Asia Pacific Dried Fruits Market Value and Volume Analysis 2021-2026:
Asia Pacific Dried Fruits Market value was estimated at USD xx million in 2021 and is expected to reach USD xx million by the end of the assessment period, recording a moderate CAGR throughout the forecast period (2021-2026).
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.
Recent Developments:
Market Drivers and Restraints:
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 perishable and easy to 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 dessert. 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.
Market Segmentation:
The market segmentation for Asia Pacific Dried Fruits has been based on type, form, and end-user. Based on the type, the Asia Pacific Dried Fruits market is divided into raisins, tropical and exotic fruits, and berries. In addition, raisins are classified into natural seedless, gold seedless, blackcurrant, sultana, muscat, and monukka. While tropical and exotic fruits are more segmented into dates, dried figs with apricot, banana, pineapple, mango, peaches, and others. The berries are segmented into bilberry, bilberry, raspberry, acai berry. Among these types of fruit, the exotic and tropical fruit segment is expected to dominate the dried fruit market due to its increasing use in the additives and flavoring industry.
Based on nature, the dried fruit market is mainly segmented into organic and conventional. Increasing customer health awareness is an important driver for the organic dried fruit market. For this reason, the organic dried fruit market should have a high preference over conventional dried fruits during forecasting. The organic dried fruit market is expected to grow 6.1% annually over the next year. However, at present, the organic dried fruit market has a small market share due to its high cost. The growing preference for organic fruits in developed economies is an important driver that should stimulate the organic dried fruit market in the near future.
Impact of COVID-19 on Asia Pacific 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 as a result 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.
Regional Analysis:
The market for Asia Pacific Dried Fruits has divided into China, Taiwan, South Korea, India, Japan, Australia, and New Zealand, and the rest of the Asia-Pacific. 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.
Leading Company:
SUNBEAM FOODS had the largest share of the Asia Pacific Dried Fruits market in terms of sales revenue in 2018.
Key Players:
1. Introduction
1.1 Market Definition
1.2 Study Deliverables
1.3 Base Currency, Base Year and Forecast Periods
1.4 General Study Assumptions
2. Research Methodology
2.1 Introduction
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Econometric Modelling
2.2.4 Expert Validation
2.3 Analysis Design
2.4 Study Timeline
3. Overview
3.1 Executive Summary
3.2 Key Inferences
3.3 Epidemology
4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)
4.1 Market Drivers
4.2 Market Restraints
4.3 Key Challenges
4.4 Current Opportunities in the Market
5. Market Segmentation
5.1 Type
5.1.1 Introduction
5.1.2 Apricots
5.1.3 Dates
5.1.4 Figs
5.1.5 Peaches
5.1.6 Pears
5.1.7 Prunes
5.1.8 Raisins
5.1.9 Berries
5.1.10 Others
5.1.11 Y-o-Y Growth Analysis, By Type
5.1.12 Market Attractiveness Analysis, By Type
5.1.13 Market Share Analysis, By Type
5.2 Application
5.2.1 Introduction
5.2.2 Confectioners
5.2.3 Dairy Products
5.2.4 Bakery Products
5.2.5 Snacks and Bars
5.2.6 Desserts
5.2.7 Cereals
5.2.8 Others
5.2.9 Y-o-Y Growth Analysis, By Application
5.2.10 Market Attractiveness Analysis, By Application
5.2.11 Market Share Analysis, By Application
6. Geographical Analysis
6.1 Introduction
6.1.1 Regional Trends
6.1.2 Impact Analysis
6.1.3 Y-o-Y Growth Analysis
6.1.3.1 By Geographical Area
6.1.3.2 By Type
6.1.3.3 By Application
6.1.4 Market Attractiveness Analysis
6.1.4.1 By Geographical Area
6.1.4.2 By Type
6.1.4.3 By Application
6.1.5 Market Share Analysis
6.1.5.1 By Geographical Area
6.1.5.2 By Type
6.1.5.3 By Application
6.2 Asia-Pacific
6.2.1 Introduction
6.2.2 China
6.2.3 India
6.2.4 Japan
6.2.5 Australia
6.2.6 South Korea
7. Strategic Analysis
7.1 PESTLE analysis
7.1.1 Political
7.1.2 Economic
7.1.3 Social
7.1.4 Technological
7.1.5 Legal
7.1.6 Environmental
7.2 Porter’s Five analysis
7.2.1 Bargaining Power of Suppliers
7.2.2 Bargaining Power of Consumers
7.2.3 Threat of New Entrants
7.2.4 Threat of Substitute Products and Services
7.2.5 Competitive Rivalry within the Industry
8. Market Leaders' Analysis
8.1 Ocean Spray Cranberries Inc.
8.1.1 Overview
8.1.2 Product Analysis
8.1.3 Financial analysis
8.1.4 Recent Developments
8.1.5 SWOT analysis
8.1.6 Analyst View
8.2 Sunbeam foods Pvt Ltd
8.3 Olam International
8.4 Arimex Ltd
8.5 National Raisin Company
8.6 Sun-Maid
8.7 SUNSWEET
8.8 Amsterdam Commodities N.V
9. Competitive Landscape
9.1 Market share analysis
9.2 Merger and Acquisition Analysis
9.3 Agreements, collaborations and Joint Ventures
9.4 New Product Launches
10. Market Outlook and Investment Opportunities
Appendix
a) List of Tables
b) List of Figures
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