Dried Fruit Market

Dried Fruit Market Outlook (2024 to 2034)

The global dried fruit market, as revealed in a newly published Fact.MR report, is projected to reach US$ 11.39 billion in 2024. Worldwide revenue from the sales of dried fruits has been forecasted to increase at a CAGR of 5.5% and reach US$ 19.46 billion by the end of 2034.

Shifting consumer preference for nutritious and healthy foods due to rising cases of obesity and increasing population of health-conscious people are key factors driving global dried fruit market growth. In addition, there is a noteworthy increase in the acceptance of nutritious packaged food products than ever along with the rising application of dried fruits in confectionery, snacks, bakery, and dairy.

Demand for dried fruits is positively influenced by R&D activities highlighting the role of these products in disease management and prevention. Several scientific studies have mentioned that specific types of dehydrated vegetables and fruits help in reducing the progression of certain cancers, such as bladder, prostate, colon, pancreas, and stomach. Thus, more consumers are incorporating dried fruits into their diets.

Surging popularity of on-the-go snacking is contributing to the increasing demand for dried fruits as they are easy to carry and less perishable. These fruits are becoming popular as an ingredient for baked foods, snacks, salads, desserts, and oatmeal. The rising preference for raisins in the chocolate industry is adding to the nutrition and flavor. Moreover, several characteristics of dried fruits, such as antioxidants, essential vitamins, concentrated flavors, and natural sugar are contributing to their increased global consumption.

• North America is projected to occupy 24.3% share of the global dried fruit market share by 2034-end.
• Sales of dried fruits in South Korea are projected to rise at a CAGR of 6.2% from 2024 to 2034.
• Worldwide demand for powdered dried fruits is analyzed to increase at a 5.4% CAGR and reach a market valuation of US$ 10.27 billion by 2034.
• Demand for dried fruits in Canada is projected to increase at 6% CAGR through 2034.

Report Attribute	Detail
Dried Fruit Market Size (2024E)	US$ 11.39 Billion
Forecasted Market Value (2034F)	US$ 19.46 Billion
Global Market Growth Rate (2024 to 2034)	5.5% CAGR
Market Share of Foodservice Segment (2034F)	45.6%
Japan Market Growth Rate (2024 to 2034)	6% CAGR
East Asia Market Share (2034F)	23.1%
Key Companies Profiled	Chaucer Foods Ltd.; Berrifine A/S; Kiril Mischeff; Seawind International LLC; European Freeze Dry; Liogam; Woodland Foods; Messina Verpakkings; AGRANA Beteiligungs-AG; Archer Daniels Midland Company; Paradise Fruits; Dohler; Naturz Organics; Divine Foods; Ceres Organics; Redsun Dried Fruit and Nuts.

What’s Paving the Path Ahead for Producers of Dried Fruits?

“Growing Consumer Preference for Clean Label Products”

More consumers are becoming aware of the adverse consequences of added flavors and colors, thereby opting for healthier eating habits. Label-friendly or clean-label products are becoming popular choices among more consumers while giving them detailed information on used ingredients, subsequently generating trust. Consumer preference for additives or preservative-free ingredients is widening the application scope of dried fruits.

“Increasing Consumption of Ready-to-Use Food Products”

Dried fruits are used in bakeries to match changing consumer requirements. They are offering customized products to enhance experience and taste. Their convenience in use and minimal time for consumption make them a preferred choice among more consumers. An expanding foodservice industry is positively impacting demand for convenient food options, such as dried fruits. These options disentangle the manufacturing process by minimizing the count of ingredients, such as dairy products, cereals, snacks, pastries, donuts, and cakes. Dried fruits help in providing high-quality products with optimized production time.

Several dried fruit options, such as apricots, strawberries, apples, and others help in offering a distinctive texture and taste to end products and thereby supporting the foodservice industry growth.

What is Adversely Impacting Market Expansion to Some Extent?

“Market Dampened by High Cost of Freeze-Drying”

Fruits are perishable in nature, which is further making dried fruits import-dominant food options. There is an increase in the freight charges, customs, import duties, and logistical charges, which are further adding to the final prices of dried fruits. The freeze-dried procedure of fruits is comparatively costly and also adds to the price of the final product. These factors are acting as hindrances to dried fruit market size expansion.

How Should New Market Players Strategize in This Business Space?

“Focus on Producing Healthy Dried Fruit Snacks for Health-conscious Consumers”

Start-ups need to invest more in producing healthy dried fruit snacks for people of different age groups and preferences, such as kids, gluten-intolerant people, and others. In addition, these newly launched products are specifically launched to match the requirements of the environment and health-conscious consumers, which is further fostering global market growth.

Country-wise Insights

North America is evaluated to hold a share of 24.3% of the global market by 2034-end, as opined in the newly published study by Fact.MR, a market research and competitive intelligence provider. Emerging trends of consuming better-for-you products in Canada and the United States are contributing to the rising consumption of dried fruits in several options, such as dry fruit-based bakery products, dry fruit snacks, and breakfast cereals. The trend of consuming vegan, clean-label, and gluten-free products is also resulting in the rising sales of dried fruits.

Why is the United States Providing Lucrative Opportunities for Market Players?

“Growing Demand for Clean-label and Organic Dried Fruits”

Attribute	United States
Market Value (2024E)	US$ 1.21 Billion
Growth Rate (2024 to 2034)	5.9% CAGR
Projected Value (2034F)	US$ 2.16 Billion

The United States is evaluated to hold 45.6% share of the North American market by the end of 2034. There is an increased demand for mid- and small-sized mixed dried fruit bases infused with minimal processed and whole dried fruits and nuts and breakfast cereals, such as granola and muesli, which also use organic dehydrated fruits as key ingredients.

Clean-label and organic nuts and fruits are perceived as safer options compared to traditional ones. Moreover, the increasing popularity of ready-to-eat dried fruit snacks is owing to their features of sufficing nutritional requirements and convenience in traveling.

Why is China a Key Player in the Market for Dried Fruits?

“Greater Accessibility and Robust Distribution Network of Dried Fruits”

Attribute	China
Market Value (2024E)	US$ 1.25 Billion
Growth Rate (2024 to 2034)	5.5% CAGR
Projected Value (2034F)	US$ 2.13 Billion

China is forecasted to occupy a share of 47.5% in East Asia by the end of 2034. The growing consumption of dried fruits in the production of confectionaries, baked foods, and other sweet dishes is increasing their sales. Moreover, the expanding retail market, rising adoption of healthy food options, the right packaging, and enhanced availability of dried fruits are generating lucrative opportunities for market players.

Why are Manufacturers of Dried Fruits Drawn toward Japan?

“Rising Consumption of Minimally Processed and Organic Food Products”

Attribute	Japan
Market Value (2024E)	US$ 737.6 Million
Growth Rate (2024 to 2034)	6% CAGR
Projected Value (2034F)	US$ 1.32 Billion

Japan is forecasted to account for a 29.4% share of the East Asia market by 2034-end. Rising consumer preferences for affordable and healthy food options with high nutritional profiles are driving demand for dried fruits among more millennials. Surging popularity of minimally processed and organic food products is pushing demand for dried fruits.

Category-wise Insights

As reported in Fact.MR analysis, grapes-based dried fruits are used globally as they are rich in minerals and vitamins, which help in fighting infectious diseases and boosting the immune system. Their anti-inflammatory and antibacterial properties help cure viral fevers, infections, and several other illness types, thereby positively influencing dried fruit market trends.

Why are Powdered Dried Fruits Preferred Over Other Variants?

“Key Role of Powdered Dried Fruits in Promoting Blood Circulation”

Attribute	Powdered Dried Fruits
Segment Value (2024E)	US$ 6.09 Billion
Growth Rate (2024 to 2034)	5.4% CAGR
Projected Value (2034F)	US$ 10.28 Billion

Powdered dried fruits are analyzed to possess a share of 52.8% of the global market by the end of 2034. Rising demand for powdered dried fruits is owing to their assistance in helping improve digestion. In addition, several consumers are giving preference to powered dried fruits for their contribution to improved blood circulation and ease of consumption with shakes, energy drinks, and others.

How is the Foodservice Industry Contributing to Global Market Growth?

“Escalating Demand for Natural Flavor Additives in Foodservice Industry”

Attribute	Foodservice
Market Value (2024E)	US$ 4.94 Billion
Growth Rate (2024 to 2034)	6% CAGR
Projected Value (2034F)	US$ 8.87 Billion

The foodservice segment is projected to capture a 45.6% share of global market revenue by 2034-end. Rising need for natural flavors in several food products is driving demand for dried fruits in the foodservice industry. More consumers are opting for nutritious alternatives to artificial additives and flavorings, which is boosting demand for dried fruits. Dried fruits offer an adaptable and handy option and deliver natural flavors without any chemicals or artificial preservatives.

Competitive Landscape

Key players in the dried fruit market are investing heavily in new product launches and expanding their footprints through opening new facilities. In addition, companies are also receiving grants from investment firms to strengthen their positions.

For instance :

• Bolas is one of the prominent dried fruit brands based in India. In August 2023, the company announced its plan to expand across the country and the world. The company is planning to open more than 100 stores to strengthen its presence and become a popular name.
• Norfund is one of the prominent investment firms based in Norway. In April 2022, it announced an investment in Redsun Dried Fruit and Nuts, a processor and distributor of raisins to help the company increase its revenue share.

Fact.MR provides detailed information about the price points of key manufacturers of dried fruits positioned across the world, sales growth, production capacity, and speculative technological expansion, in this newly published market report.

Segmentation of Dried Fruit Market Research

• By Type :

  • Apples
  • Mangoes
  • Figs
  • Strawberries
  • Grapes
  • Cranberries
  • Blackcurrant
  • Oranges
  • Cherries
  • Blueberries
  • Pineapples
  • Apricots
  • Prunes

• By Nature :

  • Organic
  • Conventional

• By Form :

  • Whole
  • Powdered/Pieces

• By End Use :

  • Food & Beverages
  • Foodservice
  • Retail/Household

• By Distribution Channel :

  • Business to Business
  • Business to Consumer

• By Region :

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • East Asia
  • South Asia & Pacific
  • MEA