Global Dried Fruit Snacks Market – Industry Trends and Forecast to 2029

Global Dried Fruit Snacks Market By Fruit Type (Raisins (Dried Grapes), Tropical & Exotic Fruits, Berries), Form (Slices & Granulates, Powder, Whole Dried Fruits), Nature (Organic, Conventional), End-User (Individual, Food Service Providers, Food Processing Industry), – Industry Trends and Forecast to 2029

Market Analysis and Size

The dried fruit snack market has expanded dramatically in recent years, particularly since the global pandemic. As customers become more health-conscious, the demand for nutritious yet delectable products has increased. Furthermore, the growing development of the product supply chain is propelling market growth. To expand their operations to include e-commerce channels, major supermarket chains are now collaborating with third-party online delivery companies.

Data Bridge Market Research analyses that the dried fruit snacks market was valued at USD 490.4 million in 2021 and is expected to reach the value of USD 850.19 million by 2029, at a CAGR of 7.12% during the forecast period of 2022-2029.

Report Scope and Market Segmentation

Market Definition

Dried fruit snacks are healthy snacks made from dried fruits such as dates, cherries, apricots, and blueberries. The dried fruit snacks have a high nutritional value and help to support the body's overall health and immune system. Some of these snacks are also sugar-free, providing a high nutritional value.

Dried Fruit Snacks Market Dynamics

Drivers

• Growing demand for on-the-go snack consumption

The rise in on-the-go snack consumption is fuelling the global dried fruit snacks market's positive growth. Growing consumer awareness of the health risks associated with junk food consumption, such as heart disease, diabetes, and other chronic diseases, is expected to drive the global demand for dried fruit snacks. A rise in customer preference for healthy eating habits and a busy lifestyle is one of the key trends in the global dried fruit snacks market. Dried fruit snacks are becoming a larger part of people's diets worldwide, propelling the global dried fruit snacks market forward.

• Increasing per capita earnings of customers, modernization and a wider base of employed people

Increasing per capita earnings of customers as a result of modernization and a wider base of employed people is one of the most important stimulating substances for market development. People in their mid-thirties to mid-forties have increased their spending on dried fruit snacks. Increasing funds for developing inventive class offerings and the inventiveness begun by the most important companies for product branding are expected to deliver an up word push to the market.

As a result of alertness movements promoted by companies, governments, and non-governmental organisations, consumer fitness awareness is expected to inspire demand for dried fruit snacks in the coming years.

Opportunity

With a shift in customer personal conduct standards, dried fruit snacks may emerge as an alternative to undeniable suppers. The essence of snacks is changing as empowered customers increasingly seek delectable, nourishing, and cost-effective food alternatives to fuel their hectic lifestyles. A growing number of government initiatives are raising consumer awareness and preferences for dried fruit snacks around the world. Many government organizations have begun promoting healthy living habits and urging people to reconsider their dietary strategies in response to the rising prevalence of obesity epidemics. Comfort is also driving online sales of ready-to-eat snacks, with dried fruit snack varieties being one of the most popular food classes purchased through the online channel.

Restraints

On the other hand, the high cost of dried fruit and the presence of stringent government regulations are expected to impede market growth. The dried fruit snacks market is expected to face challenges due to a lack of standardised supply chains in developing countries in the forecast period.

This dried fruit snacks market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the dried fruit snacks market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

COVID-19 Impact on Dried Fruit Snacks Market

The spread of the COVID virus has increased demand for dried fruit snacks, as people have become more conscious of the importance of eating nutritious foods. Increased use of internet channels to bulk purchase goods and snack alternatives is expected to boost dried fruit snack demand during pandemic-induced lockdowns. Improved supply chain movement is expected to support the growth of the dried fruit snack market in the future.

Recent Development

• Ocean Spray has partnered with HelloFresh, the world's leading meal kit company, as of November 2019. The collaboration aimed to supply dried cranberries to HelloFresh in 2020.
• Dole Packaged Foods Worldwide announced a partnership with Future Group, which operates several retail chains in India under the brands Big Bazaar, Foodhall, Nilgiris, and Heritage Fresh, among others, in November 2019. Following the collaboration, the latter company planned to distribute the former's products in India.
• 2019-Sep: Ocean Spray expanded its Wisconsin Rapids, Wis., plant to 440,000 square feet. Following the expansion, it became the world's largest cranberry processing plant.

Global Dried Fruit Snacks Market Scope

The dried fruit snacks market is segmented on the basis of fruit type, form, nature, and end user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Fruit type

• Raisins (Dried Grapes)
• Natural seedless
• Golden seedless
• Black currant
• Raisin mix
• Sultana
• Muscat
• Manukka
• Tropical & Exotic Fruits
• Dates
• Apricots
• Dried figs
• Banana
• Pineapple
• Mango
• Peaches
• Other
• Berries
• Cranberry
• Blueberry
• Raspberry
• Acai berry

Form

• Slices & Granulates
• Powder
• Whole Dried Fruits

Nature

• Organic
• Conventional

End users

• Food processing industry
• Baked goods
• Confectionery
• Beverages
• Soups
• Ready meals
• Cereals
• Snack bars
• Food Service Providers
• Individuals

Dried Fruit Snacks Market Regional Analysis/Insights

The dried fruit snacks market is analysed and market size insights and trends are provided by country, fruit type, form, nature, and end-user as referenced above.

The countries covered in the dried fruit snacks market report are U.S., Canada and Mexico in North America, Germany, Denmark, Sweden, Poland, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

North America is expected to be one of the most noticeable provincial markets for dried fruit snacks. Customers' changing habits, such as snacking between fixed mealtimes or snacking in place of meals and an increase in inclination for healthy alternatives, are expected to increase demand for the product in the area. Asia-Pacific is expected to be the most enticing destination in the international arena. The province's growing demand for the product can be attributed to modernization and the growing need for snacking options in developing countries such as India and China.

The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Dried Fruit Snacks Market Share Analysis

The dried fruit snacks market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to dried fruit snacks market.

Some of the major players operating in the dried fruit snacks market are:

• ITC Limited (India)
• Kambly SA (Switzerland)
• Mondelez International (US)
• PepsiCo (US)
• The Kraft Heinz Company (US)
• Annie's Homegrown, Inc. (US)
• Parle Products Pvt. Ltd. (India)
• Patanjali Ayurved (India)
• Britannia (India)
• Kellogg Co (US)
• pladis global (UK)
• Walkers Shortbread Ltd (UK)
• Lotus Bakeries NV (Belgium)
• Nestle SA (Switzerland)
• Burton’s Foods Ltd. (UK)