PUBLISHER: 360iResearch | PRODUCT CODE: 1466072
PUBLISHER: 360iResearch | PRODUCT CODE: 1466072
[183 Pages Report] The Dried Fruit & Vegetable Market size was estimated at USD 58.74 billion in 2023 and expected to reach USD 63.41 billion in 2024, at a CAGR 8.11% to reach USD 101.44 billion by 2030.
The dried fruit and vegetable method reduces the water content of the produce, effectively extending the shelf life of these products and inhibiting the growth of microorganisms. Increasing awareness and demand for healthy, natural food options are driving consumers towards dried fruits and vegetables, seen as healthy snacking alternatives. Ongoing innovations in drying technologies have improved the quality and efficiency of the drying process, making dried products more appealing to consumers and more profitable for producers. The busy lifestyles of the modern consumer make the convenience of dried fruits and vegetables particularly appealing due to storage convenience, transport, and consumption, fitting well into hectic schedules. However, the drying process may be energy-intensive, leading to high production costs that are often passed on to the consumer. Maintaining the nutritional value and safety of dried products during processing and storage can be challenging for the market growth. Moreover, developing new flavors and product lines, such as superfood blends or pre-mixed ingredients for meals and snacks, could attract a broader consumer base. Enhancing the nutritional profile of dried fruits and vegetables through fortification or better retention of natural nutrients during processing could cater to health-conscious consumers, creating opportunities for market growth.
KEY MARKET STATISTICS | |
---|---|
Base Year [2023] | USD 58.74 billion |
Estimated Year [2024] | USD 63.41 billion |
Forecast Year [2030] | USD 101.44 billion |
CAGR (%) | 8.11% |
Product Type: Exploring types of fruits and vegetables through canning, drying, and freezing methods
Canned fruits and vegetables are preserved through a process of sealing and sterilizing them in airtight containers. The canned method extends shelf life significantly while retaining nutritional value to an extent. Consumers preferring canned products often value convenience and longer storage without the need for refrigeration. The dried & dehydrated fruits and vegetables include products that have had most of their moisture removed, either through sun-drying, air drying, or more controlled methods such as freeze-drying. The dried & dehydrated have extended shelf life, making these products ideal for consumers looking for nutritious, portable, and non-perishable snack options. The dried & dehydrated products are particularly popular among hikers, busy professionals, and health-conscious consumers.
Distribution Channel: Evolution of dried fruits and vegetables distribution from convenience stores to e-commerce and supermarkets
Convenience stores offer immediate access and quick shopping experience for consumers seeking snacks or ingredients for meals on the go. Convenience stores typically stock a limited range of dried fruits and vegetables, focusing on popular and fast-moving items. The rise of e-commerce has dramatically transformed the way consumers purchase dried fruits and vegetables. Online retailers provide a broad selection, competitive pricing, and the convenience of home delivery. The preference for online retailers is geared towards bulk purchasing, discovering exotic or hard-to-find items, and comparing prices and product reviews without geographical constraints. Supermarkets and hypermarkets offer a wide range of products from various brands, including both budget and premium options. Moreover, supermarkets and hypermarkets combine the convenience of seeing and selecting products directly, with the benefit of completing other grocery shopping in one location.
Regional Insights
In the Americas, the market for dried fruits and vegetables in the United States and Canada has been expanding due to the growing inclination towards healthier, convenient snack options and the rising popularity of plant-based diets. Consumers display a strong preference for organic and non-GMO products, reflecting an increased consciousness about food origins and production processes. European Union (EU) countries exhibit a robust market for dried fruits and vegetables, with a significant emphasis on traditional drying techniques that promise authenticity and premium quality. The Middle East and Africa (EMEA) region has a long history with dried fruits and vegetables, given their role in traditional diets. However, the MEA market is witnessing a growing appetite for novel products, such as superfood-infused dried fruits for traditional flavors. Asia Pacific represents a rapidly evolving market characterized by diverse consumer preferences and dietary habits. In China, the focus on health and wellness fuels the demand for dried fruits as natural sweeteners and snack alternatives. Japan shows a refined preference for quality and packaging, with dried vegetables being incorporated into traditional dishes and modern snacks. India's market is anchored in the cultural significance of dried fruits and vegetables, with a surge in demand for packaged and branded products reflecting rising income levels and urbanization.
FPNV Positioning Matrix
The FPNV Positioning Matrix is pivotal in evaluating the Dried Fruit & Vegetable Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).
Market Share Analysis
The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Dried Fruit & Vegetable Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.
Key Company Profiles
The report delves into recent significant developments in the Dried Fruit & Vegetable Market, highlighting leading vendors and their innovative profiles. These include Agrana Beteiligungs-AG, Al Foah, Angas Park Fruit Co., Baobab Foods And Agro, Batory Foods, Inc., Bella Viva Orchards, Bergin Fruit and Nut Company Inc., California Dried Fruit Inc., Del Monte Foods Private Limited, Eden Foods, Inc., FutureCeuticals, Inc., General Mills, Inc., GEOBRES S.A - NEMEAN CURRANTS & SULTANA RAISINS, Graceland Fruit, Inc., Herbafood Ingredients GmbH, ITC Limited, Jain Farm Fresh Foods Limited, Kanegrade Limited, Kiantama Ltd, Lion Raisins, Milne MicroDried, Nutradry Pty Ltd, Olam Group Limited, Paradise Fruits Solutions GmbH & Co. KG, Saipro Biotech Private Limited, Sun-Maid Growers of California, and Sunbeam Foods Pty Ltd.
Market Segmentation & Coverage
1. Market Penetration: It presents comprehensive information on the market provided by key players.
2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.
3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.
4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.
5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.
1. What is the market size and forecast of the Dried Fruit & Vegetable Market?
2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Dried Fruit & Vegetable Market?
3. What are the technology trends and regulatory frameworks in the Dried Fruit & Vegetable Market?
4. What is the market share of the leading vendors in the Dried Fruit & Vegetable Market?
5. Which modes and strategic moves are suitable for entering the Dried Fruit & Vegetable Market?