Dried Fruit Extracts Market
Dried Fruit Extracts Market By Nature (Conventional, Organic), By Form (Powder, Liquid), By Distribution Channel (Direct, Indirect, Supermarkets, Online Retails, Departmental Stores), By End User & By Region - Global Insights 2022 to 2032
Dried Fruit Extracts Market Outlook (2022-2032)
The global dried fruit extracts market accounts for a revenue of US$ 8.9 billion in 2022 and is anticipated to reach a market valuation of US$ 15.8 billion by the end of 2032. Global demand for dried fruit extracts is predicted to rise at a CAGR of 5.9% from 2022 to 2032.
Online retail channels are booming with convenient purchasing options, easy accessibility to products, and more brand options. Targeting health-conscious consumers is projected to increase the sales prospects for dried fruit extract manufacturers over the coming years.
Dried Fruit Extracts Market Size (2022E)
US$ 8.9 Billion
Forecasted Market Value (2032F)
US$ 15.8 Billion
Global Market Growth Rate (2022-2032)
North America Market Share (2022)
Europe Market Share (2022)
Key Companies Profiled
Interested to Procure The Data
Consumption Analysis of Dried Fruit Extracts (2017-2021) Vs. Market Outlook (2022-2032)
“Rising Preference for Nutrition-Rich Diets Driving Demand for Dried Fruit Extracts”
According to Fact.MR, a market research and competitive intelligence provider, the consumption of dried fruit extracts is expected to increase at a CAGR of 5.9% from 2022 to 2032.
The global dried fruit extracts market is expected to witness a high growth rate across the forecast period due to the rising demand for nutrition-rich diets and foodstuffs across the world. The protracted shelf life of dried fruits is more as compared to fruits; packing & carrying features and easy storage are further likely to augment the consumption of dried fruit extracts.
Mounting demand for suitability and processed foodstuffs that are rich in nutrients and minerals is estimated to drive global development in near future. Flavor augmenting possessions related to some dried fruits, tied with accumulative disposable income of customers across developing countries is expected to lead the overall growth over the coming years.
Rising trend of on-the-go snacking is set to accelerate the development of the market over the forecast period. Characteristics such as easy to carry aspect and less decease feature have made dried fruits a healthy snack across regions.
What’s Driving Global Consumption of Dried Fruit Extracts?
“Dried Fruit Extracts Gaining Traction Due to their Excellent Flavouring & Colouring Properties and Growing Usage in Cosmetics”
Growth of the dried fruit extracts market is projected to be shaped by the several benefits offered by them. These products impart tremendous flavouring and colouring properties. The human body is capable of digesting dried fruit extract flavors very easily, which makes them a progressively more popular product across regions.
Moreover, dried fruit extracts have also gained substantial popularity as ingredients in baked foods, salads, desserts, and snacks. Over the past few years, the liquid form of dried fruit extracts has gained immense popularity in the ice cream and chocolate industry as they add high nutrition and flavour to these food items. Further, mounting demand for foodstuffs such as dried fruit chips is estimated to augur well for dried fruit extract suppliers.
Cosmetics made with freeze-dried fruit extracts are having distinctive attention due to their natural source with an additional superfluous advantage with no side effects to the human body. Especially, prominent beauty brands are spending millions of dollars on these products to fascinate end users, which is driving dried fruit extract consumption.
An Adaptive Approach to Modern-day Research Needs
How are New Dried Fruit Extract Manufacturers Strategizing in this Industry?
“Product Innovation to Remain Popular Trend among Aspiring Market Players”
New market entrants are concentrating on enhancing the quality of their products by funding R&D initiatives. Few businesses are strategically using improvised logistic networks to enhance their worldwide reach.
New companies are focusing on launching freshly innovated products with a long shelf life that can be utilized for several applications.
New York-based dried fruit snacks start-up Rind Snacks announced the launch of Peach Chips. The limited-edition product has a distinctive crunchy texture and sweet, summery, and stone fruit flavors. With just one ingredient- California peaches, and no additional ingredients, RIND Peach Chips enhance the full fruit snack to its best possible extent.
California peaches are the only ingredient in Rind Peach Chips, which also provide 9g of fiber per bag, nutritious doses of vitamins A and C, and only 100 calories per serving. The new product is organically vegan, gluten-free, and free of added sweeteners or additives.
What is the Regional Scenario of the Dried Fruit Extracts Market?
“Market Driven by Right Packaging, Increased Availability, & Rising Need for Weight Management”
Europe is dominating the global dried fruit extracts market with 24.1% share. Growing preference for packaged and prepared foods in the working population is driving the demand for dried fruits.
Right packaging, enhanced availability, rising disposable income, and growing awareness regarding the health advantages of dried fruits are the factors driving the market growth in Europe.
North America accounts for 21.2% share of the global dried fruit extracts market. North America is one of the leading producers and consumers of dried fruit extracts. Dried fruit extracts are experiencing huge demand in the region due to the rising number of studies that show many health benefits of dried fruit extracts including weight management and disease prevention.
The market in Asia Pacific is estimated to rise at the fastest rate over the forecast period. Cumulative application of dried fruit extracts in the production of sweet dishes, baked foods, and other confectionaries is stimulating the demand for dried fruit extracts in the region.
Which End User Accounts for Most Consumption of Dried Fruit Extracts?
“Rising Sales of Nutritional Food Products Driving Dried Fruit Extracts Consumption”
Based on end user, the dried fruit extracts market is segmented into food, cosmetics, pharmaceuticals, and household.
High nourishment values make dried fruit extracts an excellent choice amongst health-conscious people. The high disposable income of the people allows them to go for highly rated food items, such as dried fruits and their extracts. Such factors are expected to drive the demand for dried fruit extracts in food applications.
The food and beverage industry is endorsing a considerable growth rate in different regions around the world. Thus, it is generating huge demand for dried fruit extracts to use in several applications as it is a rich source of nutrients and phytochemicals, which are very crucial for the human body.
The citation of these products is extensively used in the making of jams and many other products. Besides, such products are also used in the packed fruit saps and juices to maintain the nourishing value of the juice.
As foodstuff products offer excellent natural anti-oxidant properties as well as nutrition, their citations are extensively used in cosmetic industries. To appeal to such buyers, dried fruit extract manufacturers are implementing driving facts such as the point of purchase demonstration advertising strategy.
Leading manufacturers are presenting new varieties and expanding the interest in dried fruit extracts among customers.
For instance :
- A dried fruits company based in the U.S. named Traina introduced two new varieties for the summer, namely, Natural Cherry and the Summer Blend. Summer Blend is created with powdered peaches, citrus peel extracts, and plums, and Natural Cherry is produced with cherries.
Key Segments Covered in Dried Fruit Extracts Industry Research
Dried Fruit Extracts Market by Nature :
- Conventional Dried Fruit Extracts
- Organic Dried Fruit Extracts
Dried Fruit Extracts Market by Form :
- Powder Dried Fruit Extracts
- Liquid Dried Fruit Extracts
Dried Fruit Extracts Market by End User :
Dried Fruit Extracts Market by Distribution Channel :
- Online Retails
- Departmental Stores
- Convenience Stores
- Specialty Stores
Dried Fruit Extracts Market by Region :
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
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