The Global Market for Dried Fruits and Edible Nuts is Projected to Reach 4.7 and 62.6 Million Tons, Respectively by 2022

As Important Sources of Nutrients for Humans, Dried Fruits & Edible Nuts Witness Strong Demand Gains in the Global Market, According to a New Report by Global Industry Analysts, Inc.

GIA launches comprehensive analysis of industry segments, trends, growth drivers, market share, size and demand forecasts on the global Dried Fruits and Edible Nuts market. The global market for Dried Fruits and Edible Nuts is projected to reach 4.7 and 62.6 million tons, respectively, by 2022 driven by the growing awareness over the nutrient contribution of nuts and fruits on diet quality.

Dried fruits and edible nuts are widely consumed products, which are witnessing significant growth in demand worldwide. Dried fruits are essentially fruits that have been dried through natural means such as drying under the sun or using specialized equipment such as dehydrators or dryers. Edible nuts are also fruits that comprise a hard outer shell with an edible seed inside. Increasing consumer focus on health and well-beginning, growing awareness over the inherent health benefits offered by dried fruits and edible nuts, trend towards healthy snacking and changing lifestyles are some of the factors currently driving growth in consumption of dried fruits and edible nuts. Another factor driving growth in the market is the increasing use of dried fruits and nuts as key ingredients in snacks, confectionary and bakery foods. Demand is also benefitting from research studies highlighting the role played by dry fruits and nuts in portion control, nutritional fulfillment, and healthy weight management. Moreover, individual varieties of nuts and dried fruits have their own distinct health benefits which are increasingly brought to the fore by greater media exposure and product marketing campaigns. Market growth, in part, is driven by innovation from marketers through attractive packaging, nuts and dried fruit mixes, and designing ideal portions targeting consumers of different ages. Companies are introducing exotic varieties of nuts such as Cajun flavored peanuts and macadamias and experimenting with new flavors such as cinnamon. Dried grapes and peanuts remain the most popular products preferred by consumers across the world.  

Price remains a major deterrent to market growth. Dried fruits and edible nuts require extensive processing and are hence expensive. Also, their production is subjected to wide swings with changing weather conditions that affect their supply and hence their prices. Trade disruptions over the years have made availability of dried fruits and edible nuts scarce thus aggravating pricing concerns. Excessive intake of dried nuts and fruits also cause health issues such as abdominal cramping, bloating, constipation, weight gain, tooth decay and addiction to sugar.  Also, the market is marred by instances of detection of natural toxins, pesticides and fungicide residues in more than acceptable quantities, resulting in increased regulations and devastating product withdrawals.

As stated by the new market research report on Dried Fruits and Edible Nuts, Asia-Pacific represents the fastest growing market for dried fruits and edible nuts worldwide with a CAGR of 6% over the review period. The growth in the region is driven by burgeoning middle class population, growing disposable incomes, increasing health consciousness, rising awareness of health benefits of dried fruits and edible nuts, increasing focus on healthy diets, and trend towards healthy snacking.  

Major players covered in the report include Arimex Ltd., Mariani Packing Co., Inc., National Raisin Company, Olam International Limited, Papagan Dried Fruit Co., Paradise, Inc., Peyman Kuruyemis Sanayi ve Ticaret AS, S&W Fine Foods, Inc., Sunbeam Foods Pty Ltd., Sun-Maid Growers of California and Sunsweet Growers, Inc. among others.

The research report titled “Dried Fruits and Edible Nuts: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of market trends, issues, drivers, mergers, acquisitions and other strategic industry activities of global companies. The report provides market estimates and projections for consumption of Dried Fruits and Edible Nuts in volume terms for all major geographic markets such as United States, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia, and Rest of Europe), Asia-Pacific, Middle East & Africa, and Latin America. Further, the report analyzes the global and US market for Dried Fruits by the following product segments - Dried Grapes, Prunes, Dried Apricots, Dried Figs and Dates. Global and US markets are also analyzed for Edible Nuts by the following product segments - Peanuts and Tree Nuts (Almonds, Cashews, Walnuts, Hazelnuts, Pecans, Pistachios and Others).

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