nuts and dried fruits has increased in the U.K., Germany, France, and Italy as these countries become more conscious of eating nutritious foods. Rising investments from major corporations in the creation of cutting-edge product portfolios for dehydrated fruits boost the global dried fruits market's expansion.

Due to Iran, Afghanistan, and Turkey having the highest production and exports of dehydrated fruits, the Middle East and Africa area holds the largest dried fruits market share. The market in the region is also expanding as a result of the increased demand for dried grapes, table dates, and dried apricots from established markets in Europe and North America for their further processing into value-added commodities such as nutritious baked goods and snacks. United States leads the North American dried fruits market revenue with prominent share.

• For Instance, the US led the global tree nut production over the last five seasons with an average share of 40%. According to INC, almonds, pistachios, and walnuts are most widely grown crops which account for 59%, 22%, and 15% of US tree nut production.

Because locals have a variety of flexible income possibilities, Asia Pacific is the region with the fastest growth in this sector. Dehydrated fruits are more in demand among millennials due to the growing ability of consumers to afford healthy food and the growing understanding of the nutritional benefits of these foods. The nations with the fastest market growth include those with developing economies, such as China, India, and Vietnam.

• According to the data published by an article of Agro & Food processing, India is the major country which is having highest growth rate of 10-12% P.A. for dried fruits market. And it also mentioned that India is the second biggest consumer for almond, figs, and raisins. Pista and Walnut are the fastest growing markets and the other dried fruits have high scope to increase in the coming years.  

KEY PLAYERS IN THE GLOBAL DRIED FRUITS MARKET

Companies playing a key role in the global dried fruits market include Sunbeam Foods, Sun-maid growers of California, Al foah, Bergin fruit and nut company, Angas Park, Murray River Organics gr, Red River Foods, Geobres, Kiantama oy and Traina Foods. A wonderful range of organic dry fruits from ORCO has been introduced; they are free of any impurities, chemicals, or artificial colors. These are abundant sources of vitamins, minerals, and various macro- and micronutrients, which in turn have many positive health effects. Protein, carbohydrates, vitamin A, calcium, vitamin D, and vitamin B12 are among the nutrients present that guard against nutrient deficiencies, anemia, and osteoporosis in women during the post-menopausal stage.

RECENT HAPPENINGS IN THE MARKET

• In March 2024, the United Nations Organization announced the upcoming project in Kyrgyzstan to reinforce and further enhance the value chain (VAC) of dried nuts, fruits and berries. This will be launched for the pilot regions involving Batken, Jalal-Abad, and Issyk-Kul provinces to provide new job opportunities and increase competition in this industry.
• In August 2023, the European Union Commission adopted draft laws and regulations for amending the marketing standards regarding dried fruits and nuts. This will become effective from 1st January 2025

DETAILED SEGMENTATION OF THE GLOBAL DRIED FRUITS MARKET INCLUDED IN THIS REPORT

This research report on the global dried fruits market has been segmented and sub-segmented based on type, application, and region.

By Type

• Dried Grapes
• Table Dates
• Dried Figs
• Dried Cranberries
• Others

By Application

• Bakery
• Confectionery
• Breakfast cereals
• Snacks
• Others

By Region

• North America
• Europe
• Asia-Pacific
• Latin America
• Middle East and Africa