Press Release

Dried Fruits and Nuts Market Size Analysis, Share, Growth, Trends, Segmentation, and Regional Demand Forecast by 2027

The global dried fruits and nuts market size is poised to expand at an exceptional rate on account of the growing incidence of chronic, lifestyle-induced diseases around the world, observes Fortune Business Insights™ in its report, titled “Dried Fruits and Nuts Market Size, Share & Industry Analysis, By Type (Dried Fruits [Raisins, Dried Apricots, Dried Berries, Others (Dates, Dried Figs)], Nuts [Almonds, Peanuts, Pistachios, Pecans] Others), By Category (Organic, Conventional), By Application (Bakery, Dairy, Snacks, Confectionery, Cereals) and Regional Forecast, 2020-2027”. Hectic routines, pollution, lack of exercise, sedentary lifestyles, and faulty diet regimes are some of the most prominent reasons for the staggering rise in the prevalence of chronic conditions globally. For example, the International Diabetes Federation estimates that currently, over 460 million people are living with diabetes, while the World Health Organization has stated that cardiovascular diseases are the number one cause of death. Dried fruits and nuts play a major role in managing and even preventing the development of these conditions in individuals. Research from Harvard School of Public Health, for example, shows that eating peanuts or peanut butter can help in lowering the risk of type 2 diabetes. Another research from Purdue University finds that diets infused with nuts can lower the probability of developing cardiovascular diseases. Thus, adoption of unhealthy lifestyles is likely to stoke the demand for dried fruits and nuts in the forthcoming years.

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Highlights of the Report:

  • Granular analysis of the market drivers, trends, and constraints;
  • Holistic examination of regional prospects and upcoming investment pockets for the market;
  • In-depth profiling and study of key market players and their strategies; and
  • Comprehensive evaluation of all market segments.

Driving Factor

Rising Adoption of Vegan Diets to Support Market Growth

Environmental concerns surrounding the overconsumption of meat and meat products have been mounting over the past few years in academic circles. As a result, universities and research institutions have been conducting studies to analyse the benefits of adopting vegan or vegetarian diet regimes. In 2018, for instance, researchers from the University of Oxford revealed that removing meat and dairy products from diets could shrink a person’s carbon footprint from food consumption by 73%. The researchers further estimated that if the entire global population stopped eating these foods, world farmland use could reduce by 75%. The key towards adopting veganism is to find alternatives to the essential micronutrients delivered by meat and dairy items. It is in this regard that dried fruits and nuts will be critical as these foods have a high nutritional value, thereby facilitating the transition of many consumers from meat-based diets to veganism.

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Regional Insights

Increasing Health Awareness to Stimulate the Market in Asia Pacific

Asia Pacific is anticipated to occupy a commanding position in the dried fruits and nuts market share in the near future owing to the spreading awareness about health and wellness in the region. This is leading to a greater consumption of natural, nutrient-heavy foods, which is further supported by the rising disposable incomes of consumers.

The market in North America is expected to grow at a steady pace as the US is the largest dry fruit producer in the world. Besides this, increasing preference for healthy snacks in the region is also foreseen to contribute to the regional market growth. In Europe, the rising number of vegetarians will be the main growth driver for the market.

Competitive Landscape

Strategic Launch of New Products by Key Players to Stoke Competition

Competition in the dried fruits and nuts market is getting intensified as key players are focusing on strategically releasing new and innovative products. The primary aim of this strategy is to expand market presence, diversify product portfolios, and strengthen global position.

Industry Developments:

  • October 2019: North Bay Produce introduced a new range of dried fruits, offering novel tastes and healthy experiences to customers. The product lineup includes cherries, whole cranberries, and blueberries, without any added sugar.
  • August 2019: Whitworths announced the launch of a new line of natural fruit & nut snacks in five variants – a mango-pineapple-papaya mix, a three-almond blend, wrapped jumbo cashews, wrapped pili nuts, and walnut & sorbet raisins.

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List of Key Players Profiled in the Dried Fruits and Nuts Market Report:

  • Sunsweet Growers Inc.
  • Sunbeam Foods Pty Ltd
  • Ocean Spray Cranberries Inc.
  • Mariani Packing Co Inc.
  • Sun-Maid Growers of California
  • Olam International Ltd
  • National Raisin Company
  • Arimex Ltd

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About the author

Thomas Fultz

Thomas handles the column depicting food products. He has worked as a product manager before and knows his words very well. His writing flows like water with the ease of reading; his way of writing is effortless and straightforward. In his free times, he loves to talk a walk in the lawn to refresh his mind. He has recently completed 5 years in our organization.

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