Dried Food Market to increase by USD 6.6 billion between 2022 to 2027 | High convenience of dried food products boosts the market growth - Technavio

NEW YORK, Oct. 12, 2023 /PRNewswire/ -- The dried food market size is expected to grow by USD 6.6 billion from 2022 to 2027, according to Technavio. In addition, the growth momentum of the market will progress at a CAGR of 6.38% during the forecast period. The health benefits of dried food products are notably driving the dried food market. However, factors such as increasing product recalls for dried food products may impede the market growth. The market is segmented by product (fruits, vegetables, meat, and poultry and seafood), distribution channel (supermarkets and hypermarkets, convenience stores, and online), and geography (North America, Europe, APAC, South America, and Middle East and Africa). Technavio provides a comprehensive report summary describing the market size and forecast along with research methodology. The free sample report is available in PDF format 

Key Segment Analysis

The market share growth by the fruits segment is significant during the forecast period. One of the main factors which are significantly contributing to the growth of this segment is the growing awareness regarding healthy food products. Some of the various types of dried fruits include raisins, apricots, apples, mangoes, cranberries, bananas, figs, dates, and plums. Nutritional value is one of the main benefits of dried fruits. Even though the drying process can result in the loss of heat-sensitive vitamins, including vitamin C, dried fruits contain vital nutrients such as fiber, minerals, and antioxidants. There is a growing popularity for dried fruit among health-conscious consumers as it offers an excellent source and a healthier alternative to processed snacks. Hence, such factors are fuelling the growth of this segment, which in turn will drive the market growth during the forecast period.

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Geographical Market Analysis 

North America accounts for 34% of the growth of the global market during the forecast period. Due to the growing demand for vegan foods among consumers, several market players are launching vegan dried food products. In addition, there is an increasing number of consumers adopting a vegan lifestyle is increasing in the US, Brazil, Canada, and other countries in North America. For instance, almost 2%-6% of consumers in the US represent a vegan population. Furthermore, there is a rise in the number of startups offering a vegan diet in the US. In addition, there is a growing popularity of a vegan diet among the young population. Hence, such factors are expected to drive market growth in North America during the forecast period.

Company Insights 

The dried food market is fragmented, and the companies are deploying organic and inorganic growth strategies to compete in the market. The report analyzes the market's competitive landscape and offers information on several market companies, including:
Ajinomoto Co. Inc., Asahi Group Holdings Ltd., B and G Foods Inc., Campbell Soup Co., Carnivore Meat Co. LLC, Create A Pack Inc., Crispy Green Inc., European Freeze Dry, Flex Foods Ltd., General Mills Inc., Harmony House Foods Inc., ITC Ltd., Mondelez International Inc., Saraf Foods Pvt. Ltd., Sunsweet Growers Inc., The Kraft Heinz Co., Thrive Foods, Tong Garden Co. Ltd., Unilever PLC, and Van Drunen Farms

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ToC:

Executive Summary

Market Landscape

Market Sizing

Historic Market Sizes

Five Forces Analysis

Market Segmentation by Product

Market Segmentation by Distribution Channel

Market Segmentation by Geography

Customer Landscape

Geographic Landscape

Drivers, Challenges, & Trends

Company Landscape

Company Analysis

Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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SOURCE Technavio