Press release
Dried fruits Market Revenue Industry Growth, with Regional Overview Forecast 2020-2027.
Market overviewAccording to the studies, the dried fruit market will grow up to 9900.3 million by the end of the year 2026. The market will grow at a CAGR rate of 4.70% in the forecast period. Even the dried fruits and vegetable market will grow up to 92.65 billion in the year 2027. The market will grow at a CAGR rate of 9.20%. The market valuation was 54.62 billion USD in 2021. The market was further valued at around 59.55 billion USD in 2022. Furthermore, the market will expand more in the future. The dried fruits are the results of the elimination of water from the fruits.
The major market driver of the dried fruits market is increasing demand. People are more conscious about their health. The dried fruits contain various types of nutrients and properties. These properties enrich the body's nourishment. Furthermore, the market is very popular for various food combinations, snacks and beverages. These are also the major market drivers for the growth of the dried fruits market. Even dried fruits can also be used in various types of protein supplements.
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During the COVID-19 pandemic, the dried fruit market was also got affected. The production system was hampered due to the lockdown period. Furthermore, the supply chain was paused for some time. Retailers were unable to deliver these products directly to the customers. But online marketing had good growth at that time also.
Market segmentation
There are some important market segments of the dried fruits market. These segments play a great role in the future of this market. Furthermore, the market segments also are the main reasons for the profit of this market. These segments also determine the future growth of the market. These segments are 1. The categories, 2. The type, 3. The application and lastly 4. The regions.
The type segment of the dried fruits market segmentation has subcategories like fig, apricot, raisin, berries, dates and even mangoes. The raisin is one of the highest demand in the market. The raisin market will grow up to 3422.98 million USD in the forecast period. Dried raisins are enriched with minerals, fibres, and other nutrients. The category segment is again divided into two subparts organic and conventional.
Regional division
The main regional division of this market is among three major regions. The Asia Pacific and North America, Europe. According to the reports, the rest of the world operated more than 33.82% market share in 2019. Furthermore, all regional markets are growing in the dried fruits market rapidly. Even the Middle East, Africa, and South America are also showing great interest in the dried fruits market.
Industry review
The industry review report suggests that the dried fruits market will expand more over the world. The high proteins and nutrients along with many benefits became the major attraction for the population. Many food companies are also improving their supplies for better growth in the market during the forecast period.
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