Dried Fruits and Edible Nuts Market Size, Share, Growth, and Industry Analysis, Segmentation By Type (Dried Fruits and Edible Nuts), By Application (Commercial and Household) and Regional Forecast to 2032

DRIED FRUITS AND EDIBLE NUTS MARKET REPORT OVERVIEW

The global dried fruits and edible nuts market size was USD 268.33 million in 2023 and the market is projected to touch USD 361.65 million by 2032, exhibiting a CAGR of 5.1% during the forecast period.

Dried fruit is fruit from which the larger part of the original water substance has been expelled either actually, through sun drying, or through the utilize of specialized dryers or dehydrators. Dried natural product encompasses a long convention of utilize dating back to the fourth thousand years BC in Mesopotamia, and is prized since of its sweet taste, nutritive value, and long-lasting shelf life.Nowadays, dried natural product utilization is far reaching. About half of the dried natural products sold are raisins, taken after by dates, prunes, figs, apricots, peaches, apples, and pears. These are alluded to as "customary" or "conventional" dried fruits:fruits that have been dried within the sun or in warmed wind burrow dryers. Numerous natural products, such as cranberries, blueberries, cherries, strawberries, and mango are implanted with a sweetener (e.g. sucrose syrup) earlier to drying. A few items sold as dried fruit, like papaya, kiwifruit and pineapple, are most often candied fruit. 

COVID-19 Impact: COVID-19 had Multiplying Effect on the Market Growth Due to Replicating Health Concious Consumers

The global COVID-19 pandemic has been unprecedented and staggering, with the market experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden market growth reflected by the rise in CAGR is attributable to market’s growth and demand returning to pre-pandemic levels.

Amid the figure period, Australia is anticipated to proceed to be one of the foremost beneficial markets for Oceania consumable nuts. In 2021, it has an 83.5 percent market share in Oceania eatable nuts. The expanded mindfulness of a healthy way of life may be a major figure driving the edible nuts market forward. Select Harvests Constrained saw an increment in efficiency force in 2020 as a result of the COVID episode, as generation of edible nuts expanded compared to 2019, owing to a rise in health-conscious customers. 

LATEST TRENDS

"The Trend of Snacking and Gifting to Soar High the Market Growth"

Snack utilization among health-conscious customers could be a drift within the market. Typically making a high request for sound snacks. For occasion, in Admirable 2020, Kellogg's Nutri Grain, has propelled it's first savory nibble item, Nuts & Jolts Path Blend. The modern snack may be a blend of Nutri-Grain, peanuts, and flavors with diced almonds and is accessible in three flavor assortments; Unique Zest, Smokey BBQ, and Sweet Chilli.The slant of gifting nuts items is developing over different districts particularly in India amid celebrations and is anticipated to impel the advertise development of consumable nuts. In expansion to this high utilization of nuts as after suppers which are advance anticipated to boost demand for eatable nuts. Developing inclinations for sweet snacks are moreover anticipated to cultivate the market development of the edible nuts over the estimate time period. 

DRIED FRUITS AND EDIBLE NUTS MARKET SEGMENTATION

By Type

Based on type the global market can be categorized into dried fruit and edible nuts.

• Dried Fruits: Dried fruit is fruit from which the larger part of the initial water substance has been expelled either actually, through sun drying, or through the utilize of specialized dryers or dehydrators. 

• Edible Nuts: "E"dible nuts are dried natural products expended around the world and are an critical source of supplements, such as fiber, potassium, vitamin A, iron, and Vitamin K. Edible nuts incorporate almonds, cashew nuts, hazelnuts, walnuts, pistachios, chestnuts, and Brazil nuts. Edible nuts are utilized over different nourishment &refreshment applications such as sweets, pastry kitchen, snacks and others. 

By Application

Based on application the global market can be categorized into household and commercial.

• Household: The applications of dried fruits fruits and edible nuts in household activities are snacking, cooking, baking and making desserts. The most common application going in trend is snacking considered as a healthy option by the health consious consumers.

• Commercial: Utilized as ingredients in cereals, granola bars, trail mixes, bakery products, and confectioneries. Incorporated into nut butters, spreads, bakery items, and snack foods. Also used in ice creams, chocolates, and other confectioneries. Employed in gourmet cooking, including in salads, garnishes, sauces, and specialty dishes. Used for their flavor, texture, and nutritional value.

DRIVING FACTORS

"Longer Shelf Life with Offered Health Benefits to Account for a Significant Market Share"

Developing demand for consumable nuts as an ingredient due to their great properties longer rack life, crunchiness, and high dietary value is anticipated to bring unused openings. They are broadly utilized in yogurts, artisan wafers, ice-creams, and cakes and others. Hence, the developing utilize of consumable nuts as an ingredient in different nourishment items is anticipated to cultivate advertise development within the close future. Expanding utilizes of edible nuts in chocolates by producers to improve the taste of the item is anticipated to offer profitable openings to the advertise of consumable nuts. 

"Increased Emphasis Over Leading a Healthy Lifestyle to Aid the Market Growth"

Utilization of edible nuts has developed as a result of customers embracing a more beneficial way of life, which is the advertise driver for edible nuts. The utilization of nuts, counting walnuts, almonds, pistachios, hazelnuts, and cashew nuts, has expanded altogether as a result of customers being more cautious of their intake and calories count. Hence, over the anticipated period of 2023–2030, the advertise development of edible nuts is generally driven by the expanded selection of a sound lifestyle. 

RESTRAINING FACTOR

"Adverse Health Consequences and Allergic Reactions to Pose a Barrier in the Market Growth"

In spite of the promising prospects, the dried fruits and edible nuts market faces a few challenges. Utilization of groundnuts, tree nuts, and other nuts is energized by the rising notoriety of solid eating and snacking propensities. The extension of the nuts market over the projection period may be compelled by conceivable dangers, such as serious unfavorable health results such as purgative impacts which will actuate loose bowels and stomach pain and high utilization rates that might result in life-threatening unfavorably susceptible responses. As a result, the above factors are expected to impede the dried fruits and edible nuts market growth under consideration throughout the projected timeframe.

DRIED FRUITS AND EDIBLE NUTS MARKET REGIONAL INSIGHTS

The market is primarily segregated into North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa.

"Asia Pacific with Significant Market and High Healthcare Spending to Dominate the Market "

The fastest growing region for dried fruits and edible nuts market share is as of now Asia Pacific, flourishing imports and the snacking trend, the region is playing a domineer in the market growth. The growing wellbeing mindfulness and expanding affirmations of nuts and dried natural products as apparent health food and the increment in expendable wage of the buyers has driven to its rise in its utilization rate. Further, the increment in utilization of confectionery and pastry shop things within the region is has contributed within the dried natural products and nuts market development. 

KEY INDUSTRY PLAYERS

"Key Industry Players Shaping the Market through Innovation and Market Expansion"

Producers of dried fruits and edible nuts have altogether affected the market flow. With their imaginative definitions and dispersion techniques, they have impelled the accessibility and availability of dried fruits and edible nuts to patients around the world. These producers have played a essential part in forming competitive estimating models, guaranteeing reasonableness without compromising on quality. Also, their investigate and advancement endeavors have driven to progressions in medicate viability and security profiles, encourage growing the market reach and patient results. 

List of Market Players Profiled

• Arimex (Lithuania)
• Olam International (Singapore)
• Sunbeam Foods (Australia)
• Sun-Maid (U.S)
• Diamond Foods (U.S.)
• Archer Daniels Midland (U.S.)
• Kanegrade (U.K.)
• Graceland (U.S.)
• Hines Nut Company (U.S.)
• H.B.S. Foods (U.S.).

INDUSTRIAL DEVELOPMENT

January 2023: The company Blue Precious stone Cultivators within the early 2023, intentionally made a declaration that the company would be propelling and re-commencing deals of its item line Chile 'N Lime Flavored Almonds. 

REPORT COVERAGE

The report assessments give gages for future publicize development in expansion to a comprehensive SWOT examination. It looks at a wide run of show off classifications, potential employments, and fundamental components that fuel the market's advancement in organize to select how the industry makes over another numerous a long time. By considering both genuine turning centers and current plans, the look at offers a truly picture of the market's components and highlights potential progression prospects.