APAC Dried Fruits Market

APAC Dried Fruits Market Size (2023 to 2028)

The size of the dried fruits market in the Asia-Pacific region was estimated at USD 1.92 billion in 2023 and is expected to reach USD 2.75 billion by 2028, recording a moderate CAGR of 7.63 % throughout the forecast period (2023-2028).

Dried fruits are processed fruits whose water content has been removed to extend their shelf life. The water content of the fruit can be removed by a process of drying in the sun, as well as with food dryers or dehydrators. Dried fruits are rich in antioxidants and other essential nutrients and can be eaten directly or used in the production of cookies, crackers, desserts, and other edible products.

The growth of the middle-class population and the growth of health-conscious consumers have fueled the growth of the Asia Pacific dried fruits market. The changing consumer preference for healthy and nutritious food due to increasing obesity and an aging population is driving the local dried fruit market. In addition, the increased acceptance of nutritious packaged foods and the widespread application of dried fruits in the dairy, bakery, snack, and confectionery industries have fueled the demand for dried fruits over the years. The demand for nuts has been influenced by research studies that highlight the role of the product in weight control and disease prevention. As a result, consumers have included dried fruit in their diet.

The increasing trend of moving snacks has accelerated the growth of the APAC market in recent years. Features like less perishability and ease of transport have made dried fruit a popular healthy snack. Additionally, dried fruits have gained popularity as an ingredient for salads, baked goods, oatmeal, snacks, and desserts. To attract these consumers, manufacturers adopt a marketing strategy at the point of sale or on POP screens. Producers have introduced innovative packaging for dried fruit. In addition, they have included exotic and tropical fruits in their product line to attract more consumers.

Impact of COVID-19 on the APAC dried fruits market:

The coronavirus pandemic had a great negative effect on all supply and value chain stages of various industries. Food and beverages are among the industries that are currently experiencing impacts because of the pandemic. The affected workforce on farms, food and beverage production and processing plants, and the distribution network are analyzed to risk promoting the COVID-19 epidemic, the transmission of which can occur during various coordination activities. There is also a potential risk that the virus will spread through outbound products, leading to food security problems when trade occurs between geographic areas and different stages of the supply chain, resulting in a shortage of working manpower.

REPORT COVERAGE:

This research report on the Asia Pacific dried fruits market has been segmented and sub-segmented into the following categories.

APAC Dried Fruits Market - By Type:

• Apricots   
• Dates        
• Figs            
• Peaches  
• Pears        
• Prunes     
• Raisins      
• Berries     
• Others   

APAC Dried Fruits Market - By Application:

• Confectioners       
• Dairy Products      
• Bakery Products  
• Snacks and Bars   
• Desserts  
• Cereals    
• Others

APAC Dried Fruits Market - By Country:

• India
• China
• Japan
• South Korea
• Australia
• New Zealand
• Thailand
• Malaysia
• Vietnam
• Philippines
• Indonesia
• Singapore
• Rest of APAC

Asia-Pacific is expected to experience the fastest growth during the forecast period. In addition, the expansion of the retail market and increased purchasing power in countries such as China and India are expected to stimulate demand for nutrient-dense foods. Increased availability, proper packaging and a growing awareness of health needs have stimulated the dried fruit market in these countries. Other than that, people consume dried fruits by mixing them into cereal, cheese, and yogurt. Furthermore, the regional market is expected to gain ground in the coming years due to the health benefits of consumers when consuming dried fruits due to their high phytochemical content.

KEY MARKET PLAYERS:

SUNSWEET, SUNBEAM FOODS, Traina Foods, Sun-Maid Growers of Californi, Kiantama Oy, Geobres, Red River Food, Murray River Organics Gr, Angas Park, Bergin Fruit and Nut Company and AL FOAH are some of the major players in the APAC dried fruits market. SUNBEAM FOODS had the largest share of the Asia Pacific Dried Fruits market in terms of sales revenue in 2018.

RECENT HAPPENINGS IN THE MARKET:

• In November 2019, Ocean Spray partnered with HelloFresh, the world leader in food kits. The association focused on supplying dried cranberries to HelloFresh in 2020.
• In November 2019, Dole Packaged Foods Worldwide announced its partnership with Future Group, which operates several retail chains across India under the Big Bazaar, Foodhall, Nilgiris and Heritage Fresh brands, among others. After the association, the latter company aimed to distribute the products of the old company in India.
• In September 2019, Ocean Spray doubled the size of the plant at its Wisconsin Rapids, Wisconsin facility to 440,000 square feet. After its expansion, it became the world's largest blueberry processing plant.