Europe Dried Fruits Market

Europe Dried Fruits Market Value Analysis Forecast Report 2022 - 2027:

Europe Dried Fruits Market size is estimated at USD xx million in 2021 and is expected to reach over USD xx million by the end of the assessment period, with moderate growth throughout the outlook period (2022 - 2027).

Dried fruits are vital snacks as well as additives for various types of food due to their nutritional benefits and flavors. Also, nuts are a key element of the main diet in Mediterranean areas. Large-scale consumption of dried fruits has been linked to the prevention of conditions such as type 2 diabetes, heart disease, and metabolic syndrome. In addition, dried fruits such as raisins, prunes, apricots, figs, apples, dates, and peaches are eaten in several countries. According to the NCBI, dried fruits are key sources of potassium and low-fat dietary fiber. Dried fruits have a high amount of glucose, carbohydrates, and fructose, as well as moderate proportions of insulin and glycemic index or GI compared to fresh fruits.

Recent Developments:

1. In November 2019, Ocean Spray has partnered with HelloFresh, the world leader in food kits. The association focused on supplying dried cranberries to HelloFresh in 2020.
2. In November 2019, Dole Packaged Foods has published about its collaboration with Future Group, which is a leading retail brand in India that offers services through its brands like 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.
3. In September 2019, Ocean Spray has 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.
4. In August 2019, Sun-Maid Growers of California signed an agreement with Lil’s Drug Store Products. As a result of the agreement, Lil 'Drug became the exclusive distributor for the Sun-Maid brand in the convenience channel.
5. In October 2018, Sun-Maid Growers of California announced an agreement with Flowers Foods, producer of Nature's Own, Wonder, Tastykake, Dave's Killer Bread and other baked goods. Under this agreement, Sun-Maid has authorized Flowers Foods to produce and distribute Sun-Maid raisin bread to approximately 80% of the American population.
6. In February 2018, Ocean Spray signed an agreement to purchase Atoka Cranberries in Quebec. The acquisition would increase the manufacturing activities of the former company in the region.

Market Drivers and Restraints:

High water content leads to perishable fruit, therefore, fresh fruits are dried to extend their shelf life while preserving the product. In dried fruits, a large proportion of water is removed using the spectrum of drying procedures. In addition, osmotic dehydration is one of the most appropriate techniques to improve the shelf life of fruits. The process has gained popularity due to its ability to retain flavor, minerals, color, flavor, and vitamins while reducing the water level in the fruit. Additionally, nuts are easy to store and are considered nutritional health benefits. According to some sources, NCBI conducted studies on dried fruits like goji, raisins, and blueberries in 2017 and they had antioxidant properties. Additionally, goji fruits have been shown to be healthier for consumers. For the record and according to the National Health and Nutrition Examination Survey carried out in 1999-2004, it was found that the consumption of dried fruits contributed to improving the quality of food, increasing nutritional intake and minimizing body weight in the adult population of the United States. These positive results, validated and confirmed by studies carried out by accredited health organizations like NCBI, should stimulate growth in the market in the coming years.

Market Segmentation:

The market segmentation for Europe Dried Fruits has been divided based on the Product, Form, and Distribution channel.

Supermarkets and hypermarkets had the highest participation in 2019 and represented more than 50% of the total turnover. In recent years, supermarkets and hypermarkets have experienced significant growth in the category of dried fruits and nuts. These retail chains are attractive to health-conscious consumers by expanding their ranges of organic and natural products. 7-Eleven, Walmart, Kroger, Aldi, Lidl, Carrefour Sans, and Ahold Delhaize are the main supermarket chains in the world.

Dried raisins or grapes dominated the dried fruit market with more than 35% of total revenue in 2019. Turkey, the United States, Iran, China, and India are the main producers of the product. Similarly, the main consumers of raisins are China, India, the United States, the United Kingdom, Germany, and Turkey. The increase in the production of raisins in developed and emerging economies had a positive influence on the growth of the segment. As a result, raisin applications have significantly increased in various segments of the food and beverage industry due to their health benefits. Companies are launching many products that use raisins as an ingredient.

Impact of COVID-19 on Europe Dried Fruits Market:

 COVID-19 has affected almost every country in the world and developing nations are no exception. Some countries are seriously affected, while others have managed to control the spread by implementing blockades and maintaining social distance. The F&B sector and the retail sector are among the most affected in the world. Restaurants and bars will remain closed even after closing; it could take months to regain control and get the same crowd as before the COVID pandemic. The disruption caused by the pandemic is likely to result in the loss of 30 million jobs in the travel and hospitality industry. There is a massive drop in the hotel sector after a national blockade. Although livelihood is currently a challenge, we do not expect it to be resolved at the end of the foreclosure. It is difficult to estimate the number of people who would choose to dine before the lockout, although we anticipate an increase in takeout and delivery orders.

Regional Analysis:

The market for Europe Dried Fruits has been classified into the United Kingdom, Germany, France, Italy, Spain, and the rest of Europe. Europe dominated the market in 2019 with more than 30% of global turnover. Germany, the Netherlands, France, and the United Kingdom are the main markets in the region. The growing trend of low-sugar, natural, and healthy foods has fueled the growth of the dried fruit market in the region. Additionally, the increase in the population of health-conscious consumers, supported by rising disposable incomes, is spurring demand for nuts. The main importers of nuts are the United Kingdom, Germany, Vietnam, and France.

Leading Company:

Traina Foods had the largest share of the Europe Dried Fruits market in terms of sales and revenue in 2019.

Key Players:

The major companies for the Europe Dried Fruits Market include Sunbeam Foods Pty Ltd., Traina Foods, Kiantama Oy, Dole Food Company, Sun-Maid Growers of California, Bergin Fruit and Nut Company Inc., Red River Foods Incorporated, and Lion Raisins Inc