The Global Market for Dried Fruits and Edible Nuts is Projected to Reach 3.9 and 67.8 Million Tons, Respectively, by 2024

Growing Value Placed by Consumers On Healthy Eating Habits Drives Demand for Dried Fruits and Edible Nuts, 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 3.9 and 67.8 million tons, respectively, by 2024, driven by rising awareness of the inherent health benefits offered by dried fruits and nuts, trend towards healthy snacking, better availability of products and increasing per capita consumption of dried fruits and nuts in  developing markets.

Dried fruits and edible nuts comprise an important part of the global food industry. These natural products can either be consumed directly or be used as ingredients in various food preparations.  Demand for dried fruits and nuts is  gaining momentum  driven by increasing consciousness about healthy eating habits and the growing realization that dry fruits and nuts consumption to be an important contributor in portion control and nutritional fulfillment. Individual varieties of nuts and dried fruits have their own distinct health benefits, which are increasingly brought to the fore by greater media exposure. The current marketing efforts of the industry are geared towards projecting dried fruits and nuts as a health snacking option. Market growth has in part been driven by innovation from marketers through attractive packaging, nuts and dried fruit mixes, and designing ideal portions targeting consumers of different ages.

Increasing acceptance of diets consisting of various dried fruits and nuts such as almonds, prunes, raisins and apricots is also driving growth in demand. Demand for nuts is mainly driven by the availability of research findings supporting the health features of nuts, along with the availability of a wider variety of nut types. Further, technology advancements leading to the development of new flavors and packaging formats are also aiding consumption of snack nuts.

Besides this, rise in crop acreage and trade expansions are other drivers to growth.  Freeze-dried fruits are emerging as an ideal option to include fruit ingredients into bakery products and snacks. Further, rising consumer demand for ready to eat foods with minimal additives and high nutritional profile is also propelling growth in the freeze dried fruits market. Enthused by the potential of organics, several dry fruit and nut manufacturers are busy formulating organic options of their conventional brands.

As stated by the new market research report on Dried Fruits and Edible Nuts, Asia-Pacific represents the fastest growing market for dried and edible nuts worldwide with a CAGR of 6.4% and 5.5% over the review period. The growth in the region is driven by factors such as booming growth of the retail sector; rising income and consumption levels; growth in quality, growing health consciousness among consumers, and better availability of products such as hazelnuts, pecan nuts, and pistachios at various retail outlets.

Major players in the market 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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