The growth of the global dried fruit extracts market is likely to be driven by the rising demand for natural products from both cosmetic and food industry. These days, consumers are more aware of the benefits of dried fruits and natural ingredients, which is likely to bode well for the global dried fruit extracts market in the years to come. Many different dried fruit extracts, such as raisins extracts, dates extracts, apricot extracts have been gaining traction due to its high nutrition content. These extracts also come with the ability to add flavor to varieties of items, such as bakery items, beverages, confectioneries, pharmacy products, and other food items. In addition to that, there has been a rise in the demand for dried fruit chips in the last few years. These fruits come with natural anti-oxidant and excellent nutritional properties, which make them suitable for use in making of various cosmetics. These factors are expected to trigger development of the global dried fruit extracts market over the timeframe of assessment, from 2020 to 2030.
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There has been a shift in consumer preference toward products containing natural ingredients over the ones containing artificial ingredients, which is why cosmetic products with extracts of dried fruits are likely to gather traction over the period of forecast, from 2020 to 2030. Furthermore, improved and easier accessibility of various food items is also expected to augur well for the market in the years to come.
Nature, form, end-use, distribution channel and region are five crucial factors based on which the global Dried Fruit Extracts market has been classified.
Global Dried Fruit Extracts market: Notable Developments
Some futuristic and important developments pertaining to the global dried fruit extracts market have taken place in the last few years. The market is marked with the presence of a handful of leading players across the globe. Continuous research and development has played an important role in the expansion of the market share and increasing revenue for the market players.
Some of the prominent companies in the global dried fruit extracts market are mentioned below:
- Monk Fruit Corp.
- Archer Daniels Midland
- Van Drunen Farms
- Sweet Dried Fruit, Inc.
- Graceland Fruit, Inc.
- Nikken International, Inc.
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Global Dried Fruit Extracts market: Key Trends
The global dried fruit extracts market is marked with the presence of the following challenges, promising opportunities, and market drivers.
High Nutrition Content and Increased Demand for a Healthy Life to Support Market Growth
The development of the global dried fruit extracts market is estimated to be shaped by the multiple benefits offered by these dried fruit extracts. In addition to that, dried fruit extracts are able to give excellent coloring and flavoring properties. In addition to that, human body is able to absorb these dried fruit extract flavors quite easily, which makes it an increasingly popular product amongst many. High nutrition values of dried fruit extracts make it a popular choice amongst the health conscious people. All these factors are expected to drive the development of the global dried fruit extracts market over the period of projection, from 2020 to 2030.
High disposable income of the people enables them to opt for highly-priced food items, such as dried fruits and its extracts. This factor is likely to augur well for the market.
This new report on global dried fruit extracts market has made sincere and meticulous efforts and made optimum utilization of available resources so as to come with a report that would cater to the growing needs of the stakeholders in the projected market. Various multi-disciplinary approaches have been utilized to arrive at conclusions and estimation figures that have been presented in the report. This report on global dried fruit extracts market has been prepared and figures have been arrived at for a given period of time i.e. the forecast period that extends from 2020 to 2030.
Global Dried Fruit Extracts market: Geographical Analysis
The US is one the leading producer as well as consumer of dried fruit extracts. Countries like Japan, Canada, Germany, and the UK are prominent consumers of dried fruit extracts. Increased awareness about the benefits of dried fruits and rising disposable income are likely to drive growth of the dried fruit extracts market in North America and Europe over the timeframe of projection, from 2020 to 2030.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
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