With increasing use across end-use industries, global dried fruits market to exhibit 5.9% CAGR

TransparencyMarket Research has published a new report on the global dried fruits market. According to the research report,the dried fruits market is expected to grow at rate of 5.9% CAGR for the periodof 2018 to 2026. In 2018, the valuation of the global market was recorded atUS$7,255.

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Thecompetitive landscape of the global dried fruits market is a fragmented onebecause of the presence of numerous well known and established players. Thecompanies in the market are constantly trying to bolster their productportfolio and scale up their brand position. More importantly, these companiesare trying to expand their geographical territories as well. Some of theprominent brands in the global dried foods market include names such as SunbeamFoods Pty Ltd., Red River Foods Incorporated, Sun-Maid Growers of California,Kiantama Oy, Traina Foods Inc., Bergin Fruit and Nut Company Inc., Dole FoodCompany Inc., and Lion Raisins Inc. among others.

AsiaPacific to Dominate Global Market

In terms ofgeographical segmentation, the global dried fruits market has five key regionsin North America, Europe, Latin America, Middle East and Africa, and AsiaPacific. Of these, the global market is currently dominated by the Asia Pacificregion. The region is also expected to continue its domination over the courseof the given forecast period of 2018 to 2026. The dominance of the regionalsegment is primarily due to the increasing consumption of dried fruits in theregion. The overall contribution of Asia Pacific is projected to grow to nearly41.3% in the coming few years. This growth of the market is because of theincreasing use of dried fruits in production of baked goods, confectionaries,and other food products in the region.

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There areseveral factors that are responsible for driving the growth of the global driedfruits market. One of the primary driving factors is the growing demand forminerals and vitamins rich food products across the globe. Some of the otherimportant growth factors are changing consumer preference and increasing healthawareness among people. In addition to this, the growing demand for driedfruits from the confectionary, dairy, and bakery industries is also acompelling reason behind the growth of the global dried fruits markets.

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OrganicDried Fruits to Emerge as Leading Market Segment

Dependingupon the nature of the dried fruits market, the segment of organic dried fruitsis expected to achieve higher growth in the coming few years. This growth ofthe segment is due to the fact there has been a growing demand for organic foodproducts from the end users. Moreover, increasing health consciousness amongthe consumers is also helping the market segment to grow. The segment oforganic dried fruits is expected exhibit a CAGR of 6.1% for the given forecastperiod.

MarketSegmentation is as follows:

FruitType

·        Tropical & Exotic Fruits

·        Berries

Form

·        Slices and Granulates

·        Powder

·        Whole Dried Fruits

Nature

·        Organic

·        Conventional

EndUser

·        Individual

·        Food Service Providers

·        Food Processing Industry

Region

·        North America

·        Latin America

·        Europe

·        Asia Pacific

Middle East and Africa