About Dry Fruits
Dry fruits are processed foods, that are widely consumed across the world. Dry fruits are a significant source of nutrients that has raised the demand for dry fruits globally. Furthermore, acquisition is the key strategy adopted by several companies to increase the production and packaging of dry fruit to fulfill the global demand as well as increase market competition. Various types of dry fruits include Dry Dates, Dry Grapes, Dry Prunes, Dry Apricots, Dry Figs, Dry Longan, Dry Jujube, Dry Persimmon, and Other Dry Fruits. The growing acceptance around the globe impel the global dry fruits market growth over the coming years.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 5.5% |
The global market is highly competitive and consists of a limited number of providers who compete with each other. The intense competition, changing consumer spending patterns, demographic trends, and frequent changes in consumer preferences pose significant opportunities for market growth. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Dry Fruits market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Sun-Maid (United States), Olam International (Singapore), Arimex (Finland), Sunbeam Foods (Australia), Diamond Foods, Inc. (United States), The Archer Daniels Midland Company (United States), Hines Nut Company (United States) and H.B.S. Foods ltd.(United Kingdom) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Graceland Fruit, Inc. (United States) and Kanegrade ltd (United Kingdom).
Segmentation Overview
AMA Research has segmented the market of Global Dry Fruits market by Type (Nuts (Almonds, Cashews, Walnuts, Hazelnuts, Macadamia Nuts, Pistachios, Others), Raisins, Prunes, Apricots, Figs, Berries, Longan, Jujube, Persimmon and Others), Application (Breakfast Cereals, Dairy Products, Confectionaries, Bakery Products and Others(Desserts, Cereals)) and Region.
On the basis of geography, the market of Dry Fruits has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Distribution Channel, the sub-segment i.e. Supermarket and Hypermarket will boost the Dry Fruits market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Packaging Type, the sub-segment i.e. Canned will boost the Dry Fruits market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Growing Demand of Innovative Blends and Mixes Combining Different Dry Fruits
Market Growth Drivers:
Increasing obesity rate and Growing acceptance of dry fruits and including it into healthy diets
Challenges:
Low-Quality Products Offered by Local Players
Restraints:
Side effects of excessive intake of dry fruits
Opportunities:
Increasing middle class population & inclination towards healthy diets
Market Leaders and their expansionary development strategies
In October 2023, Zydus Wellness, a healthcare and wellness company, acquired a majority stake in Geojitts Foods, a Kerala-based processor and exporter of dry fruits and spices. This acquisition aims to strengthen Zydus Wellness' presence in the nutraceuticals segment.
In November 2023, Nutraj, a leading dry fruit and nuts brand, announced a strategic partnership with Go Nuts, a Mumbai-based online retailer specializing in premium dry fruits. This collaboration aims to expand Nutraj's reach in the online market and leverage Go Nuts' strong distribution network.
Key Target Audience
Dry Fruits Manufacturers, Dry Fruits Distributors/Traders/Wholesalers, Food products manufacturers, Bakery Industry, Government and research organizations and End users
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.