Increasing adoption of sedentary lifestyle across the globe is expected to swell the global dried fruit ingredients market size in the foreseeable future. Rise of knowledge-based economies have eliminated the need for physically-intensive activities in urban areas in the past few decades. Office scenes today are characterized by employees sitting at their desks for long hours, doing little to no exercise due to mental haggardness. Consequently, there is a marked drop in the general health index of the global urban populace. According to the World Health Organization (WHO), around 16 million Disability Adjusted Life Years (DALYs) and 1.7 million deaths occurring worldwide are attributable to low vegetable and fruit consumption. With the sharp rise in lifestyle-related disorders such as diabetes and obesity, the working population is now looking for efficient alternatives to traditional foods and as a result, the popularity of dried fruit products is growing, especially in urban areas. It is also fast becoming one of the leading dried fruit ingredients market trends.
The above information is provided in a new Fortune Business Insights™ report, titled “Dried Fruit Ingredients Market Size, Share And Global Trend By Fruit Type (Raisins, Berries, Tropical Dried Fruits), By Application (Baked Goods, Ready Meals, Breakfast Cereals, Confectioneries, Beverages), And Geography Forecast Till 2029”. In addition to this, the report shares:
Accurate computation of different market figures;
360-degree overview of the overall industry outlook and its impact on the market;
Segmentation of the market and a worm’s eye-view study of each segment; and
Exhaustive analysis of the various factors, drivers, and restraints and their influence on the market.
Probability of Allergic Reactions May Slow Down Growth
Allergies arising from foodstuffs are difficult to detect and can prove to be lethal to an individual’s health. Dry fruits are notorious for causing certain allergies and this drawback may hinder the dried fruit ingredients market growth during the forecast period. For example, many times, dry fruits are adulterated with sulfites for better preservation and to make them appear more attractive. According to the National Institutes of Health, people who are sensitive to these substances can exhibit extreme reactions such as asthma attacks and painful stomach cramps, if they consume them. To avoid such incidences, regulatory authorities around the world have designed stringent policies to monitor the production and distribution of dried fruit ingredients. For instance, the European Union has made it mandatory for manufacturers to label packaged foods that contain sulfites such as sulfur dioxide.
Rising Consumption of Dry Fruits to Propel the Market in Asia-Pacific
Among regions, Asia-Pacific is poised to dominate the dried fruit ingredients market share during the forecast period. The key factors fueling the market include increasing consumption of dry fruits as awareness about their benefits grows and rising uptake of dried food ingredients in bakery items and dairy products in the region. In Europe, the market will be mainly driven by high demand for nutrition-rich snacks and high disposable income.
Increasing Focus on Innovation to Spur Competition
As per the dried fruit ingredients market forecast, major companies are intensely focused on developing novel products to stay ahead of the competition. Investment in research and development are showing returns for many companies who have now established themselves as formidable competitors in this market.
October 2019: California-based global leader in almond processing and marketing, Blue Diamond, widened its Almond Breeze product line with the addition of a new flavor, Almond Breeze Almondmilk Mexican Hot Chocolate. Inspired by one of Latin America’s favorite drinks, the product is made entirely out of Californian almonds and boasts of a rich, creamy texture.
September 2019: Setton Farms, US’s second-biggest pistachio grower and processor, introduced a new series of Seasoned Pistachio Kernels in a bid to diversify its pistachio offerings. The novelty of this product is that the pistachios will be available in de-shelled form and seasoned with different spices for consumers to enjoy.
Key Players Profiled in the Dried Fruit Ingredients Market Report:
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