MarketResearch.biz announces publication of its most recently generated research report titled, “Global Sweet and Dried Fruit Market by Type (Dried Grapes (raisins, sultanas, and currants), Dates, Prunes, Figs, Apricots, Berries, Other Types ), By Application (Food and Beverages, Bakery and Confectionaries, Cereal & Snack Bars, Dietary Supplements, Other Applications), By Distribution Channel (Supermarkets/Hypermarkets, Online Stores, Specialty Stores, Others), and Region – Global Forecast between 2021 and 2030.”, which offers a holistic view of the global sweet and dried fruit market through systematic segmentation that covers every aspect of the target market. The first five-year cumulative revenue (2021–2025) is projected to be over US$ 41.2 Bn, which is estimated to increase moderately over the latter part of the five-year forecast period.
Dried fruits contain a high amount of nutrients such as potassium, vitamin A and vitamin C. They also contain fiber and antioxidants known as phenols, which help to reduce the risk of cancer, heart diseases, and diabetes. There are a broad range of sweet and dried fruit available, with multiple varieties such as such as cranberries, grapes, apricots, and others.
Global Sweet and Dried Fruit Market: Market Dynamics
Easy adaptability of nuts and dried fruits to broad range recipes beyond snacks is resulting in increasing the use of premium ingredients into bakery products and snacks. High demand for dried fruits from food manufacturers, such as bakery and confectionery producers, as well as dairy companies, for utilization of processed fruits in manufacturing processes, giving a new way for growth of the target market. The changing food habits, due to the increasing urbanization and the desire for new taste preferences, are some factors expected to fuel the target market growth.
However, high prices of dried fruits, regulations and standards imposed by governments pertaining to import/export of food products are among some of the key factors expected to hamper growth of the global sweet and dried fruit market to a certain extent.
Increasing focus on strategic merger and acquisition activities to capitalize the potential in untapped markets can create significant revenue opportunities to manufacturers of sweet and dried fruit.
Global Sweet and Dried Fruit Market: Market Forecast
The comprehensive research report comprises a complete forecast of the global sweet and dried fruit market based on factors affecting the market and their impact in the foreseeable future. According to the forecast projections, revenue from the global sweet and dried fruit market is estimated to expand at a moderate CAGR of 5.6% during the forecast period.
Global Sweet and Dried Fruit Market: Segmental Snapshot
The market report has been segmented on the basis of type, application, distribution channel. The type segment includes dried grapes (raisins, sultanas, and currants), dates, prunes, figs, apricots, berries, other types. application segment includes food and beverages, bakery and confectionaries, cereal & snack bars, dietary supplements, other applications. Distribution channel includes supermarkets/hypermarkets, online stores, specialty stores, others. The region covered in the analysis are North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
By type: The dried grapes segment is expected to register a CAGR of over 6.3%, thereby accounting for highest revenue share among the type segments.
By application: The bakery and confectionaries segment is expected to register a CAGR of over 6.4% over the forecast period, thereby accounting for highest revenue share among the application segments.
By distribution channel: The specialty stores segment is expected to register a CAGR of over 5.9%, thereby accounting for highest revenue share among the distribution channel segments.
By region: The market in Asia-Pacific accounted for highest revenue share in the global sweet and dried fruit market in 2018, and is estimated to register a CAGR of over 5.8% between 2019 and 2028.
Global Sweet and Dried Fruit Market: Competitive Analysis
The research report on the global sweet and dried fruit market includes profiles of major companies such as Meduri Farms Inc., Del Monte Pacific Ltd., Sunsweet Growers Inc., Lion Raisins Inc., Sun-Maid Growers of California, PRANA Organic Biologique, Royal Nut Company, Decas Cranberry Products, Inc., Sweet Dried Fruit, Inc., Red River Foods.
The Global Sweet and Dried Fruit Market: Global Industry, Size, Share, Growth, Trends, and Forecast, 2021–2025 report has been prepared based on an in-depth market analysis with inputs from industry experts. This report covers the present scenario and the growth prospects of the global sweet and dried fruit market for 2021–2030.
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